For saleMulti-family
$179,900
506 W College St
Albert Lea MN 56007
5 beds, 2 baths, 1,792 sqft
506 W College St is a 5 beds, 2 baths, 1,792 sqft multi-family home for sale at $179,900 in Albert Lea MN 56007. At 20% down it rents for an estimated $1,750/mo and returns $466/mo a month at a 9.8% 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
- $1,750/mo
- Monthly cash flow
- $466/mo
- Cap rate
- 9.8%
- Cash-on-cash
- 15.5%
- Max offer
- $179,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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