For saleCondo
$180,000
1828 Perlich Ave Apt 2G
Red Wing MN 55066
2 beds, 1 bath, 972 sqft
1828 Perlich Ave Apt 2G is a 2 beds, 1 bath, 972 sqft condo home for sale at $180,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,500/mo and returns $88/mo a month at a 7.2% 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
- $1,500/mo
- Monthly cash flow
- $88/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.9%
- Max offer
- $161,000
Offer ≤ $161,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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