For saleSingle family
$119,900
523 Freeborn Ave
Albert Lea MN 56007
2 beds, 1 bath, 907 sqft
523 Freeborn Ave is a 2 beds, 1 bath, 907 sqft single family home for sale at $119,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,000/mo and returns $159/mo a month at a 8.1% 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
- $1,000/mo
- Monthly cash flow
- $159/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 8.0%
- Max offer
- $119,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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