2773 Ridgeview Dr,Red Wing,MN,55066

Investment Highlights

Investment property for sale in Red Wing at 2773 Ridgeview Dr, Red Wing, MN, 55066 listed at $230,000 pairs $2,300/mo rent with a $1,126/mo payment to leave $864/mo cash flow. Total monthly income runs $2,300/mo, and annual cash flow reaches $10,362/yr on $76,245 cash to close. Return on cash invested measures 33.5% in year one, and rental yield registers 12% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 175.83% and total cumulative return in cash totals $134,059. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,300/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).