For saleSingle family
$60,000
1302 Saint Joseph Ave
Albert Lea MN 56007
2 beds, 1 bath, 3,839 sqft
1302 Saint Joseph Ave is a 2 beds, 1 bath, 3,839 sqft single family home for sale at $60,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $950/mo and returns $522/mo a month at a 17.1% 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
- $522/mo
- Cap rate
- 17.1%
- Cash-on-cash
- 52.2%
- Max offer
- $60,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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