For saleSingle family
$199,900
904 Clausen Ave
Albert Lea MN 56007
4 beds, 1.5 baths, 1,855 sqft
904 Clausen Ave is a 4 beds, 1.5 baths, 1,855 sqft single family home for sale at $199,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,450/mo and returns $48/mo a month at a 6.8% 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
- $1,450/mo
- Monthly cash flow
- $48/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 1.4%
- Max offer
- $173,500
Offer ≤ $173,500 (13% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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