307 E Barck AveLuverneMN56156
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 307 E Barck Ave, Luverne, MN, 56156 at $279,900 posts ROI 24.17% with $329/mo cash flow from $2,077/mo rent. Total monthly income equals $2,077/mo, and annual cash flow records $3,950/yr on $92,787 to close. Return on cash invested measures 24.17% and rental yield reads 8.9% at the current $279,900. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 by year five. Five-year ROI prints 125.79% and total cumulative return in cash totals $116,713.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,077/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.33 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debra F Aanenson • Real Estate Retrievers-Luverne
Mls Name: NorthStar MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6613652
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