For saleSingle family
$59,900
1205 James Ave
Albert Lea MN 56007
2 beds, 1 bath, 918 sqft
1205 James Ave is a 2 beds, 1 bath, 918 sqft single family home for sale at $59,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $950/mo and returns $522/mo a month at a 17.1% 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
- $950/mo
- Monthly cash flow
- $522/mo
- Cap rate
- 17.1%
- Cash-on-cash
- 52.3%
- Max offer
- $59,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading