For saleSingle family
$135,000
121 E Pattison St
Ely MN 55731
2 beds, 1 bath, 821 sqft
121 E Pattison St is a 2 beds, 1 bath, 821 sqft single family home for sale at $135,000 in Ely MN 55731. At 20% down it rents for an estimated $1,100/mo and returns $153/mo a month at a 7.9% 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
- $1,100/mo
- Monthly cash flow
- $153/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.8%
- Max offer
- $131,500
Offer ≤ $131,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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