For saleSingle family
$64,900
507 Pleasant Ave
Albert Lea MN 56007
2 beds, 1 bath, 726 sqft
507 Pleasant Ave is a 2 beds, 1 bath, 726 sqft single family home for sale at $64,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,100/mo and returns $645/mo a month at a 18.4% 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
- $1,100/mo
- Monthly cash flow
- $645/mo
- Cap rate
- 18.4%
- Cash-on-cash
- 59.6%
- Max offer
- $64,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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