For saleSingle family
$129,000
813 Ulstad Ave
Albert Lea MN 56007
2 beds, 1 bath, 1,593 sqft
813 Ulstad Ave is a 2 beds, 1 bath, 1,593 sqft single family home for sale at $129,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,000/mo and returns $95/mo a month at a 7.4% 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
- $95/mo
- Cap rate
- 7.4%
- Cash-on-cash
- 4.4%
- Max offer
- $119,500
Offer ≤ $119,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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