For saleSingle family
$224,850
1519 Central Park St
Red Wing MN 55066
3 beds, 2 baths, 2,296 sqft
1519 Central Park St is a 3 beds, 2 baths, 2,296 sqft single family home for sale at $224,850 in Red Wing MN 55066. At 20% down it rents for an estimated $1,850/mo and returns $245/mo a month at a 8.0% 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
- $1,850/mo
- Monthly cash flow
- $245/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.5%
- Max offer
- $218,000
Offer ≤ $218,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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