For saleSingle family
$329,000
1613 Canary Dr
Albert Lea MN 56007
4 beds, 3 baths, 2,286 sqft
1613 Canary Dr is a 4 beds, 3 baths, 2,286 sqft single family home for sale at $329,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,675/mo and returns -$674/mo a month at a 4.2% 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
- $1,675/mo
- Monthly cash flow
- -$674/mo
- Cap rate
- 4.2%
- Cash-on-cash
- -12.3%
- Max offer
- $198,500
Offer ≤ $198,500 (40% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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