For saleSingle family
$219,900
340 E 3rd St
Albert Lea MN 56007
4 beds, 2 baths, 1,560 sqft
340 E 3rd St is a 4 beds, 2 baths, 1,560 sqft single family home for sale at $219,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,600/mo and returns $30/mo a month at a 6.8% 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
- $1,600/mo
- Monthly cash flow
- $30/mo
- Cap rate
- 6.8%
- Cash-on-cash
- 0.8%
- Max offer
- $189,000
Offer ≤ $189,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading