563 Larsmont Way #430Two 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 563 Larsmont Way #430, Two Harbors, MN, 55616 earns from $1,548/mo rent with a $1,121/mo payment. Total monthly income totals $1,548/mo. ROI tracks 7.39% on current figures, and rental yield reads 8.11% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 40.96% and total cumulative return in cash sums $31,097. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,548/mo property income instead of your 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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Nearby investment properties with comparable prices
Listed by: Alex Chapek • Odyssey Real Estate Group
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6120383
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.