For saleSingle family
$200,000
601 SW 1st Ave
Grand Rapids MN 55744
3 beds, 2 baths, 2,470 sqft
601 SW 1st Ave is a 3 beds, 2 baths, 2,470 sqft single family home for sale at $200,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,100/mo and returns $672/mo a month at a 10.7% 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
- $2,100/mo
- Monthly cash flow
- $672/mo
- Cap rate
- 10.7%
- Cash-on-cash
- 20.2%
- Max offer
- $200,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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