For saleMulti-family
$249,900
220 E 7th St
Albert Lea MN 56007
4 beds, 4 baths, 2,800 sqft
220 E 7th St is a 4 beds, 4 baths, 2,800 sqft multi-family home for sale at $249,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $2,900/mo and returns $1,116/mo a month at a 12.0% 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
- $2,900/mo
- Monthly cash flow
- $1,116/mo
- Cap rate
- 12.0%
- Cash-on-cash
- 26.8%
- Max offer
- $249,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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