524 14th AveTwo 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 524 14th Ave, Two Harbors, MN, 55616 uses $97,793 cash to close to unlock $6,621/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $2,394/mo, and a $1,444/mo payment keeps the spread at $552/mo. Purchase price stands at $295,000, and rental yield measures 9.74% with $2,394/mo rent. Return on cash invested shows 26.68% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 139.23% and total cumulative return in cash records $136,154. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,394/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1952
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: Amanda Thomas • Coldwell Banker Realty - Duluth
Mls Name: Lake Superior Area Realtors
Mls ID: #6123112