For saleSingle family
$214,900
309 S Pokegama Ave
Grand Rapids MN 55744
2 beds, 1.5 baths, 1,986 sqft
309 S Pokegama Ave is a 2 beds, 1.5 baths, 1,986 sqft single family home for sale at $214,900 in Grand Rapids MN 55744. At 20% down it rents for an estimated $1,750/mo and returns $216/mo a month at a 7.9% 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
- $1,750/mo
- Monthly cash flow
- $216/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.0%
- Max offer
- $206,500
Offer ≤ $206,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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