For saleSingle family
$595,000
26444 740th Ave
Albert Lea MN 56007
2 beds, 1.5 baths, 1,985 sqft
26444 740th Ave is a 2 beds, 1.5 baths, 1,985 sqft single family home for sale at $595,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,150/mo and returns -$3,098/mo a month at a 0.4% 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
- $1,150/mo
- Monthly cash flow
- -$3,098/mo
- Cap rate
- 0.4%
- Cash-on-cash
- -31.2%
- Max offer
- $138,500
Offer ≤ $138,500 (77% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading