For saleSingle family
$89,000
624 Park Ave
Eveleth MN 55734
3 beds, 2.5 baths, 1,116 sqft
624 Park Ave is a 3 beds, 2.5 baths, 1,116 sqft single family home for sale at $89,000 in Eveleth MN 55734. At 20% down it rents for an estimated $950/mo and returns $315/mo a month at a 10.9% 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
- $950/mo
- Monthly cash flow
- $315/mo
- Cap rate
- 10.9%
- Cash-on-cash
- 21.2%
- Max offer
- $89,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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