For saleCondo
$89,000
1621 Superior Shores Dr Unit 71
Two Harbors MN 55616
3 beds, 3 baths, 1,620 sqft
1621 Superior Shores Dr Unit 71 is a 3 beds, 3 baths, 1,620 sqft condo home for sale at $89,000 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,150/mo and returns $420/mo a month at a 12.3% 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
- $420/mo
- Cap rate
- 12.3%
- Cash-on-cash
- 28.3%
- Max offer
- $89,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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