217 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
Rental property for sale in Luverne at 217 E Barck Ave, Luverne, MN, 56156 priced at $322,200 pairs $2,538/mo rent with $526/mo cash flow after a $1,577/mo payment. Total monthly income equals $2,538/mo, and annual cash flow comes to $6,312/yr on $106,809 invested. Return on cash invested is 25.82% in year one, and rental yield stands at 9.45% on a $322,200 basis. Equity gained on principal adds $2,079/yr, and 5% annual appreciation accumulates to $89,018 by year five. Five-year ROI measures 134.65% and total cumulative return in cash reaches $143,818. For financing, Ziffy Mortgage’s DSCR program evaluates $2,538/mo property income against a $1,577/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1986
0.28 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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