For saleSingle family
$59,000
918 Valley Ave
Albert Lea MN 56007
2 beds, 2 baths, 950 sqft
918 Valley Ave is a 2 beds, 2 baths, 950 sqft single family home for sale at $59,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,000/mo and returns $579/mo a month at a 18.4% 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
- $1,000/mo
- Monthly cash flow
- $579/mo
- Cap rate
- 18.4%
- Cash-on-cash
- 58.9%
- Max offer
- $59,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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