For saleSingle family
$169,900
503 E Dodge St
Luverne MN 56156
3 beds, 2 baths, 1,490 sqft
503 E Dodge St is a 3 beds, 2 baths, 1,490 sqft single family home for sale at $169,900 in Luverne MN 56156. At 20% down it rents for an estimated $1,025/mo and returns -$188/mo a month at a 5.3% 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
- -$188/mo
- Cap rate
- 5.3%
- Cash-on-cash
- -6.6%
- Max offer
- $121,000
Offer ≤ $121,000 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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