For saleSingle family
$239,000
1619 Horseshoe Lake Rd
Grand Rapids MN 55744
3 beds, 1 bath, 1,052 sqft
1619 Horseshoe Lake Rd is a 3 beds, 1 bath, 1,052 sqft single family home for sale at $239,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,100/mo and returns $394/mo a month at a 8.6% 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
- $394/mo
- Cap rate
- 8.6%
- Cash-on-cash
- 9.9%
- Max offer
- $239,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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