For saleSingle family
$57,000
918 S Newton Ave
Albert Lea MN 56007
2 beds, 2 baths, 1,123 sqft
918 S Newton Ave is a 2 beds, 2 baths, 1,123 sqft single family home for sale at $57,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,000/mo and returns $593/mo a month at a 19.2% 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
- $1,000/mo
- Monthly cash flow
- $593/mo
- Cap rate
- 19.2%
- Cash-on-cash
- 62.4%
- Max offer
- $57,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading