For saleSingle family
$69,000
703 NW 3rd Ave
Grand Rapids MN 55744
3 beds, 2 baths, 1,216 sqft
703 NW 3rd Ave is a 3 beds, 2 baths, 1,216 sqft single family home for sale at $69,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $1,800/mo and returns $1,316/mo a month at a 29.4% 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
- $1,800/mo
- Monthly cash flow
- $1,316/mo
- Cap rate
- 29.4%
- Cash-on-cash
- 114.4%
- Max offer
- $69,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.