For saleSingle family
$377,500
307 NE 10th Street Cir
Grand Rapids MN 55744
4 beds, 2 baths, 2,250 sqft
307 NE 10th Street Cir is a 4 beds, 2 baths, 2,250 sqft single family home for sale at $377,500 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,850/mo and returns $202/mo a month at a 7.2% 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
- $2,850/mo
- Monthly cash flow
- $202/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 3.2%
- Max offer
- $341,500
Offer ≤ $341,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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