For saleSingle family
$305,000
1616 Greenwood St
Red Wing MN 55066
3 beds, 2 baths, 1,950 sqft
1616 Greenwood St is a 3 beds, 2 baths, 1,950 sqft single family home for sale at $305,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,850/mo and returns -$327/mo a month at a 5.4% 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
- -$327/mo
- Cap rate
- 5.4%
- Cash-on-cash
- -6.4%
- Max offer
- $218,500
Offer ≤ $218,500 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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