For saleSingle family
$174,900
515 NE 6th St
Grand Rapids MN 55744
3 beds, 2 baths, 1,097 sqft
515 NE 6th St is a 3 beds, 2 baths, 1,097 sqft single family home for sale at $174,900 in Grand Rapids MN 55744. At 20% down it rents for an estimated $1,800/mo and returns $573/mo a month at a 10.4% 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
- $1,800/mo
- Monthly cash flow
- $573/mo
- Cap rate
- 10.4%
- Cash-on-cash
- 19.7%
- Max offer
- $174,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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