For saleSingle family
$99,000
729 NW 3rd Ave
Grand Rapids MN 55744
1 bed, 0.5 baths, 360 sqft
729 NW 3rd Ave is a 1 bed, 0.5 baths, 360 sqft single family home for sale at $99,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $900/mo and returns $206/mo a month at a 9.0% 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
- $900/mo
- Monthly cash flow
- $206/mo
- Cap rate
- 9.0%
- Cash-on-cash
- 12.5%
- Max offer
- $99,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.