For saleSingle family
$114,800
212 E 5th St
Albert Lea MN 56007
2 beds, 1.5 baths, 1,664 sqft
212 E 5th St is a 2 beds, 1.5 baths, 1,664 sqft single family home for sale at $114,800 in Albert Lea MN 56007. At 20% down it rents for an estimated $950/mo and returns $130/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
- $950/mo
- Monthly cash flow
- $130/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.8%
- Max offer
- $112,000
Offer ≤ $112,000 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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