For saleSingle family
$170,000
1530 N 20th Ave E
Ely MN 55731
3 beds, 1 bath, 1,373 sqft
1530 N 20th Ave E is a 3 beds, 1 bath, 1,373 sqft single family home for sale at $170,000 in Ely MN 55731. At 20% down it rents for an estimated $1,225/mo and returns $33/mo a month at a 6.7% 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
- $33/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 1.2%
- Max offer
- $146,500
Offer ≤ $146,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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