For saleSingle family
$99,000
724 Summit St
Eveleth MN 55734
2 beds, 1 bath, 1,132 sqft
724 Summit St is a 2 beds, 1 bath, 1,132 sqft single family home for sale at $99,000 in Eveleth MN 55734. At 20% down it rents for an estimated $1,050/mo and returns $356/mo a month at a 10.8% 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
- $1,050/mo
- Monthly cash flow
- $356/mo
- Cap rate
- 10.8%
- Cash-on-cash
- 21.6%
- Max offer
- $99,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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