For saleSingle family

$159,000

624 Jones St

Eveleth MN 55734

4 beds, 1 bath, 2,389 sqft

624 Jones St is a 4 beds, 1 bath, 2,389 sqft single family home for sale at $159,000 in Eveleth MN 55734. At 20% down it rents for an estimated $1,225/mo and returns $110/mo a month at a 7.3% 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
$1,225/mo
Monthly cash flow
$110/mo
Cap rate
7.3%
Cash-on-cash
4.1%
Max offer
$146,500

Offer ≤ $146,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.

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