116 W Meade CtLuverneMN56156
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 116 W Meade Ct, Luverne, MN, 56156 earns $62/mo cash flow from $1,079/mo rent with a $797/mo payment. Total monthly income totals $1,079/mo, and annual cash flow totals $745/yr on $54,001 capital. ROI tracks 21.29% on current figures, and rental yield reads 7.95% at a $162,900 purchase. Equity gained on principal adds $1,051/yr, and 5% annual appreciation supports $45,006 over five years. Five-year ROI reaches 110.4% and total cumulative return in cash sums $59,616. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,079/mo property income instead of your personal income.
Single Family
Built in 1950
8,024 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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Nearby investment properties with comparable prices
Listed by: Keith Elbers • Real Estate Retrievers
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22502905
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Information is deemed reliable but not guaranteed. Copyright 2025 REALTOR Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.