205 Fayal Rd
Duplex · 2 units: 2 bed / 1 bath and 3 bed / 1 bath · 1,650 sq ft
Eveleth, MN · View the listing ↗
Photos, via Realtor.com.
- Asking price
- $99,900 2 units · $50K per unit
- Monthly cash flow
- $670 at 20% down, 7%
- Estimated rent
- $2,350/mo high confidence
- Break-even price
- $225,811 where cash flow hits $0
First look
At $99,900 for a 1900 duplex in Eveleth, our numbers show about $670/month cash flow and a 14.4% cap rate at the ask. That only holds if the rents are real, and the listing gives none. It says 'fully rented' but no rents, lease terms, or utility split. The photos show old kitchens, radiator heat, and an attic-style upper unit with a sloped ceiling. Seven months on market at this price is a warning. Get the rent roll, leases, heating costs and tax bill first. Then decide on a showing, with the foundation, roof and boiler inspected before you offer.
Things to consider
- Income is unverified The cap rate and cash flow rely on our rent estimates, not actual rents. If tenants pay less, the deal weakens quickly.Listing says: “fully rented and looking for its new owner”
- Heat and utility costs unknown Radiator heat often means one boiler and an owner-paid gas bill. That could cut cash flow noticeably.From photo 10
- Low price signals hidden condition issues Under $100K and 221 days on market often means deferred maintenance on the roof, foundation or systems. Budget reserves before trusting the yield.
- Taxes and unit count unverified We couldn't match a county parcel, so tax, legal unit count and rental licensing need to be confirmed.
- Garage unit is upside, not income Converting space over a garage costs money and needs permits. Value it at zero until the city confirms it is allowed.Listing says: “Above the garage you can add a third unit for extra income.”
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Condition and repairs
- doneA few updates in each unit (unspecified)Listing says: There has been a few updates in each unit.
AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.
The numbers
Edit rents, costs and assumptions
Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).
The deal
- Price
- $99,900
- Cash to close
- $12,987
- Price per unit
- $49,950
- GRM
- 3.5
Each month
- Cash flow
- $547/mo
- Cash-on-cash
- 50.6%
- Cap rate
- 14.4%
- DSCR
- 1.84×
Break-even
- Price that breaks even
- $183,484
- Rent that breaks even
- $1,639/mo
Long run
- Year 30: property vs stocks
- $1.35M vs $99K
- Cash flow turns positive
- year 1
The deal
- Price
- $99,900
- Cash to close
- $12,987
- Price per unit
- $49,950
- GRM
- 3.5
Each month
- Cash flow
- $349/mo
- Cash-on-cash
- 32.2%
- Cap rate
- 12.0%
- DSCR
- 1.53×
Break-even
- Price that breaks even
- $153,133
- Rent that breaks even
- $1,841/mo
Long run
- Year 30: property vs stocks
- $1.04M vs $99K
- Cash flow turns positive
- year 1
The deal
- Price
- $89,900
- Cash to close
- $11,687
- Price per unit
- $44,950
- GRM
- 3.2
Each month
- Cash flow
- $613/mo
- Cash-on-cash
- 62.9%
- Cap rate
- 16.0%
- DSCR
- 2.04×
Break-even
- Price that breaks even
- $183,484
- Rent that breaks even
- $1,554/mo
Long run
- Year 30: property vs stocks
- $1.39M vs $89K
- Cash flow turns positive
- year 1
The deal
- Price
- $89,900
- Cash to close
- $11,687
- Price per unit
- $44,950
- GRM
- 3.2
Each month
- Cash flow
- $414/mo
- Cash-on-cash
- 42.5%
- Cap rate
- 13.4%
- DSCR
- 1.70×
Break-even
- Price that breaks even
- $153,133
- Rent that breaks even
- $1,746/mo
Long run
- Year 30: property vs stocks
- $1.08M vs $89K
- Cash flow turns positive
- year 1
The deal
- Price
- $99,900
- Cash to close
- $22,977
- Price per unit
- $49,950
- GRM
- 3.5
Each month
- Cash flow
- $670/mo
- Cash-on-cash
- 35.0%
- Cap rate
- 14.4%
- DSCR
- 2.26×
Break-even
- Price that breaks even
- $225,811
- Rent that breaks even
- $1,480/mo
Long run
- Year 30: property vs stocks
- $1.44M vs $175K
- Cash flow turns positive
- year 1
The deal
- Price
- $99,900
- Cash to close
- $22,977
- Price per unit
- $49,950
- GRM
- 3.5
Each month
- Cash flow
- $471/mo
- Cash-on-cash
- 24.6%
- Cap rate
- 12.0%
- DSCR
- 1.89×
Break-even
- Price that breaks even
- $188,458
- Rent that breaks even
- $1,662/mo
Long run
- Year 30: property vs stocks
- $1.13M vs $175K
- Cash flow turns positive
- year 1
The deal
- Price
- $89,900
- Cash to close
- $20,677
- Price per unit
- $44,950
- GRM
- 3.2
Each month
- Cash flow
- $723/mo
- Cash-on-cash
- 42.0%
- Cap rate
- 16.0%
- DSCR
- 2.51×
Break-even
- Price that breaks even
- $225,811
- Rent that breaks even
- $1,411/mo
Long run
- Year 30: property vs stocks
- $1.48M vs $157K
- Cash flow turns positive
- year 1
The deal
- Price
- $89,900
- Cash to close
- $20,677
- Price per unit
- $44,950
- GRM
- 3.2
Each month
- Cash flow
- $525/mo
- Cash-on-cash
- 30.4%
- Cap rate
- 13.4%
- DSCR
- 2.10×
Break-even
- Price that breaks even
- $188,458
- Rent that breaks even
- $1,585/mo
Long run
- Year 30: property vs stocks
- $1.17M vs $157K
- Cash flow turns positive
- year 1
The deal
- Price
- $99,900
- Cash to close
- $27,972
- Price per unit
- $49,950
- GRM
- 3.5
Each month
- Cash flow
- $703/mo
- Cash-on-cash
- 30.2%
- Cap rate
- 14.4%
- DSCR
- 2.41×
Break-even
- Price that breaks even
- $240,865
- Rent that breaks even
- $1,437/mo
Long run
- Year 30: property vs stocks
- $1.48M vs $213K
- Cash flow turns positive
- year 1
The deal
- Price
- $99,900
- Cash to close
- $27,972
- Price per unit
- $49,950
- GRM
- 3.5
Each month
- Cash flow
- $505/mo
- Cash-on-cash
- 21.6%
- Cap rate
- 12.0%
- DSCR
- 2.01×
Break-even
- Price that breaks even
- $201,022
- Rent that breaks even
- $1,614/mo
Long run
- Year 30: property vs stocks
- $1.17M vs $213K
- Cash flow turns positive
- year 1
The deal
- Price
- $89,900
- Cash to close
- $25,172
- Price per unit
- $44,950
- GRM
- 3.2
Each month
- Cash flow
- $753/mo
- Cash-on-cash
- 35.9%
- Cap rate
- 16.0%
- DSCR
- 2.68×
Break-even
- Price that breaks even
- $240,865
- Rent that breaks even
- $1,372/mo
Long run
- Year 30: property vs stocks
- $1.51M vs $192K
- Cash flow turns positive
- year 1
The deal
- Price
- $89,900
- Cash to close
- $25,172
- Price per unit
- $44,950
- GRM
- 3.2
Each month
- Cash flow
- $554/mo
- Cash-on-cash
- 26.4%
- Cap rate
- 13.4%
- DSCR
- 2.24×
Break-even
- Price that breaks even
- $201,022
- Rent that breaks even
- $1,541/mo
Long run
- Year 30: property vs stocks
- $1.20M vs $192K
- Cash flow turns positive
- year 1
Monthly
Monthly breakdown
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Net operating income | $1,202 |
| Mortgage (principal + interest) | −$598 |
| PMI | −$56 |
| Cash flow | $547 |
| Principal paid down (equity, not cash) | $76 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Property management | −$199 |
| Net operating income | $1,003 |
| Mortgage (principal + interest) | −$598 |
| PMI | −$56 |
| Cash flow | $349 |
| Principal paid down (equity, not cash) | $76 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Net operating income | $1,202 |
| Mortgage (principal + interest) | −$538 |
| PMI | −$51 |
| Cash flow | $613 |
| Principal paid down (equity, not cash) | $68 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Property management | −$199 |
| Net operating income | $1,003 |
| Mortgage (principal + interest) | −$538 |
| PMI | −$51 |
| Cash flow | $414 |
| Principal paid down (equity, not cash) | $68 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Net operating income | $1,202 |
| Mortgage (principal + interest) | −$532 |
| Cash flow | $670 |
| Principal paid down (equity, not cash) | $68 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Property management | −$199 |
| Net operating income | $1,003 |
| Mortgage (principal + interest) | −$532 |
| Cash flow | $471 |
| Principal paid down (equity, not cash) | $68 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Net operating income | $1,202 |
| Mortgage (principal + interest) | −$478 |
| Cash flow | $723 |
| Principal paid down (equity, not cash) | $61 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Property management | −$199 |
| Net operating income | $1,003 |
| Mortgage (principal + interest) | −$478 |
| Cash flow | $525 |
| Principal paid down (equity, not cash) | $61 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Net operating income | $1,202 |
| Mortgage (principal + interest) | −$498 |
| Cash flow | $703 |
| Principal paid down (equity, not cash) | $63 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Property management | −$199 |
| Net operating income | $1,003 |
| Mortgage (principal + interest) | −$498 |
| Cash flow | $505 |
| Principal paid down (equity, not cash) | $63 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Net operating income | $1,202 |
| Mortgage (principal + interest) | −$449 |
| Cash flow | $753 |
| Principal paid down (equity, not cash) | $57 |
| Rent | $2,350 |
| Vacancy (6%) | −$141 |
| Collected | $2,209 |
| Property tax Estimate | −$175 |
| Insurance Estimate | −$203 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$188 |
| Capital reserve (9% of rent) | −$212 |
| Property management | −$199 |
| Net operating income | $1,003 |
| Mortgage (principal + interest) | −$449 |
| Cash flow | $554 |
| Principal paid down (equity, not cash) | $57 |
Cash flow each year
Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.
30 years
How those totals add up
- Your equity when you sell
- $227,935
- Rental profits, invested at 7%
- $1,118,103
Sells for $242,484 (value up 3% a year), minus 6% selling cost ($14,549). Rent paid down $89,910 of loan.
$438,598 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $98,860
$12,987 put into an index fund instead of the down payment and closing costs.
The building comes out $1,247,178 ahead after 30 years.
- Your equity when you sell
- $227,935
- Rental profits, invested at 7%
- $808,855
Sells for $242,484 (value up 3% a year), minus 6% selling cost ($14,549). Rent paid down $89,910 of loan.
$325,097 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $98,860
$12,987 put into an index fund instead of the down payment and closing costs.
The building comes out $937,929 ahead after 30 years.
- Your equity when you sell
- $205,118
- Rental profits, invested at 7%
- $1,187,717
Sells for $218,211 (value up 3% a year), minus 6% selling cost ($13,093). Rent paid down $80,910 of loan.
$460,424 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $88,964
$11,687 put into an index fund instead of the down payment and closing costs.
The building comes out $1,303,871 ahead after 30 years.
- Your equity when you sell
- $205,118
- Rental profits, invested at 7%
- $878,468
Sells for $218,211 (value up 3% a year), minus 6% selling cost ($13,093). Rent paid down $80,910 of loan.
$346,923 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $88,964
$11,687 put into an index fund instead of the down payment and closing costs.
The building comes out $994,622 ahead after 30 years.
- Your equity when you sell
- $227,935
- Rental profits, invested at 7%
- $1,210,829
Sells for $242,484 (value up 3% a year), minus 6% selling cost ($14,549). Rent paid down $79,920 of loan.
$465,223 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $174,907
$22,977 put into an index fund instead of the down payment and closing costs.
The building comes out $1,263,857 ahead after 30 years.
- Your equity when you sell
- $227,935
- Rental profits, invested at 7%
- $901,581
Sells for $242,484 (value up 3% a year), minus 6% selling cost ($14,549). Rent paid down $79,920 of loan.
$351,721 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $174,907
$22,977 put into an index fund instead of the down payment and closing costs.
The building comes out $954,608 ahead after 30 years.
- Your equity when you sell
- $205,118
- Rental profits, invested at 7%
- $1,271,160
Sells for $218,211 (value up 3% a year), minus 6% selling cost ($13,093). Rent paid down $71,920 of loan.
$484,383 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $157,399
$20,677 put into an index fund instead of the down payment and closing costs.
The building comes out $1,318,880 ahead after 30 years.
- Your equity when you sell
- $205,118
- Rental profits, invested at 7%
- $961,912
Sells for $218,211 (value up 3% a year), minus 6% selling cost ($13,093). Rent paid down $71,920 of loan.
$370,882 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $157,399
$20,677 put into an index fund instead of the down payment and closing costs.
The building comes out $1,009,631 ahead after 30 years.
- Your equity when you sell
- $227,935
- Rental profits, invested at 7%
- $1,248,498
Sells for $242,484 (value up 3% a year), minus 6% selling cost ($14,549). Rent paid down $74,925 of loan.
$477,186 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $212,930
$27,972 put into an index fund instead of the down payment and closing costs.
The building comes out $1,263,503 ahead after 30 years.
- Your equity when you sell
- $227,935
- Rental profits, invested at 7%
- $939,250
Sells for $242,484 (value up 3% a year), minus 6% selling cost ($14,549). Rent paid down $74,925 of loan.
$363,684 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $212,930
$27,972 put into an index fund instead of the down payment and closing costs.
The building comes out $954,254 ahead after 30 years.
- Your equity when you sell
- $205,118
- Rental profits, invested at 7%
- $1,305,059
Sells for $218,211 (value up 3% a year), minus 6% selling cost ($13,093). Rent paid down $67,425 of loan.
$495,149 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $191,616
$25,172 put into an index fund instead of the down payment and closing costs.
The building comes out $1,318,561 ahead after 30 years.
- Your equity when you sell
- $205,118
- Rental profits, invested at 7%
- $995,810
Sells for $218,211 (value up 3% a year), minus 6% selling cost ($13,093). Rent paid down $67,425 of loan.
$381,648 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $191,616
$25,172 put into an index fund instead of the down payment and closing costs.
The building comes out $1,009,313 ahead after 30 years.
Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.
30 years: this property vs. the same money in stocks
Year 30 (loan paid off): property $1.35M, stocks $99K. The property wins.
Year 30 (loan paid off): property $1.04M, stocks $99K. The property wins.
Year 30 (loan paid off): property $1.39M, stocks $89K. The property wins.
Year 30 (loan paid off): property $1.08M, stocks $89K. The property wins.
Year 30 (loan paid off): property $1.44M, stocks $175K. The property wins.
Year 30 (loan paid off): property $1.13M, stocks $175K. The property wins.
Year 30 (loan paid off): property $1.48M, stocks $157K. The property wins.
Year 30 (loan paid off): property $1.17M, stocks $157K. The property wins.
Year 30 (loan paid off): property $1.48M, stocks $213K. The property wins.
Year 30 (loan paid off): property $1.17M, stocks $213K. The property wins.
Year 30 (loan paid off): property $1.51M, stocks $192K. The property wins.
Year 30 (loan paid off): property $1.20M, stocks $192K. The property wins.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-05. The estimate above is RentCast's, weighted toward the closest matches.
2 bed / 1 bath estimate $1,100/mo · range $1,050–$1,150
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 101 S Auburn Ave, Unit 1, Eveleth 55734 off market | $1,000 | 2 / 1 | 0.6 mi | 93% |
| 8383 Marigold St, Apt 1, Virginia 55792 off market | $1,125 | 2 / 1 | 3.8 mi | 88% |
| 8381 Marigold St, Virginia 55792 off market | $1,075 | 2 / 1 | 3.8 mi | 88% |
| 310 S 8th St, Virginia 55792 off market | $1,000 | 2 / 1 | 3.8 mi | 88% |
| 8381 Marigold St, Apt 4, Virginia 55792 off market | $1,095 | 2 / 1 | 3.8 mi | 88% |
| 8385 Marigold St, Apt 5, Virginia 55792 off market | $1,095 | 2 / 1 | 3.8 mi | 88% |
| 8396 Jasmine St, Apt 5, Virginia 55792 off market | $1,125 | 2 / 1 | 3.8 mi | 88% |
| 8381 Marigold St, Apt 5, Virginia 55792 off market | $985 | 2 / 1 | 3.8 mi | 88% |
| 8390 Jasmine St, Apt 8, Virginia 55792 off market | $1,125 | 2 / 1 | 3.8 mi | 88% |
| 8394 Jasmine St, Apt 3, Virginia 55792 off market | $1,095 | 2 / 1 | 3.8 mi | 88% |
3 bed / 1 bath estimate $1,250/mo · range $1,075–$1,425
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 8383 Marigold St, Apt 5, Virginia 55792 off market | $1,350 | 3 / 1 | 3.8 mi | 88% |
| 8365 Southern Dr, Virginia 55792 off market | $875 | 3 / 2 | 3.2 mi | 84% |
| 101 S Auburn Ave, Unit 1, Eveleth 55734 off market | $1,000 | 2 / 1 | 0.6 mi | 84% |
| 117 2nd St N, Unit 2, Virginia 55792 off market | $1,535 | 3 / 1 | 4.5 mi | 83% |
| 206 S 4th Ave W, Unit 302, Virginia 55792 off market | $1,200 | 3 / 2 | 4.2 mi | 83% |
| 206 S 4th Ave, Apt 101, Virginia 55792 off market | $1,200 | 3 / 2 | 4.2 mi | 83% |
| 8383 Marigold St, Apt 1, Virginia 55792 off market | $1,125 | 2 / 1 | 3.8 mi | 79% |
| 8381 Marigold St, Virginia 55792 off market | $1,075 | 2 / 1 | 3.8 mi | 79% |
| 310 S 8th St, Virginia 55792 off market | $1,000 | 2 / 1 | 3.8 mi | 79% |
| 8381 Marigold St, Apt 4, Virginia 55792 off market | $1,095 | 2 / 1 | 3.8 mi | 79% |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: RentCast. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- highPriced under $100K: usually means major repairs, a fire or condemned building, a contract-for-deed or partial-interest sale, or a listing error. Find out why before anything else. Based on: Listing data: asking $99,900
- highFully rented but no rents, leases or tenant terms given. Income is unverified. Listing says: fully rented and looking for its new owner · AI review
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 205 FAYAL RD
- mediumRadiator heat appears in both units. Could be one boiler with the owner paying heat. Heat cost is unknown. Based on: photo 9 · AI review
- mediumSeven months on market at under $100K suggests the price or condition isn't attracting buyers. Based on: data: listing.days_on_market · AI review
- lowUpper unit has low sloped ceilings and small windows. Check egress and whether it is a legal, licensed bedroom setup. Based on: photo 3 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 221 days on market
- Possible third unit above the garage. Needs zoning, permits and costs checked. It is not income today. Listing says: Above the garage you can add a third unit for extra income. · AI review
- Large lot with parking next to the garage. Listing says: Outside you will find a huge yard and parking next to the 1 stall garage. · AI review
- Dated lower kitchen leaves room to add value on turnover. Based on: photo 9 · AI review
Questions for the agent
- What are the current rents, lease end dates, and are any tenants month-to-month?
- How is heat supplied? One boiler or two, and who pays for heat, water and electric?
- What were the 'few updates' and when were they done? Ask about the roof, boiler, wiring and foundation.
- What are the annual taxes, and is the city rental license current for two units?
- Why has it sat 221 days? Any price cuts or failed offers or inspections?
- Is the garage apartment feasible with the city? Any permits or plans?
Bottom line
Cheap duplex that pencils well on paper, but with no rents, no tax record and 221 days listed, verify the income and condition before getting excited. AI-assisted summary
What the records say
Where each number comes from
| Property tax / yr Estimateestimate. No tax record found; 2.1% of price. | $2,098 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,434 |
| Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid | $170 |
| Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent | $0 |
| Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal | $60 |
| Repairs / capital reserve Rulerule. built 1900: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-02-26 (221 days); down $16,000 (13.8%) from the first ask of $115,900; last sold for $52,000 on 2022-12-07.
| Date | Event | Price |
|---|---|---|
| Price changed | $99,900 | |
| Price changed | $109,900 | |
| Listed | $115,900 | |
| Sold public record | $52,000 | |
| Removed | — | |
| Listed | $68,900 |
From the listing Listing
| Listed as | duplex |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Eveleth on rental licensing before you buy.