For saleSingle family
$136,000
518 E 5th St
Albert Lea MN 56007
3 beds, 1 bath, 1,047 sqft
518 E 5th St is a 3 beds, 1 bath, 1,047 sqft single family home for sale at $136,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,300/mo and returns $329/mo a month at a 9.6% 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
- $329/mo
- Cap rate
- 9.6%
- Cash-on-cash
- 14.5%
- Max offer
- $136,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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