For saleSingle family
$499,000
3065 River Rd
Grand Rapids MN 55744
3 beds, 3 baths, 5,640 sqft
3065 River Rd is a 3 beds, 3 baths, 5,640 sqft single family home for sale at $499,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,100/mo and returns -$1,462/mo a month at a 3.2% 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
- -$1,462/mo
- Cap rate
- 3.2%
- Cash-on-cash
- -17.6%
- Max offer
- $249,500
Offer ≤ $249,500 (50% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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