For saleCondo
$58,900
1557 Superior Shores Dr Unit 17
Two Harbors MN 55616
2 beds, 2 baths, 1,260 sqft
1557 Superior Shores Dr Unit 17 is a 2 beds, 2 baths, 1,260 sqft condo home for sale at $58,900 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,025/mo and returns $490/mo a month at a 16.6% 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
- $490/mo
- Cap rate
- 16.6%
- Cash-on-cash
- 49.9%
- Max offer
- $58,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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