For saleSingle family
$199,000
1405 W Clark St
Albert Lea MN 56007
3 beds, 1 bath, 1,030 sqft
1405 W Clark St is a 3 beds, 1 bath, 1,030 sqft single family home for sale at $199,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,425/mo and returns $4/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
- $1,425/mo
- Monthly cash flow
- $4/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.1%
- Max offer
- $168,000
Offer ≤ $168,000 (16% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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