For saleSingle family
$63,000
112 N 2nd Ave
Albert Lea MN 56007
2 beds, 1 bath, 937 sqft
112 N 2nd Ave is a 2 beds, 1 bath, 937 sqft single family home for sale at $63,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,000/mo and returns $550/mo a month at a 17.1% 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
- $1,000/mo
- Monthly cash flow
- $550/mo
- Cap rate
- 17.1%
- Cash-on-cash
- 52.4%
- Max offer
- $63,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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