For saleSingle family
$129,900
413 Saint Thomas Ave
Albert Lea MN 56007
3 beds, 1 bath, 1,224 sqft
413 Saint Thomas Ave is a 3 beds, 1 bath, 1,224 sqft single family home for sale at $129,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,325/mo and returns $398/mo a month at a 10.3% 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
- $398/mo
- Cap rate
- 10.3%
- Cash-on-cash
- 18.4%
- Max offer
- $129,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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