For saleSingle family
$399,000
512 Hale Lake Ln
Grand Rapids MN 55744
4 beds, 2.5 baths, 2,190 sqft
512 Hale Lake Ln is a 4 beds, 2.5 baths, 2,190 sqft single family home for sale at $399,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,850/mo and returns $52/mo a month at a 6.7% 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
- $52/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.8%
- Max offer
- $341,500
Offer ≤ $341,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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