121 E Barck 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
Investment property for sale in Luverne at 121 E Barck Ave, Luverne, MN, 56156 with 5% annual appreciation on a $182,000 basis while $1,769/mo rent supports operations. Total monthly income totals $1,769/mo and a $891/mo payment preserves $632/mo for cash returns. Annual cash flow comes to $7,588/yr on $60,333 deployed, and return on cash invested reaches 32.49% in year one. Equity gained on principal adds $1,174/yr, and five-year appreciation sums $50,283 alongside rental yield of 11.66%. Five-year ROI measures 170.41% and total cumulative return in cash totals $102,813.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,769/mo property income versus a $891/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
5,998 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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Listed by: Jen M Rolfs • Real Estate Retrievers
Mls Name: Realtor Association of the Sioux Empire
Mls Provider:
Mls ID: #22503257
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