For saleTownhouse
$539,000
14A Terrace Point Rd Unit A
Grand Marais MN 55604
1 bed, 1 bath, 784 sqft
14A Terrace Point Rd Unit A is a 1 bed, 1 bath, 784 sqft townhouse home for sale at $539,000 in Grand Marais MN 55604. At 20% down it rents for an estimated $1,150/mo and returns -$2,957/mo a month at a 0.1% 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
- $1,150/mo
- Monthly cash flow
- -$2,957/mo
- Cap rate
- 0.1%
- Cash-on-cash
- -32.9%
- Max offer
- $82,500
Offer ≤ $82,500 (85% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading