For saleSingle family
$355,000
8741 Griggs Ave
Circle Pines MN 55014
4 beds, 2 baths, 1,877 sqft
8741 Griggs Ave is a 4 beds, 2 baths, 1,877 sqft single family home for sale at $355,000 in Circle Pines MN 55014. At 20% down it rents for an estimated $2,675/mo and returns $141/mo a month at a 7.1% 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
- $2,675/mo
- Monthly cash flow
- $141/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.4%
- Max offer
- $316,000
Offer ≤ $316,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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