For saleSingle family
$259,000
1403 SW 1st Ave
Grand Rapids MN 55744
3 beds, 1.5 baths, 1,698 sqft
1403 SW 1st Ave is a 3 beds, 1.5 baths, 1,698 sqft single family home for sale at $259,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,100/mo and returns $251/mo a month at a 7.8% 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
- $2,100/mo
- Monthly cash flow
- $251/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.8%
- Max offer
- $247,500
Offer ≤ $247,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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