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.
Loading