For saleSingle family
$269,900
317 1st Ave
Two Harbors MN 55616
2 beds, 1 bath, 935 sqft
317 1st Ave is a 2 beds, 1 bath, 935 sqft single family home for sale at $269,900 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,025/mo and returns -$902/mo a month at a 2.7% 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
- $1,025/mo
- Monthly cash flow
- -$902/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -20.0%
- Max offer
- $121,500
Offer ≤ $121,500 (55% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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