For saleSingle family
$279,900
312 W Luverne St
Magnolia MN 56158
4 beds, 2 baths, 2,374 sqft
312 W Luverne St is a 4 beds, 2 baths, 2,374 sqft single family home for sale at $279,900 in Magnolia MN 56158. At 20% down it rents for an estimated $2,000/mo and returns $37/mo a month at a 6.7% 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
- $2,000/mo
- Monthly cash flow
- $37/mo
- Cap rate
- 6.7%
- Cash-on-cash
- 0.8%
- Max offer
- $239,500
Offer ≤ $239,500 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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