For saleSingle family
$185,000
628 E Sheridan St
Ely MN 55731
4 beds, 1 bath, 1,456 sqft
628 E Sheridan St is a 4 beds, 1 bath, 1,456 sqft single family home for sale at $185,000 in Ely MN 55731. At 20% down it rents for an estimated $2,025/mo and returns $727/mo a month at a 11.2% 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
- $2,025/mo
- Monthly cash flow
- $727/mo
- Cap rate
- 11.2%
- Cash-on-cash
- 23.6%
- Max offer
- $185,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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