For saleSingle family

$270,000

1904 Audrey Ave

Red Wing MN 55066

3 beds, 2 baths, 1,559 sqft

1904 Audrey Ave is a 3 beds, 2 baths, 1,559 sqft single family home for sale at $270,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,925/mo and returns $31/mo a month at a 6.7% 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
$1,925/mo
Monthly cash flow
$31/mo
Cap rate
6.7%
Cash-on-cash
0.7%
Max offer
$230,500

Offer ≤ $230,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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