For saleCondo
$89,900
1611 Superior Shores Dr Unit 57A
Two Harbors MN 55616
2 beds, 2 baths, 1,470 sqft
1611 Superior Shores Dr Unit 57A is a 2 beds, 2 baths, 1,470 sqft condo home for sale at $89,900 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,025/mo and returns $361/mo a month at a 11.5% 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
- $361/mo
- Cap rate
- 11.5%
- Cash-on-cash
- 24.1%
- Max offer
- $89,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading