For saleSingle family
$44,900
113 S 6th Ave
Albert Lea MN 56007
2 beds, 1 bath, 616 sqft
113 S 6th Ave is a 2 beds, 1 bath, 616 sqft single family home for sale at $44,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $950/mo and returns $629/mo a month at a 23.5% 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
- $629/mo
- Cap rate
- 23.5%
- Cash-on-cash
- 84.1%
- Max offer
- $44,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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