For saleSingle family
$279,900
33438 Chippewa Dr
Grand Rapids MN 55744
3 beds, 2 baths, 1,368 sqft
33438 Chippewa Dr is a 3 beds, 2 baths, 1,368 sqft single family home for sale at $279,900 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,100/mo and returns $102/mo a month at a 7.1% 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
- $102/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.2%
- Max offer
- $248,000
Offer ≤ $248,000 (11% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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