For saleSingle family
$447,000
419 2nd Ave W
Grand Marais MN 55604
4 beds, 2 baths, 1,535 sqft
419 2nd Ave W is a 4 beds, 2 baths, 1,535 sqft single family home for sale at $447,000 in Grand Marais MN 55604. At 20% down it rents for an estimated $1,450/mo and returns -$1,741/mo a month at a 2.0% 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
- -$1,741/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.4%
- Max offer
- $172,500
Offer ≤ $172,500 (61% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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