415 15th AveTwo HarborsMN55616
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 415 15th Ave, Two Harbors, MN, 55616 in Two Harbors is straightforward: $399,000 in, $2,972/mo in rent, $481/mo out after debt service. The 8.94% gross yield and 1.66 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $110,236 by year five. With $3,675/yr in principal equity, the total cumulative return is projected at $182,345.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.2% |
| Monthly Cash Flow | $481 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,972 |
| Total Monthly Debt Service | $2,333 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1960
9,583 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
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
Single Family
Built in 1960
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sue Bott • RE/MAX Professionals - Two Harbors
Mls Name: Lake Superior Area Realtors
Mls ID: #6121810