For saleMulti-family
$250,000
1602/1604 W Front St
Albert Lea MN 56007
3 beds, 2 baths
1602/1604 W Front St is a 3 beds, 2 baths multi-family home for sale at $250,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $2,000/mo and returns $215/mo a month at a 7.7% 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
- $2,000/mo
- Monthly cash flow
- $215/mo
- Cap rate
- 7.7%
- Cash-on-cash
- 5.2%
- Max offer
- $236,000
Offer ≤ $236,000 (6% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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