For saleCondo
$167,850
125 Kingswood Dr Apt 1G
Red Wing MN 55066
2 beds, 1 bath, 999 sqft
125 Kingswood Dr Apt 1G is a 2 beds, 1 bath, 999 sqft condo home for sale at $167,850 in Red Wing MN 55066. At 20% down it rents for an estimated $1,500/mo and returns $174/mo a month at a 7.9% 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
- $174/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.2%
- Max offer
- $161,500
Offer ≤ $161,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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