For saleSingle family
$259,900
1113 N Cedar St
Luverne MN 56156
3 beds, 2 baths, 2,024 sqft
1113 N Cedar St is a 3 beds, 2 baths, 2,024 sqft single family home for sale at $259,900 in Luverne MN 56156. At 20% down it rents for an estimated $1,025/mo and returns -$830/mo a month at a 2.8% 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
- -$830/mo
- Cap rate
- 2.8%
- Cash-on-cash
- -19.2%
- Max offer
- $121,500
Offer ≤ $121,500 (53% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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