For saleSingle family
$104,900
228 E White St
Ely MN 55731
1 bed, 1 bath, 693 sqft
228 E White St is a 1 bed, 1 bath, 693 sqft single family home for sale at $104,900 in Ely MN 55731. At 20% down it rents for an estimated $975/mo and returns $239/mo a month at a 9.3% 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
- $975/mo
- Monthly cash flow
- $239/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.7%
- Max offer
- $104,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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