For saleCondo
$120,000
405 Main St Apt 203
Red Wing MN 55066
1 bath, 487 sqft
405 Main St Apt 203 is a 1 bath, 487 sqft condo home for sale at $120,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,200/mo and returns $139/mo a month at a 8.1% 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
- $1,200/mo
- Monthly cash flow
- $139/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.0%
- Max offer
- $117,000
Offer ≤ $117,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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