For saleSingle family
$589,900
1241 Airport Rd
Two Harbors MN 55616
3 beds, 2 baths, 1,463 sqft
1241 Airport Rd is a 3 beds, 2 baths, 1,463 sqft single family home for sale at $589,900 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,150/mo and returns -$3,061/mo a month at a 0.4% 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
- -$3,061/mo
- Cap rate
- 0.4%
- Cash-on-cash
- -31.1%
- Max offer
- $138,500
Offer ≤ $138,500 (77% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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