For saleSingle family
$400,000
1821 Grandview Ave
Red Wing MN 55066
5 beds, 3 baths, 3,410 sqft
1821 Grandview Ave is a 5 beds, 3 baths, 3,410 sqft single family home for sale at $400,000 in Red Wing MN 55066. At 20% down it rents for an estimated $2,925/mo and returns $120/mo a month at a 6.9% 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
- $2,925/mo
- Monthly cash flow
- $120/mo
- Cap rate
- 6.9%
- Cash-on-cash
- 1.8%
- Max offer
- $350,500
Offer ≤ $350,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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