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 $1,225/mo and returns $303/mo a month at a 9.3% 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
- $1,225/mo
- Monthly cash flow
- $303/mo
- Cap rate
- 9.3%
- Cash-on-cash
- 13.8%
- Max offer
- $131,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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