For saleCondo
$81,900
1412 Burlington Rd # 5-502
Two Harbors MN 55616
3 beds, 3 baths, 1,700 sqft
1412 Burlington Rd # 5-502 is a 3 beds, 3 baths, 1,700 sqft condo home for sale at $81,900 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,150/mo and returns $490/mo a month at a 13.8% 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
- $490/mo
- Cap rate
- 13.8%
- Cash-on-cash
- 35.9%
- Max offer
- $81,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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