For saleSingle family
$115,000
815 Frank Ave
Albert Lea MN 56007
3 beds, 2 baths, 2,062 sqft
815 Frank Ave is a 3 beds, 2 baths, 2,062 sqft single family home for sale at $115,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,325/mo and returns $504/mo a month at a 11.9% 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
- $1,325/mo
- Monthly cash flow
- $504/mo
- Cap rate
- 11.9%
- Cash-on-cash
- 26.3%
- Max offer
- $115,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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