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 $1,850/mo and returns $994/mo a month at a 16.6% 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
- $1,850/mo
- Monthly cash flow
- $994/mo
- Cap rate
- 16.6%
- Cash-on-cash
- 49.7%
- Max offer
- $119,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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