For saleSingle family
$299,000
346 County Road 48
Grand Marais MN 55604
5 beds, 2 baths, 1,908 sqft
346 County Road 48 is a 5 beds, 2 baths, 1,908 sqft single family home for sale at $299,000 in Grand Marais MN 55604. At 20% down it rents for an estimated $1,450/mo and returns -$684/mo a month at a 3.9% 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
- $1,450/mo
- Monthly cash flow
- -$684/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -13.7%
- Max offer
- $171,500
Offer ≤ $171,500 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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