For saleSingle family
$699,000
34351 Sipe Rd
Grand Rapids MN 55744
3 beds, 3 baths, 1,764 sqft
34351 Sipe Rd is a 3 beds, 3 baths, 1,764 sqft single family home for sale at $699,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,100/mo and returns -$2,890/mo a month at a 1.7% 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
- $2,100/mo
- Monthly cash flow
- -$2,890/mo
- Cap rate
- 1.7%
- Cash-on-cash
- -24.8%
- Max offer
- $250,500
Offer ≤ $250,500 (64% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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