For saleSingle family
$219,900
118 SE 3rd Ave
Grand Rapids MN 55744
4 beds, 1.5 baths, 1,188 sqft
118 SE 3rd Ave is a 4 beds, 1.5 baths, 1,188 sqft single family home for sale at $219,900 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,850/mo and returns $1,308/mo a month at a 13.7% 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
- $2,850/mo
- Monthly cash flow
- $1,308/mo
- Cap rate
- 13.7%
- Cash-on-cash
- 35.7%
- Max offer
- $219,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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