1502 8th 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
Investment property for sale in Two Harbors at 1502 8th Ave, Two Harbors, MN, 55616 earns $797/mo cash flow from $2,664/mo rent with a $1,463/mo payment. Total monthly income totals $2,664/mo, and annual cash flow totals $9,568/yr on $99,119 capital. ROI tracks 29.56% on current figures, and rental yield reads 10.69% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 154.71% and total cumulative return in cash sums $153,346. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,664/mo property income instead of your personal income.
Single Family
Built in 1929
0.32 Acres 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: Laura Toland • Legacy Real Estate Group LLC
Mls Name: Lake Superior Area Realtors
Mls ID: #6121892