For saleSingle family
$475,000
505 N Kniss Ave
Luverne MN 56156
3 beds, 4 baths, 2,964 sqft
505 N Kniss Ave is a 3 beds, 4 baths, 2,964 sqft single family home for sale at $475,000 in Luverne MN 56156. At 20% down it rents for an estimated $1,025/mo and returns -$2,366/mo a month at a 0.7% 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
- $1,025/mo
- Monthly cash flow
- -$2,366/mo
- Cap rate
- 0.7%
- Cash-on-cash
- -29.9%
- Max offer
- $123,000
Offer ≤ $123,000 (74% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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