For saleTownhouse
$295,000
1967 Cherry St
Red Wing MN 55066
2 beds, 2 baths, 1,604 sqft
1967 Cherry St is a 2 beds, 2 baths, 1,604 sqft townhouse home for sale at $295,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,300/mo and returns -$986/mo a month at a 2.7% 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
- $1,300/mo
- Monthly cash flow
- -$986/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -20.0%
- Max offer
- $124,000
Offer ≤ $124,000 (58% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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