For saleSingle family
$19,900
5746 Mesabi Ave
Mount Iron MN 55768
1 bed, 1 bath, 596 sqft
5746 Mesabi Ave is a 1 bed, 1 bath, 596 sqft single family home for sale at $19,900 in Mount Iron MN 55768. At 20% down it rents for an estimated $875/mo and returns $733/mo a month at a 50.9% 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
- $875/mo
- Monthly cash flow
- $733/mo
- Cap rate
- 50.9%
- Cash-on-cash
- 221.0%
- Max offer
- $19,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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