For saleCondo
$87,500
1615 Superior Shores Dr Unit 65
Two Harbors MN 55616
2 beds, 2 baths, 1,640 sqft
1615 Superior Shores Dr Unit 65 is a 2 beds, 2 baths, 1,640 sqft condo home for sale at $87,500 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,025/mo and returns $295/mo a month at a 10.7% 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
- $295/mo
- Cap rate
- 10.7%
- Cash-on-cash
- 20.3%
- Max offer
- $87,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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