For saleSingle family
$120,900
514 Douglas Ave
Eveleth MN 55734
2 beds, 1 bath, 1,100 sqft
514 Douglas Ave is a 2 beds, 1 bath, 1,100 sqft single family home for sale at $120,900 in Eveleth MN 55734. At 20% down it rents for an estimated $975/mo and returns $112/mo a month at a 7.8% 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
- $975/mo
- Monthly cash flow
- $112/mo
- Cap rate
- 7.8%
- Cash-on-cash
- 5.6%
- Max offer
- $115,000
Offer ≤ $115,000 (5% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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