For saleMulti-family
$169,900
221 N 3rd Ave
Albert Lea MN 56007
3 beds, 2 baths, 1,990 sqft
221 N 3rd Ave is a 3 beds, 2 baths, 1,990 sqft multi-family home for sale at $169,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,900/mo and returns $708/mo a month at a 11.5% 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
- $1,900/mo
- Monthly cash flow
- $708/mo
- Cap rate
- 11.5%
- Cash-on-cash
- 25.0%
- Max offer
- $169,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.