For saleSingle family
$129,000
4171 State Highway 38
Grand Rapids MN 55744
2 beds, 1 bath, 924 sqft
4171 State Highway 38 is a 2 beds, 1 bath, 924 sqft single family home for sale at $129,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $1,750/mo and returns $829/mo a month at a 14.4% 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
- $1,750/mo
- Monthly cash flow
- $829/mo
- Cap rate
- 14.4%
- Cash-on-cash
- 38.6%
- Max offer
- $129,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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