For saleSingle family
$149,900
304 E 3rd St
Albert Lea MN 56007
3 beds, 1 bath, 1,142 sqft
304 E 3rd St is a 3 beds, 1 bath, 1,142 sqft single family home for sale at $149,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,125/mo and returns $74/mo a month at a 7.1% 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
- $1,125/mo
- Monthly cash flow
- $74/mo
- Cap rate
- 7.1%
- Cash-on-cash
- 2.9%
- Max offer
- $134,500
Offer ≤ $134,500 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.