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 $2,750/mo and returns $436/mo a month at a 8.1% 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
$2,750/mo
Monthly cash flow
$436/mo
Cap rate
8.1%
Cash-on-cash
7.9%
Max offer
$329,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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