For saleSingle family
$299,999
107 S Elba Ave
Eveleth MN 55734
3 beds, 2 baths, 2,172 sqft
107 S Elba Ave is a 3 beds, 2 baths, 2,172 sqft single family home for sale at $299,999 in Eveleth MN 55734. At 20% down it rents for an estimated $950/mo and returns -$1,192/mo a month at a 1.9% 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
- -$1,192/mo
- Cap rate
- 1.9%
- Cash-on-cash
- -23.8%
- Max offer
- $113,000
Offer ≤ $113,000 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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