For saleSingle family
$117,000
31 E Harvey St
Ely MN 55731
3 beds, 1 bath, 918 sqft
31 E Harvey St is a 3 beds, 1 bath, 918 sqft single family home for sale at $117,000 in Ely MN 55731. At 20% down it rents for an estimated $1,675/mo and returns $854/mo a month at a 15.3% 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
- $1,675/mo
- Monthly cash flow
- $854/mo
- Cap rate
- 15.3%
- Cash-on-cash
- 43.8%
- Max offer
- $117,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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