For saleCondo
$185,000
405 Main St Apt 204
Red Wing MN 55066
2 beds, 1 bath, 811 sqft
405 Main St Apt 204 is a 2 beds, 1 bath, 811 sqft condo home for sale at $185,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,300/mo and returns -$76/mo a month at a 6.2% 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
- -$76/mo
- Cap rate
- 6.2%
- Cash-on-cash
- -2.5%
- Max offer
- $145,000
Offer ≤ $145,000 (22% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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