For saleCondo
$35,900
1602 Superior Shores Dr Unit 119
Two Harbors MN 55616
1 bed, 1 bath, 792 sqft
1602 Superior Shores Dr Unit 119 is a 1 bed, 1 bath, 792 sqft condo home for sale at $35,900 in Two Harbors MN 55616. At 20% down it rents for an estimated $925/mo and returns $567/mo a month at a 25.6% 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
- $925/mo
- Monthly cash flow
- $567/mo
- Cap rate
- 25.6%
- Cash-on-cash
- 94.8%
- Max offer
- $35,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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