For saleSingle family
$324,900
811 NW 1st Ave
Grand Rapids MN 55744
4 beds, 2 baths, 2,000 sqft
811 NW 1st Ave is a 4 beds, 2 baths, 2,000 sqft single family home for sale at $324,900 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,550/mo and returns $231/mo a month at a 7.5% 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
- $2,550/mo
- Monthly cash flow
- $231/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.3%
- Max offer
- $301,000
Offer ≤ $301,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading