411 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 411 8th Ave, Two Harbors, MN, 55616 listed at $224,900 pairs $1,569/mo rent with a $1,101/mo payment to leave $164/mo cash flow. Total monthly income runs $1,569/mo, and annual cash flow reaches $1,973/yr on $74,554 cash to close. Return on cash invested measures 22.55% in year one, and rental yield registers 8.37% at a $224,900 basis. Equity gained on principal adds $1,451/yr, and annual property appreciation at 5% supports $62,136 by year five. Five-year ROI tracks 117.15% and total cumulative return in cash totals $87,337. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,569/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1912
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: Gary Kalligher • RE/MAX Results
Mls Name: Lake Superior Area Realtors
Mls ID: #6123295