For saleCondo
$49,900
1625 Superior Shores Dr Unit 75B
Two Harbors MN 55616
1 bed, 1 bath, 864 sqft
1625 Superior Shores Dr Unit 75B is a 1 bed, 1 bath, 864 sqft condo home for sale at $49,900 in Two Harbors MN 55616. At 20% down it rents for an estimated $925/mo and returns $507/mo a month at a 18.9% 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
- $507/mo
- Cap rate
- 18.9%
- Cash-on-cash
- 60.9%
- Max offer
- $49,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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