For saleSingle family

$38,000

712 Adams Ave

Eveleth MN 55734

3 beds, 1 bath, 942 sqft

712 Adams Ave is a 3 beds, 1 bath, 942 sqft single family home for sale at $38,000 in Eveleth MN 55734. At 20% down it rents for an estimated $1,175/mo and returns $908/mo a month at a 35.2% 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
$1,175/mo
Monthly cash flow
$908/mo
Cap rate
35.2%
Cash-on-cash
143.4%
Max offer
$38,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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