For saleSingle family
$179,000
609 NE 5th Ave
Grand Rapids MN 55744
1 bed, 1 bath, 600 sqft
609 NE 5th Ave is a 1 bed, 1 bath, 600 sqft single family home for sale at $179,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $1,500/mo and returns $222/mo a month at a 8.2% 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
- $1,500/mo
- Monthly cash flow
- $222/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.4%
- Max offer
- $177,000
Offer ≤ $177,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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