For saleSingle family
$155,000
140 2nd St N
Eveleth MN 55734
3 beds, 2 baths, 1,369 sqft
140 2nd St N is a 3 beds, 2 baths, 1,369 sqft single family home for sale at $155,000 in Eveleth MN 55734. At 20% down it rents for an estimated $950/mo and returns -$157/mo a month at a 5.5% 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
- $950/mo
- Monthly cash flow
- -$157/mo
- Cap rate
- 5.5%
- Cash-on-cash
- -6.1%
- Max offer
- $112,000
Offer ≤ $112,000 (28% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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