For saleSingle family
$110,000
647 E 7th St
Albert Lea MN 56007
2 beds, 2 baths, 1,195 sqft
647 E 7th St is a 2 beds, 2 baths, 1,195 sqft single family home for sale at $110,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $950/mo and returns $165/mo a month at a 8.5% 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
- $950/mo
- Monthly cash flow
- $165/mo
- Cap rate
- 8.5%
- Cash-on-cash
- 9.0%
- Max offer
- $110,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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