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 $1,500/mo and returns $793/mo a month at a 16.3% 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
- $1,500/mo
- Monthly cash flow
- $793/mo
- Cap rate
- 16.3%
- Cash-on-cash
- 48.1%
- Max offer
- $99,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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