For saleCondo
$67,000
200 S Freeman Ave Apt 206
Luverne MN 56156
1 bed, 1 bath, 550 sqft
200 S Freeman Ave Apt 206 is a 1 bed, 1 bath, 550 sqft condo home for sale at $67,000 in Luverne MN 56156. At 20% down it rents for an estimated $825/mo and returns -$193/mo a month at a 3.2% 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
- $825/mo
- Monthly cash flow
- -$193/mo
- Cap rate
- 3.2%
- Cash-on-cash
- -17.2%
- Max offer
- $32,000
Offer ≤ $32,000 (52% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading