For saleTownhouse
$289,000
1089 Hewitt Blvd
Red Wing MN 55066
2 beds, 3 baths, 1,969 sqft
1089 Hewitt Blvd is a 2 beds, 3 baths, 1,969 sqft townhouse home for sale at $289,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,500/mo and returns -$731/mo a month at a 3.6% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,500/mo
- Monthly cash flow
- -$731/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.2%
- Max offer
- $150,500
Offer ≤ $150,500 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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