For saleSingle family
$139,000
113 S 7th Ave
Albert Lea MN 56007
3 beds, 1 bath, 912 sqft
113 S 7th Ave is a 3 beds, 1 bath, 912 sqft single family home for sale at $139,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,425/mo and returns $433/mo a month at a 10.4% 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
- $1,425/mo
- Monthly cash flow
- $433/mo
- Cap rate
- 10.4%
- Cash-on-cash
- 18.7%
- Max offer
- $139,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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