For saleSingle family
$154,900
507 Alice Ave
Albert Lea MN 56007
3 beds, 2.5 baths, 1,195 sqft
507 Alice Ave is a 3 beds, 2.5 baths, 1,195 sqft single family home for sale at $154,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,425/mo and returns $319/mo a month at a 9.1% 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
- $319/mo
- Cap rate
- 9.1%
- Cash-on-cash
- 12.4%
- Max offer
- $154,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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