For saleSingle family
$207,900
430 Columbus Ave
Albert Lea MN 56007
3 beds, 2 baths, 2,532 sqft
430 Columbus Ave is a 3 beds, 2 baths, 2,532 sqft single family home for sale at $207,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,325/mo and returns -$159/mo a month at a 5.7% 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
- $1,325/mo
- Monthly cash flow
- -$159/mo
- Cap rate
- 5.7%
- Cash-on-cash
- -4.6%
- Max offer
- $156,500
Offer ≤ $156,500 (25% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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