For saleSingle family
$399,000
323 NW 11th St
Grand Rapids MN 55744
5 beds, 2.5 baths, 3,316 sqft
323 NW 11th St is a 5 beds, 2.5 baths, 3,316 sqft single family home for sale at $399,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $3,150/mo and returns $352/mo a month at a 7.6% 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
- $3,150/mo
- Monthly cash flow
- $352/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 5.3%
- Max offer
- $377,000
Offer ≤ $377,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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