For saleSingle family
$139,900
1405 Johnson St
Albert Lea MN 56007
2 beds, 1 bath, 912 sqft
1405 Johnson St is a 2 beds, 1 bath, 912 sqft single family home for sale at $139,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,000/mo and returns $19/mo a month at a 6.7% 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
- $1,000/mo
- Monthly cash flow
- $19/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.8%
- Max offer
- $119,500
Offer ≤ $119,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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