For saleCondo
$62,000
1557 Superior Shores Dr Unit 17-7
Two Harbors MN 55616
2 beds, 2 baths, 1,260 sqft
1557 Superior Shores Dr Unit 17-7 is a 2 beds, 2 baths, 1,260 sqft condo home for sale at $62,000 in Two Harbors MN 55616. At 20% down it rents for an estimated $1,025/mo and returns $469/mo a month at a 15.7% 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
- $469/mo
- Cap rate
- 15.7%
- Cash-on-cash
- 45.4%
- Max offer
- $62,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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