For saleMulti-family
$239,000
1429 31 Spartan Ave
Albert Lea MN 56007
4 beds, 4 baths, 2,276 sqft
1429 31 Spartan Ave is a 4 beds, 4 baths, 2,276 sqft multi-family home for sale at $239,000 in Albert Lea MN 56007. At 20% down it rents for an estimated $2,000/mo and returns $294/mo a month at a 8.1% 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
- $2,000/mo
- Monthly cash flow
- $294/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.4%
- Max offer
- $236,000
Offer ≤ $236,000 (1% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading