For saleCondo
$62,900
1624 6 Superior Shrs Unit 85
Two Harbors MN 55616
2 beds, 2 baths, 1,250 sqft
1624 6 Superior Shrs Unit 85 is a 2 beds, 2 baths, 1,250 sqft condo home for sale at $62,900 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,025/mo and returns $464/mo a month at a 15.5% 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
- $464/mo
- Cap rate
- 15.5%
- Cash-on-cash
- 44.2%
- Max offer
- $62,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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