106 E Christensen DrLuverneMN56156
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Luverne at 106 E Christensen Dr, Luverne, MN, 56156 offers a 3.61% rental yield on a $359,000 purchase with $1,079/mo rent. 19% in year one. Equity gained on principal adds $2,317/yr while 5% annual appreciation supports $99,185 over five years. Portfolio math shows five-year ROI at 40.07% and total cumulative return in cash at $47,683. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,079/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 56156, Luverne, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,809 (100%) |
| Owner Occupied HU | 1,829 (65.1%) |
| Renter Occupied HU | 772 (27.5%) |
| Vacant Housing Units | 208 ( 7.4%) |
| Median Home Value | $245,017 |
| Average Home Value | $293,069 |
Housing Distribution
Address Breakdown
Residential
2,727
Single Family
2,366
Multi-Family
361
Businesses
280
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