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 $1,125/mo and returns $171/mo a month at a 8.0% 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
- $1,125/mo
- Monthly cash flow
- $171/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 7.6%
- Max offer
- $134,500
Offer ≤ $134,500 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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