For saleSingle family
$189,900
2129 Highland Ave
Albert Lea MN 56007
2 beds, 2 baths, 1,592 sqft
2129 Highland Ave is a 2 beds, 2 baths, 1,592 sqft single family home for sale at $189,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $950/mo and returns -$406/mo a month at a 4.1% 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
- $950/mo
- Monthly cash flow
- -$406/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.8%
- Max offer
- $112,500
Offer ≤ $112,500 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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