For saleSingle family
$89,900
611 Freeborn Ave
Albert Lea MN 56007
2 beds, 2 baths, 966 sqft
611 Freeborn Ave is a 2 beds, 2 baths, 966 sqft single family home for sale at $89,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $950/mo and returns $308/mo a month at a 10.8% 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
- $950/mo
- Monthly cash flow
- $308/mo
- Cap rate
- 10.8%
- Cash-on-cash
- 20.6%
- Max offer
- $89,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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