For saleSingle family
$109,900
2021 Tower Rd
Albert Lea MN 56007
3 beds, 1 bath, 1,231 sqft
2021 Tower Rd is a 3 beds, 1 bath, 1,231 sqft single family home for sale at $109,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,225/mo and returns $454/mo a month at a 11.5% 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
- $1,225/mo
- Monthly cash flow
- $454/mo
- Cap rate
- 11.5%
- Cash-on-cash
- 24.8%
- Max offer
- $109,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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