For saleSingle family
$169,000
608 NE 3rd Ave
Grand Rapids MN 55744
2 beds, 1 bath, 1,008 sqft
608 NE 3rd Ave is a 2 beds, 1 bath, 1,008 sqft single family home for sale at $169,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $1,750/mo and returns $544/mo a month at a 10.5% 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
- $1,750/mo
- Monthly cash flow
- $544/mo
- Cap rate
- 10.5%
- Cash-on-cash
- 19.3%
- Max offer
- $169,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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