For saleSingle family
$37,000
410 Saint Peter Ave
Albert Lea MN 56007
1 bed, 1 bath, 480 sqft
410 Saint Peter Ave is a 1 bed, 1 bath, 480 sqft single family home for sale at $37,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $850/mo and returns $586/mo a month at a 25.7% 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
- $850/mo
- Monthly cash flow
- $586/mo
- Cap rate
- 25.7%
- Cash-on-cash
- 95.0%
- Max offer
- $37,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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