For saleSingle family
$210,000
1018 N Elm St
Luverne MN 56156
2 beds, 1 bath, 1,204 sqft
1018 N Elm St is a 2 beds, 1 bath, 1,204 sqft single family home for sale at $210,000 in Luverne MN 56156. At 20% down it rents for an estimated $925/mo and returns -$574/mo a month at a 3.4% 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
- $925/mo
- Monthly cash flow
- -$574/mo
- Cap rate
- 3.4%
- Cash-on-cash
- -16.4%
- Max offer
- $109,500
Offer ≤ $109,500 (48% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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