For saleSingle family
$152,500
24 N Pioneer Rd
Ely MN 55731
4 beds, 1 bath, 1,011 sqft
24 N Pioneer Rd is a 4 beds, 1 bath, 1,011 sqft single family home for sale at $152,500 in Ely MN 55731. At 20% down it rents for an estimated $2,025/mo and returns $955/mo a month at a 14.0% 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
- $2,025/mo
- Monthly cash flow
- $955/mo
- Cap rate
- 14.0%
- Cash-on-cash
- 37.6%
- Max offer
- $152,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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