For saleCondo
$89,000
1621 71 1 Superior Shrs Unit 711
Two Harbors MN 55616
3 beds, 3 baths, 1,600 sqft
1621 71 1 Superior Shrs Unit 711 is a 3 beds, 3 baths, 1,600 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 $410/mo a month at a 12.2% 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
- $410/mo
- Cap rate
- 12.2%
- Cash-on-cash
- 27.7%
- Max offer
- $89,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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