For saleSingle family
$220,000
207 NE 7th St
Grand Rapids MN 55744
5 beds, 4 baths, 2,154 sqft
207 NE 7th St is a 5 beds, 4 baths, 2,154 sqft single family home for sale at $220,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,825/mo and returns $1,254/mo a month at a 13.5% 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
- $2,825/mo
- Monthly cash flow
- $1,254/mo
- Cap rate
- 13.5%
- Cash-on-cash
- 34.2%
- Max offer
- $220,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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