823 9th 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
Rental property for sale in Two Harbors at 823 9th Ave, Two Harbors, MN, 55616 generates $1,253/mo in rent and, after a $783/mo payment, leaves $254/mo in cash flow. Total monthly income is $1,253/mo, and annual cash flow is $3,050/yr on $53,007 invested. Return on cash invested sits at 25.66% in year one, and rental yield is 9.4% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 133.85% and total cumulative return in cash sums $70,950. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,253/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
6,969 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
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Nearby investment properties with comparable prices
Listed by: Darrin Young • Legacy Real Estate Group LLC
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6118543
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.