403 2nd 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 403 2nd Ave, Two Harbors, MN, 55616 uses $105,749 cash to close to unlock $17,380/yr annual cash flow and $1,448/mo monthly cash flow. Total monthly income runs $3,440/mo, and a $1,561/mo payment keeps the spread at $1,448/mo. Purchase price stands at $319,000, and rental yield measures 12.94% with $3,440/mo rent. Return on cash invested shows 36.34% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 191.06% and total cumulative return in cash records $202,045. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,440/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 1908
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: Kurtis Pauley • NAI Legacy
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6787426