For saleSingle family
$338,500
920 Groveland Ave
Crookston MN 56716
4 beds, 3 baths, 3,152 sqft
920 Groveland Ave is a 4 beds, 3 baths, 3,152 sqft single family home for sale at $338,500 in Crookston MN 56716. At 20% down it rents for an estimated $1,000/mo and returns -$1,416/mo a month at a 1.6% 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
- $1,000/mo
- Monthly cash flow
- -$1,416/mo
- Cap rate
- 1.6%
- Cash-on-cash
- -25.1%
- Max offer
- $119,000
Offer ≤ $119,000 (65% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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