For saleSingle family
$119,900
717 Jefferson Ave
Albert Lea MN 56007
4 beds, 1 bath, 1,537 sqft
717 Jefferson Ave is a 4 beds, 1 bath, 1,537 sqft single family home for sale at $119,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,600/mo and returns $744/mo a month at a 14.1% 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
- $1,600/mo
- Monthly cash flow
- $744/mo
- Cap rate
- 14.1%
- Cash-on-cash
- 37.2%
- Max offer
- $119,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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