For saleSingle family
$275,000
204 2nd St NE
Grand Meadow MN 55936
4 beds, 2.5 baths, 3,612 sqft
204 2nd St NE is a 4 beds, 2.5 baths, 3,612 sqft single family home for sale at $275,000 in Grand Meadow MN 55936. At 20% down it rents for an estimated $2,450/mo and returns $521/mo a month at a 8.8% 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
- $2,450/mo
- Monthly cash flow
- $521/mo
- Cap rate
- 8.8%
- Cash-on-cash
- 11.4%
- Max offer
- $275,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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