For saleSingle family
$229,000
805 Willow Ln
Grand Rapids MN 55744
2 beds, 1 bath, 1,620 sqft
805 Willow Ln is a 2 beds, 1 bath, 1,620 sqft single family home for sale at $229,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $1,750/mo and returns $115/mo a month at a 7.3% 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
- $115/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.0%
- Max offer
- $206,500
Offer ≤ $206,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading