For saleSingle family
$330,000
1416 Phelps St
Red Wing MN 55066
4 beds, 2 baths, 2,598 sqft
1416 Phelps St is a 4 beds, 2 baths, 2,598 sqft single family home for sale at $330,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,825/mo and returns -$531/mo a month at a 4.7% 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
- $1,825/mo
- Monthly cash flow
- -$531/mo
- Cap rate
- 4.7%
- Cash-on-cash
- -9.7%
- Max offer
- $216,000
Offer ≤ $216,000 (35% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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