For saleSingle family

$131,500

719 Belmont St

Albert Lea MN 56007

3 beds, 2 baths, 1,814 sqft

719 Belmont St is a 3 beds, 2 baths, 1,814 sqft single family home for sale at $131,500 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,425/mo and returns $486/mo a month at a 11.1% 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
$486/mo
Cap rate
11.1%
Cash-on-cash
22.2%
Max offer
$131,500

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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