886 Shoreview Heights RdTwo 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 886 Shoreview Heights Rd, Two Harbors, MN, 55616 priced at $419,000 converts $2,950/mo rent into $333/mo cash flow after a $2,051/mo obligation. Total monthly income equals $2,950/mo, and annual cash flow totals $4,000/yr on $138,899 invested. Return on cash invested prints 22.79% in year one, and rental yield reads 8.45% against a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation compiles into $115,762 by year five. Five-year ROI reaches 118.37% and total cumulative return in cash sums $164,417. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,950/mo property income covering a $2,051/mo payment, not borrower’s personal income.
Single Family
Built in 1920
2.88 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: Sue Bott • RE/MAX Professionals - Two Harbors
Mls Name: Lake Superior Area Realtors
Mls ID: #6121794