For saleSingle family
$172,900
713 Cedar Ave
Albert Lea MN 56007
4 beds, 2 baths, 1,012 sqft
713 Cedar Ave is a 4 beds, 2 baths, 1,012 sqft single family home for sale at $172,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,600/mo and returns $366/mo a month at a 9.2% 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
- $1,600/mo
- Monthly cash flow
- $366/mo
- Cap rate
- 9.2%
- Cash-on-cash
- 12.7%
- Max offer
- $172,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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