For saleSingle family
$429,900
719 Tallgrass Cir
Luverne MN 56156
2 beds, 2 baths, 1,582 sqft
719 Tallgrass Cir is a 2 beds, 2 baths, 1,582 sqft single family home for sale at $429,900 in Luverne MN 56156. At 20% down it rents for an estimated $925/mo and returns -$2,144/mo a month at a 0.7% 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
- -$2,144/mo
- Cap rate
- 0.7%
- Cash-on-cash
- -29.9%
- Max offer
- $111,000
Offer ≤ $111,000 (74% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading