For saleSingle family
$360,000
507 2nd Ave
Two Harbors MN 55616
3 beds, 2 baths, 1,640 sqft
507 2nd Ave is a 3 beds, 2 baths, 1,640 sqft single family home for sale at $360,000 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,150/mo and returns -$1,420/mo a month at a 1.9% 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
- -$1,420/mo
- Cap rate
- 1.9%
- Cash-on-cash
- -23.7%
- Max offer
- $137,000
Offer ≤ $137,000 (62% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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