For saleMulti-family
$1,250,000
14 W 4th Ave
Grand Marais MN 55604
14 beds, 2 baths, 5,410 sqft
14 W 4th Ave is a 14 beds, 2 baths, 5,410 sqft multi-family home for sale at $1,250,000 in Grand Marais MN 55604. At 20% down it rents for an estimated $12,100/mo and returns $3,333/mo a month at a 9.7% 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
- $12,100/mo
- Monthly cash flow
- $3,333/mo
- Cap rate
- 9.7%
- Cash-on-cash
- 16.0%
- Max offer
- $1,250,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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