For saleSingle family
$999,000
1774 Highway 2
Two Harbors MN 55616
4 beds, 3.5 baths, 3,360 sqft
1774 Highway 2 is a 4 beds, 3.5 baths, 3,360 sqft single family home for sale at $999,000 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,250/mo and returns -$5,882/mo a month at a -0.4% 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
- $1,250/mo
- Monthly cash flow
- -$5,882/mo
- Cap rate
- -0.4%
- Cash-on-cash
- -35.3%
- Max offer
- $151,500
Offer ≤ $151,500 (85% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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