For saleSingle family
$219,900
502 NE 4th Ave
Grand Rapids MN 55744
3 beds, 1.5 baths, 1,591 sqft
502 NE 4th Ave is a 3 beds, 1.5 baths, 1,591 sqft single family home for sale at $219,900 in Grand Rapids MN 55744. At 20% down it rents for an estimated $1,800/mo and returns $258/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
- $1,800/mo
- Monthly cash flow
- $258/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 7.0%
- Max offer
- $215,500
Offer ≤ $215,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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