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 $2,100/mo and returns $530/mo a month at a 9.6% 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
- $530/mo
- Cap rate
- 9.6%
- Cash-on-cash
- 14.5%
- Max offer
- $219,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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