For saleSingle family
$249,900
711 Clausen Ave
Albert Lea MN 56007
5 beds, 2 baths, 2,112 sqft
711 Clausen Ave is a 5 beds, 2 baths, 2,112 sqft single family home for sale at $249,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,975/mo and returns $191/mo a month at a 7.6% 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
- $1,975/mo
- Monthly cash flow
- $191/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.6%
- Max offer
- $233,000
Offer ≤ $233,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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