For saleSingle family
$184,900
1314 Fairlane Ter
Albert Lea MN 56007
3 beds, 1 bath, 962 sqft
1314 Fairlane Ter is a 3 beds, 1 bath, 962 sqft single family home for sale at $184,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,325/mo and returns $5/mo a month at a 6.7% 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
- $5/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.2%
- Max offer
- $156,500
Offer ≤ $156,500 (15% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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