3451 Drummond GradeTwo 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 3451 Drummond Grade, Two Harbors, MN, 55616 earns from $1,052/mo rent with a $974/mo payment. Total monthly income totals $1,052/mo. ROI tracks 16.44% on current figures, and rental yield reads 6.34% at a $199,000 purchase. Equity gained on principal adds $1,284/yr, and 5% annual appreciation supports $54,980 over five years. Five-year ROI reaches 84.36% and total cumulative return in cash sums $55,650. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,052/mo property income instead of your personal income.
Single Family
Built in 1994
35 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: Doug Kman • Coldwell Banker Realty - Duluth
Mls Name: Lake Superior Area Realtors
Mls ID: #6122802