For saleSingle family
$429,900
1309 Oriole Dr
Albert Lea MN 56007
4 beds, 2 baths, 2,187 sqft
1309 Oriole Dr is a 4 beds, 2 baths, 2,187 sqft single family home for sale at $429,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,600/mo and returns -$1,469/mo a month at a 2.6% 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
- $1,600/mo
- Monthly cash flow
- -$1,469/mo
- Cap rate
- 2.6%
- Cash-on-cash
- -20.5%
- Max offer
- $190,000
Offer ≤ $190,000 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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