For saleCondo
$106,900
913 Abbott St Apt 203
Albert Lea MN 56007
2 beds, 1 bath, 962 sqft
913 Abbott St Apt 203 is a 2 beds, 1 bath, 962 sqft condo home for sale at $106,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,125/mo and returns $111/mo a month at a 7.9% 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
- $1,125/mo
- Monthly cash flow
- $111/mo
- Cap rate
- 7.9%
- Cash-on-cash
- 6.2%
- Max offer
- $102,500
Offer ≤ $102,500 (4% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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