For saleSingle family
$300,000
823 Creechville Rd
Grand Marais MN 55604
3 beds, 2 baths, 1,456 sqft
823 Creechville Rd is a 3 beds, 2 baths, 1,456 sqft single family home for sale at $300,000 in Grand Marais MN 55604. At 20% down it rents for an estimated $1,400/mo and returns -$742/mo a month at a 3.7% 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
- $1,400/mo
- Monthly cash flow
- -$742/mo
- Cap rate
- 3.7%
- Cash-on-cash
- -14.8%
- Max offer
- $166,000
Offer ≤ $166,000 (45% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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