For saleCondo
$179,000
222 Bush St Unit 404
Red Wing MN 55066
1 bed, 1 bath, 493 sqft
222 Bush St Unit 404 is a 1 bed, 1 bath, 493 sqft condo home for sale at $179,000 in Red Wing MN 55066. At 20% down it rents for an estimated $1,325/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
- $1,325/mo
- Monthly cash flow
- $31/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.0%
- Max offer
- $152,500
Offer ≤ $152,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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