For saleSingle family
$124,900
722 Summit St
Eveleth MN 55734
3 beds, 1.5 baths, 1,124 sqft
722 Summit St is a 3 beds, 1.5 baths, 1,124 sqft single family home for sale at $124,900 in Eveleth MN 55734. At 20% down it rents for an estimated $1,175/mo and returns $299/mo a month at a 9.4% 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
- $299/mo
- Cap rate
- 9.4%
- Cash-on-cash
- 14.4%
- Max offer
- $124,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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