For saleSingle family
$240,000
1055 Highway 61
Two Harbors MN 55616
3 beds, 2 baths, 2,020 sqft
1055 Highway 61 is a 3 beds, 2 baths, 2,020 sqft single family home for sale at $240,000 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,150/mo and returns -$563/mo a month at a 3.9% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,150/mo
- Monthly cash flow
- -$563/mo
- Cap rate
- 3.9%
- Cash-on-cash
- -14.1%
- Max offer
- $136,000
Offer ≤ $136,000 (43% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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