For saleSingle family
$250,000
923 N Spring St
Luverne MN 56156
3 beds, 2.5 baths, 1,737 sqft
923 N Spring St is a 3 beds, 2.5 baths, 1,737 sqft single family home for sale at $250,000 in Luverne MN 56156. At 20% down it rents for an estimated $1,025/mo and returns -$760/mo a month at a 3.0% 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
- -$760/mo
- Cap rate
- 3.0%
- Cash-on-cash
- -18.2%
- Max offer
- $121,500
Offer ≤ $121,500 (51% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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