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 $1,800/mo and returns $489/mo a month at a 9.7% 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
- $1,800/mo
- Monthly cash flow
- $489/mo
- Cap rate
- 9.7%
- Cash-on-cash
- 15.7%
- Max offer
- $186,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.