For saleSingle family
$329,900
323 W Main St
Luverne MN 56156
5 beds, 2 baths, 2,540 sqft
323 W Main St is a 5 beds, 2 baths, 2,540 sqft single family home for sale at $329,900 in Luverne MN 56156. At 20% down it rents for an estimated $1,150/mo and returns -$1,205/mo a month at a 2.3% 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
- $1,150/mo
- Monthly cash flow
- -$1,205/mo
- Cap rate
- 2.3%
- Cash-on-cash
- -21.9%
- Max offer
- $136,500
Offer ≤ $136,500 (59% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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