For saleSingle family
$250,000
1838 Loop Rd
Two Harbors MN 55616
3 beds, 2 baths, 1,008 sqft
1838 Loop Rd is a 3 beds, 2 baths, 1,008 sqft single family home for sale at $250,000 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,150/mo and returns -$635/mo a month at a 3.6% 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
- $1,150/mo
- Monthly cash flow
- -$635/mo
- Cap rate
- 3.6%
- Cash-on-cash
- -15.2%
- Max offer
- $136,000
Offer ≤ $136,000 (46% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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