563 Larsmont Way #405Two 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
Total monthly income runs $1,637/mo, and a $1,170/mo payment. Purchase price stands at $239,000, and rental yield measures 8.22% with $1,637/mo rent. Return on cash invested shows 8.31% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 45.76% and total cumulative return in cash records $36,252. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,637/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 2005
N/A lot
$N/A/sqft
$910 monthly 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: Alex Chapek • Odyssey Real Estate Group
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118188
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.