For saleSingle family
$79,900
319 8th St E
Albert Lea MN 56007
2 beds, 1 bath, 660 sqft
319 8th St E is a 2 beds, 1 bath, 660 sqft single family home for sale at $79,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $950/mo and returns $380/mo a month at a 12.4% 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
- $380/mo
- Cap rate
- 12.4%
- Cash-on-cash
- 28.5%
- Max offer
- $79,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading