For saleSingle family
$225,000
1639 Massee St
Albert Lea MN 56007
3 beds, 3 baths, 3,056 sqft
1639 Massee St is a 3 beds, 3 baths, 3,056 sqft single family home for sale at $225,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,425/mo and returns -$181/mo a month at a 5.7% 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
- $1,425/mo
- Monthly cash flow
- -$181/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -4.8%
- Max offer
- $168,500
Offer ≤ $168,500 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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