For saleSingle family
$309,900
1112 Cherry Dr
Luverne MN 56156
4 beds, 2 baths, 1,981 sqft
1112 Cherry Dr is a 4 beds, 2 baths, 1,981 sqft single family home for sale at $309,900 in Luverne MN 56156. At 20% down it rents for an estimated $1,125/mo and returns -$1,087/mo a month at a 2.5% 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
- $1,125/mo
- Monthly cash flow
- -$1,087/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -21.1%
- Max offer
- $133,500
Offer ≤ $133,500 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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