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 $1,325/mo and returns $255/mo a month at a 8.7% 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
- $255/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.2%
- Max offer
- $149,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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