For saleMulti-family
$198,500
218 N 1st Ave E
Ely MN 55731
2 beds, 2 baths, 1,636 sqft
218 N 1st Ave E is a 2 beds, 2 baths, 1,636 sqft multi-family home for sale at $198,500 in Ely MN 55731. At 20% down it rents for an estimated $1,750/mo and returns $358/mo a month at a 8.7% 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
- $1,750/mo
- Monthly cash flow
- $358/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.8%
- Max offer
- $198,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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