For saleMulti-family
$225,000
1134 Central Ave
Red Wing MN 55066
3 beds, 2 baths, 1,946 sqft
1134 Central Ave is a 3 beds, 2 baths, 1,946 sqft multi-family home for sale at $225,000 in Red Wing MN 55066. At 20% down it rents for an estimated $2,400/mo and returns $794/mo a month at a 10.9% 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
- $2,400/mo
- Monthly cash flow
- $794/mo
- Cap rate
- 10.9%
- Cash-on-cash
- 21.2%
- Max offer
- $225,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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