For saleSingle family
$119,000
355 W Harvey St
Ely MN 55731
2 beds, 1.5 baths, 1,140 sqft
355 W Harvey St is a 2 beds, 1.5 baths, 1,140 sqft single family home for sale at $119,000 in Ely MN 55731. At 20% down it rents for an estimated $1,100/mo and returns $265/mo a month at a 9.2% 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
- $1,100/mo
- Monthly cash flow
- $265/mo
- Cap rate
- 9.2%
- Cash-on-cash
- 13.4%
- Max offer
- $119,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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