For saleMulti-family
$229,900
413 Hawthorne St E
Albert Lea MN 56007
4 beds, 3 baths, 2,356 sqft
413 Hawthorne St E is a 4 beds, 3 baths, 2,356 sqft multi-family home for sale at $229,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,800/mo and returns $159/mo a month at a 7.5% 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
- $1,800/mo
- Monthly cash flow
- $159/mo
- Cap rate
- 7.5%
- Cash-on-cash
- 4.1%
- Max offer
- $212,500
Offer ≤ $212,500 (8% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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