For saleSingle family
$315,000
1531 Roosevelt Ave
Red Wing MN 55066
3 beds, 2 baths, 1,807 sqft
1531 Roosevelt Ave is a 3 beds, 2 baths, 1,807 sqft single family home for sale at $315,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,850/mo and returns -$399/mo a month at a 5.1% 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
- $1,850/mo
- Monthly cash flow
- -$399/mo
- Cap rate
- 5.1%
- Cash-on-cash
- -7.6%
- Max offer
- $219,000
Offer ≤ $219,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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