For saleSingle family
$229,000
427 Brown St W
Luverne MN 56156
3 beds, 1.5 baths, 1,477 sqft
427 Brown St W is a 3 beds, 1.5 baths, 1,477 sqft single family home for sale at $229,000 in Luverne MN 56156. At 20% down it rents for an estimated $1,025/mo and returns -$610/mo a month at a 3.5% 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
- $1,025/mo
- Monthly cash flow
- -$610/mo
- Cap rate
- 3.5%
- Cash-on-cash
- -16.0%
- Max offer
- $121,500
Offer ≤ $121,500 (47% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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