For saleSingle family

$159,900

220 Garfield St

Eveleth MN 55734

3 beds, 1 bath, 770 sqft

220 Garfield St is a 3 beds, 1 bath, 770 sqft single family home for sale at $159,900 in Eveleth MN 55734. At 20% down it rents for an estimated $1,175/mo and returns $54/mo a month at a 6.9% 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
$1,175/mo
Monthly cash flow
$54/mo
Cap rate
6.9%
Cash-on-cash
2.0%
Max offer
$140,500

Offer ≤ $140,500 (12% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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