For saleSingle family
$169,900
121 McArthur Dr
Albert Lea MN 56007
3 beds, 1.5 baths, 1,263 sqft
121 McArthur Dr is a 3 beds, 1.5 baths, 1,263 sqft single family home for sale at $169,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,425/mo and returns $212/mo a month at a 8.2% 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
- $1,425/mo
- Monthly cash flow
- $212/mo
- Cap rate
- 8.2%
- Cash-on-cash
- 7.5%
- Max offer
- $168,000
Offer ≤ $168,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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