For saleMulti-family
$169,900
640 Marshall St
Albert Lea MN 56007
6 beds, 3 baths, 2,178 sqft
640 Marshall St is a 6 beds, 3 baths, 2,178 sqft multi-family home for sale at $169,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $2,550/mo and returns $1,358/mo a month at a 16.1% 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
- $2,550/mo
- Monthly cash flow
- $1,358/mo
- Cap rate
- 16.1%
- Cash-on-cash
- 48.0%
- Max offer
- $169,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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