For saleSingle family
$400,000
2100 Paradise Rd
Albert Lea MN 56007
4 beds, 3 baths, 2,396 sqft
2100 Paradise Rd is a 4 beds, 3 baths, 2,396 sqft single family home for sale at $400,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,500/mo and returns -$1,356/mo a month at a 2.6% 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
- $1,500/mo
- Monthly cash flow
- -$1,356/mo
- Cap rate
- 2.6%
- Cash-on-cash
- -20.3%
- Max offer
- $178,500
Offer ≤ $178,500 (55% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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