For saleSingle family
$64,000
506 E 5th St
Albert Lea MN 56007
3 beds, 1.5 baths, 1,424 sqft
506 E 5th St is a 3 beds, 1.5 baths, 1,424 sqft single family home for sale at $64,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,300/mo and returns $843/mo a month at a 22.5% 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
- $1,300/mo
- Monthly cash flow
- $843/mo
- Cap rate
- 22.5%
- Cash-on-cash
- 79.0%
- Max offer
- $64,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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