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Greater Minnesota › Grand Marais

Grand Marais

Greater Minnesota city. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

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Neighborhood profile

Listings we track
2
Median price per unit
$186K
Typical cash flow
−$1,096
median per month, 20% down
Rent rules
No cap
Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

−$527/mo cash flow
Overpriced · cap 3.9% · 20% down
$257,000
2 units2 bd1 ba1,210 sqft
420 W 5th Ave, Grand Marais
Rents: region-wide median
−$1,664/mo cash flow
Far off · cap 2.3% · 20% down
$489,000
2 units3 bd2 ba1,890 sqft
1038 W 3rd Ave, Grand Marais
Rents: region-wide median

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 420 W 5th Ave −$527/mo
  2. 1038 W 3rd Ave −$1,664/mo

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 420 W 5th Ave 0.78× stocks
  2. 1038 W 3rd Ave 0.46× stocks

Value-add

Under-rented, needs work, or room to negotiate.

  1. 420 W 5th Ave Long time on market: room to negotiate.
  2. 1038 W 3rd Ave Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

Nothing here right now.

All listings

2 listings. Filter by price or units, or switch the down payment.

  1. 420 W 5th Ave

    $257,000 · 2 units
    Overpriced
    Cash flow −$527/mo Cap 3.9% Break-even price $158K Yr 30 vs stocks 0.78× Positive in yr 21

  2. 1038 W 3rd Ave

    $489,000 · 2 units
    Far off
    Cash flow −$1,664/mo Cap 2.3% Break-even price $176K Yr 30 vs stocks 0.46× Positive in 30+ yrs

Monthly cash flow

−$2,000−$1,500−$1,000−$500$0break-even420 W 5th Ave−$5271038 W 3rd Ave−$1,664

What's changing

Nothing curated for this city yet.