For saleSingle family
$119,900
1405 S Broadway Ave
Albert Lea MN 56007
2 beds, 1 bath, 1,102 sqft
1405 S Broadway Ave is a 2 beds, 1 bath, 1,102 sqft single family home for sale at $119,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $950/mo and returns $94/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
- $950/mo
- Monthly cash flow
- $94/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.7%
- Max offer
- $112,000
Offer ≤ $112,000 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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