645 Stanley RdTwo 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 645 Stanley Rd, Two Harbors, MN, 55616 with 5% annual appreciation on a $390,000 basis while $2,674/mo rent supports operations. Total monthly income totals $2,674/mo and a $1,909/mo payment preserves $239/mo for cash returns. Annual cash flow comes to $2,862/yr on $129,285 deployed, and return on cash invested reaches 22.12% in year one. Equity gained on principal adds $2,517/yr, and five-year appreciation sums $107,750 alongside rental yield of 8.23%. Five-year ROI measures 114.79% and total cumulative return in cash totals $148,412.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,674/mo property income versus a $1,909/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
5 Acres 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: Lynn Larson • Century 21 Atwood
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6122104
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-20 04:07:26 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#939)