For saleSingle family
$199,000
507 NW 16th Ave
Grand Rapids MN 55744
2 beds, 2 baths, 1,000 sqft
507 NW 16th Ave is a 2 beds, 2 baths, 1,000 sqft single family home for sale at $199,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $1,750/mo and returns $329/mo a month at a 8.7% 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
- $1,750/mo
- Monthly cash flow
- $329/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 9.9%
- Max offer
- $199,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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