For saleSingle family
$329,999
298 Ely St NE
Fridley MN 55432
4 beds, 2 baths, 1,544 sqft
298 Ely St NE is a 4 beds, 2 baths, 1,544 sqft single family home for sale at $329,999 in Fridley MN 55432. At 20% down it rents for an estimated $2,550/mo and returns $194/mo a month at a 7.4% 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
- $2,550/mo
- Monthly cash flow
- $194/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 3.5%
- Max offer
- $301,000
Offer ≤ $301,000 (9% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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