For saleSingle family
$225,000
109 Sobanja Ln
Grand Marais MN 55604
360 sqft
109 Sobanja Ln is a 360 sqft single family home for sale at $225,000 in Grand Marais MN 55604. At 20% down it rents for an estimated $1,025/mo and returns -$581/mo a month at a 3.6% 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
- $1,025/mo
- Monthly cash flow
- -$581/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.5%
- Max offer
- $121,500
Offer ≤ $121,500 (46% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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