414 N Freeman 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 414 N Freeman Ave, Luverne, MN, 56156 offers $1,500/mo rent that, after a $1,003/mo payment, leaves $220/mo cash flow. Total monthly income is $1,500/mo, and annual cash flow is $2,645/yr on $67,924 cash. Return on cash invested measures 23.8% in year one, and rental yield stands at 8.78% at a $204,900 entry. Equity gained on principal adds $1,322/yr while 5% annual appreciation compounds into $56,610 by year five. Five-year ROI records 123.82% and total cumulative return in cash reaches $84,106. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,500/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
6,438 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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