1110 Elmhurst AveLuverneMN56156
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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
Rental property for sale in Luverne at 1110 Elmhurst Ave, Luverne, MN, 56156 generates $1,811/mo in rent and, after a $1,344/mo payment, leaves $96/mo in cash flow. Total monthly income is $1,811/mo, and annual cash flow is $1,157/yr on $90,997 invested. Return on cash invested sits at 21.18% in year one, and rental yield is 7.92% on a $274,500 entry. Equity gained on principal adds $1,771/yr, while 5% annual appreciation builds toward $75,839 over five years. Five-year ROI reaches 109.76% and total cumulative return in cash sums $99,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,811/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
9,147 sqft 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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