For saleSingle family
$173,900
709 Minnesota Ave
Albert Lea MN 56007
3 beds, 3 baths, 1,697 sqft
709 Minnesota Ave is a 3 beds, 3 baths, 1,697 sqft single family home for sale at $173,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,325/mo and returns $84/mo a month at a 7.2% 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
- $1,325/mo
- Monthly cash flow
- $84/mo
- Cap rate
- 7.2%
- Cash-on-cash
- 2.9%
- Max offer
- $156,000
Offer ≤ $156,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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