For saleSingle family
$225,000
621 East Ave
Red Wing MN 55066
3 beds, 2.5 baths, 2,364 sqft
621 East Ave is a 3 beds, 2.5 baths, 2,364 sqft single family home for sale at $225,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,850/mo and returns $244/mo a month at a 8.0% 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
- $244/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.5%
- Max offer
- $218,000
Offer ≤ $218,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading