For saleCondo
$78,888
1623 Superior Shores Dr Unit 73B
Two Harbors MN 55616
2 beds, 2 baths, 1,120 sqft
1623 Superior Shores Dr Unit 73B is a 2 beds, 2 baths, 1,120 sqft condo home for sale at $78,888 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,025/mo and returns $413/mo a month at a 12.9% 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
- $1,025/mo
- Monthly cash flow
- $413/mo
- Cap rate
- 12.9%
- Cash-on-cash
- 31.4%
- Max offer
- $78,888
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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