For saleCondo
$154,000
2114 Village Dr Apt 125
Red Wing MN 55066
2 beds, 1 bath, 972 sqft
2114 Village Dr Apt 125 is a 2 beds, 1 bath, 972 sqft condo home for sale at $154,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,500/mo and returns $280/mo a month at a 8.7% 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
- $1,500/mo
- Monthly cash flow
- $280/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.9%
- Max offer
- $154,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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