For saleTownhouse
$225,000
2114 SW 3rd Ave
Grand Rapids MN 55744
3 beds, 3 baths, 1,740 sqft
2114 SW 3rd Ave is a 3 beds, 3 baths, 1,740 sqft townhouse home for sale at $225,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,100/mo and returns $247/mo a month at a 8.0% 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
- $2,100/mo
- Monthly cash flow
- $247/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.6%
- Max offer
- $218,000
Offer ≤ $218,000 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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