For saleMulti-family
$119,900
918 Jefferson Ave
Albert Lea MN 56007
4 beds, 2 baths, 1,316 sqft
918 Jefferson Ave is a 4 beds, 2 baths, 1,316 sqft multi-family home for sale at $119,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,900/mo and returns $1,059/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
- $1,900/mo
- Monthly cash flow
- $1,059/mo
- Cap rate
- 17.1%
- Cash-on-cash
- 53.0%
- Max offer
- $119,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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