For saleCondo
$77,900
1618 Superior Shores Dr Unit 103
Two Harbors MN 55616
2 beds, 2 baths, 1,260 sqft
1618 Superior Shores Dr Unit 103 is a 2 beds, 2 baths, 1,260 sqft condo home for sale at $77,900 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,025/mo and returns $387/mo a month at a 12.6% 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
- $1,025/mo
- Monthly cash flow
- $387/mo
- Cap rate
- 12.6%
- Cash-on-cash
- 29.8%
- Max offer
- $77,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading