For saleSingle family
$650,000
120 NE 14th St
Grand Rapids MN 55744
6 beds, 5 baths, 4,531 sqft
120 NE 14th St is a 6 beds, 5 baths, 4,531 sqft single family home for sale at $650,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $3,100/mo and returns -$1,540/mo a month at a 3.8% 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
- $3,100/mo
- Monthly cash flow
- -$1,540/mo
- Cap rate
- 3.8%
- Cash-on-cash
- -14.2%
- Max offer
- $367,500
Offer ≤ $367,500 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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