For saleCondo
$36,900
1594 Superior Shores Dr Unit 111
Two Harbors MN 55616
1 bed, 1 bath, 792 sqft
1594 Superior Shores Dr Unit 111 is a 1 bed, 1 bath, 792 sqft condo home for sale at $36,900 in Two Harbors MN 55616. At 20% down it rents for an estimated $925/mo and returns $560/mo a month at a 24.9% 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
- $560/mo
- Cap rate
- 24.9%
- Cash-on-cash
- 91.1%
- Max offer
- $36,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading