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 $950/mo and returns -$191/mo a month at a 5.2% 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
- $950/mo
- Monthly cash flow
- -$191/mo
- Cap rate
- 5.2%
- Cash-on-cash
- -7.2%
- Max offer
- $112,000
Offer ≤ $112,000 (30% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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