For saleSingle family
$186,900
523 NW 6th Ave
Grand Rapids MN 55744
3 beds, 1 bath, 1,007 sqft
523 NW 6th Ave is a 3 beds, 1 bath, 1,007 sqft single family home for sale at $186,900 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,100/mo and returns $766/mo a month at a 11.6% 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
- $2,100/mo
- Monthly cash flow
- $766/mo
- Cap rate
- 11.6%
- Cash-on-cash
- 24.6%
- Max offer
- $186,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading