For saleCondo
$65,900
109 E Luverne St Apt 220
Luverne MN 56156
1 bed, 1 bath, 785 sqft
109 E Luverne St Apt 220 is a 1 bed, 1 bath, 785 sqft condo home for sale at $65,900 in Luverne MN 56156. At 20% down it rents for an estimated $825/mo and returns $112/mo a month at a 8.6% 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
- $825/mo
- Monthly cash flow
- $112/mo
- Cap rate
- 8.6%
- Cash-on-cash
- 10.2%
- Max offer
- $65,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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