129 3rd AveTwo HarborsMN55616
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Two Harbors at 129 3rd Ave, Two Harbors, MN, 55616 generates $1,395/mo in rent and, after a $905/mo payment, leaves $240/mo in cash flow. Total monthly income is $1,395/mo, and annual cash flow is $2,883/yr on $61,328 invested. Return on cash invested sits at 24.61% in year one, and rental yield is 9.05% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 128.19% and total cumulative return in cash sums $78,615. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,395/mo property income rather than buyer’s personal income.
Single Family
Built in 1906
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55616, Two Harbors, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,331 (100%) |
| Owner Occupied HU | 2,594 (59.9%) |
| Renter Occupied HU | 623 (14.4%) |
| Vacant Housing Units | 1,114 (25.7%) |
| Median Home Value | $291,129 |
| Average Home Value | $327,777 |
Housing Distribution
Address Breakdown
Residential
3,287
Single Family
3,073
Multi-Family
214
Businesses
253
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Listed by: Vicky Biren • The Biren Realty Group
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6789853