For saleSingle family
$225,000
324 E White St
Ely MN 55731
5 beds, 1.5 baths, 1,506 sqft
324 E White St is a 5 beds, 1.5 baths, 1,506 sqft single family home for sale at $225,000 in Ely MN 55731. At 20% down it rents for an estimated $2,225/mo and returns $647/mo a month at a 10.0% 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
- $2,225/mo
- Monthly cash flow
- $647/mo
- Cap rate
- 10.0%
- Cash-on-cash
- 17.3%
- Max offer
- $225,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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