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Greater Minnesota › Albert Lea

Albert Lea

Greater Minnesota city. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

Compare with other cities →

Neighborhood profile

Listings we track
11
Median price per unit
$84K
Typical cash flow
$251
median per month, 20% down
Rent rules
No cap
Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 919 W Front St $977/mo
  2. 509 E 4th St $792/mo
  3. 220 E 7th St $733/mo
  4. 214 W College St $439/mo
  5. 918 Jefferson Ave $304/mo

+ 5 more in the full list below

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 919 W Front St 8.09× stocks
  2. 214 W College St 6.39× stocks
  3. 509 E 4th St 6.15× stocks
  4. 918 Jefferson Ave 5.00× stocks
  5. 220 E 7th St 4.97× stocks

+ 5 more in the full list below

Value-add

Under-rented, needs work, or room to negotiate.

  1. 220 E 7th St Long time on market: room to negotiate.
  2. 509 E 4th St Long time on market: room to negotiate.
  3. 919 W Front St Long time on market: room to negotiate.
  4. 922 Jefferson Ave Long time on market: room to negotiate.
  5. 221 N 3rd Ave Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

Nothing here right now.

Needs more info

Left out of the rankings until a data problem is resolved.

  1. 1602/1604 W Front St no rent estimate yet

All listings

11 listings. Filter by price or units, or switch the down payment.

  1. 220 E 7th St

    $249,900 · 4 units
    Cash flows
    Cash flow $733/mo Cap 9.9% Break-even price $388K Yr 30 vs stocks 4.97× Positive in yr 1
  2. 509 E 4th St

    $189,000 · 2 units
    Cash flows
    Cash flow $792/mo Cap 11.4% Break-even price $338K Yr 30 vs stocks 6.15× Positive in yr 1
  3. 919 W Front St

    $149,900 · 3 units
    Cash flows
    Cash flow $977/mo Cap 14.2% Break-even price $333K Yr 30 vs stocks 8.09× Positive in yr 1
  4. 214 W College St

    $94,900 · 2 units
    Cash flows
    Cash flow $439/mo Cap 11.9% Break-even price $177K Yr 30 vs stocks 6.39× Positive in yr 1
  5. 918 Jefferson Ave

    $99,900 · 2 units
    Cash flows
    Cash flow $304/mo Cap 10.0% Break-even price $157K Yr 30 vs stocks 5.00× Positive in yr 1
  6. 506 W College St

    $179,900 · 2 units
    Cash flows
    Cash flow $199/mo Cap 7.7% Break-even price $217K Yr 30 vs stocks 3.34× Positive in yr 1
  7. 922 Jefferson Ave

    $164,999 · 2 units
    Cash flows
    Cash flow $3/mo Cap 6.4% Break-even price $166K Yr 30 vs stocks 2.44× Positive in yr 1
  8. 221 N 3rd Ave

    $169,900 · 2 units
    Close
    Cash flow −$78/mo Cap 5.8% Break-even price $155K Yr 30 vs stocks 1.96× Positive in yr 5
  9. 413 Hawthorne St E

    $224,900 · 2 units
    Overpriced
    Cash flow −$439/mo Cap 4.0% Break-even price $142K Yr 30 vs stocks 0.82× Positive in yr 20
  10. 1602 1604 Front St W

    $250,000 · 2 units
    Far off
    Cash flow −$763/mo Cap 2.7% Break-even price $107K Yr 30 vs stocks 0.50× Positive in 30+ yrs
  11. 1602/1604 W Front St

    $250,000
    Needs more info

    Needs more info: no rent estimate yet

Monthly cash flow

−$1,000−$500$0$500$1,000break-even919 W Front St$977509 E 4th St$792220 E 7th St$733214 W College St$439918 Jefferson Ave$304506 W College St$199922 Jefferson Ave$3221 N 3rd Ave−$78413 Hawthorne St E−$4391602 1604 Front St W−$763

What's changing

Nothing curated for this city yet.