For saleMulti-family
$274,900
420 W 5th Ave
Grand Marais MN 55604
2 beds, 2 baths, 1,210 sqft
420 W 5th Ave is a 2 beds, 2 baths, 1,210 sqft multi-family home for sale at $274,900 in Grand Marais MN 55604. At 20% down it rents for an estimated $2,950/mo and returns $1,022/mo a month at a 11.0% 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
- $2,950/mo
- Monthly cash flow
- $1,022/mo
- Cap rate
- 11.0%
- Cash-on-cash
- 22.3%
- Max offer
- $274,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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