1735 Highway 12Two HarborsMN55616
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1735 Highway 12, Two Harbors, MN, 55616 uses $228,655 cash to close to unlock $19,893/yr annual cash flow and $1,658/mo monthly cash flow. Total monthly income runs $5,998/mo, and a $3,402/mo payment keeps the spread at $1,658/mo. Purchase price stands at $695,000, and rental yield measures 10.36% with $5,998/mo rent. Return on cash invested shows 28.76% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 150.34% and total cumulative return in cash records $343,770. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,998/mo property income covering a $3,402/mo payment rather than investor’s personal income.
Single Family
Built in 1979
36.72 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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Nearby investment properties with comparable prices
Listed by: Moe Mossa • Savvy Avenue, LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6121947
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.