For saleSingle family
$649,000
980 SW 22nd Ave
Grand Rapids MN 55744
3 beds, 2 baths, 2,272 sqft
980 SW 22nd Ave is a 3 beds, 2 baths, 2,272 sqft single family home for sale at $649,000 in Grand Rapids MN 55744. At 20% down it rents for an estimated $2,100/mo and returns -$2,533/mo a month at a 2.0% 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
- -$2,533/mo
- Cap rate
- 2.0%
- Cash-on-cash
- -23.4%
- Max offer
- $250,000
Offer ≤ $250,000 (61% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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