For saleSingle family
$450,000
1140 150th Ave
Luverne MN 56156
7 beds, 1.5 baths, 2,671 sqft
1140 150th Ave is a 7 beds, 1.5 baths, 2,671 sqft single family home for sale at $450,000 in Luverne MN 56156. At 20% down it rents for an estimated $1,150/mo and returns -$2,062/mo a month at a 1.2% 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
- $1,150/mo
- Monthly cash flow
- -$2,062/mo
- Cap rate
- 1.2%
- Cash-on-cash
- -27.5%
- Max offer
- $137,500
Offer ≤ $137,500 (69% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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