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 $3,450/mo and returns $652/mo a month at a 8.5% 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
- $3,450/mo
- Monthly cash flow
- $652/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 9.8%
- Max offer
- $399,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.