For saleSingle family
$279,000
1029 NW 1st Ave
Grand Rapids MN 55744
4 beds, 2.5 baths, 2,356 sqft
1029 NW 1st Ave is a 4 beds, 2.5 baths, 2,356 sqft single family home for sale at $279,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,850/mo and returns $893/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
- $2,850/mo
- Monthly cash flow
- $893/mo
- Cap rate
- 10.4%
- Cash-on-cash
- 19.2%
- Max offer
- $279,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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