For saleMulti-family
$189,000
509 E 4th St
Albert Lea MN 56007
7 beds, 3 baths, 1,890 sqft
509 E 4th St is a 7 beds, 3 baths, 1,890 sqft multi-family home for sale at $189,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,650/mo and returns $301/mo a month at a 8.6% 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
- $1,650/mo
- Monthly cash flow
- $301/mo
- Cap rate
- 8.6%
- Cash-on-cash
- 9.5%
- Max offer
- $189,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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