For saleSingle family
$399,000
1005 Horseshoe Lake Rd
Grand Rapids MN 55744
6 beds, 3.5 baths, 3,580 sqft
1005 Horseshoe Lake Rd is a 6 beds, 3.5 baths, 3,580 sqft single family home for sale at $399,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $3,100/mo and returns $252/mo a month at a 7.4% 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
- $3,100/mo
- Monthly cash flow
- $252/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.8%
- Max offer
- $366,000
Offer ≤ $366,000 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading