For saleSingle family
$230,000
404 2nd St S
Grove City MN 56243
4 beds, 1 bath, 1,768 sqft
404 2nd St S is a 4 beds, 1 bath, 1,768 sqft single family home for sale at $230,000 in Grove City MN 56243. At 20% down it rents for an estimated $2,700/mo and returns $1,087/mo a month at a 12.2% 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
- $2,700/mo
- Monthly cash flow
- $1,087/mo
- Cap rate
- 12.2%
- Cash-on-cash
- 28.4%
- Max offer
- $230,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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