For saleCondo
$59,000
1412 206A N Burlington Rd Unit 3-206
Two Harbors MN 55616
2 beds, 2 baths, 1,250 sqft
1412 206A N Burlington Rd Unit 3-206 is a 2 beds, 2 baths, 1,250 sqft condo home for sale at $59,000 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,025/mo and returns $623/mo a month at a 19.3% 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
- $1,025/mo
- Monthly cash flow
- $623/mo
- Cap rate
- 19.3%
- Cash-on-cash
- 63.3%
- Max offer
- $59,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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