993 Scenic DrTwo 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 993 Scenic Dr, Two Harbors, MN, 55616 listed at $315,000 pairs $2,611/mo rent with a $1,542/mo payment to leave $644/mo cash flow. Total monthly income runs $2,611/mo, and annual cash flow reaches $7,725/yr on $104,423 cash to close. Return on cash invested measures 27.31% in year one, and rental yield registers 9.95% at a $315,000 basis. Equity gained on principal adds $2,033/yr, and annual property appreciation at 5% supports $87,029 by year five. Five-year ROI tracks 142.58% and total cumulative return in cash totals $148,889. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,611/mo property income relative to a $1,542/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
3.16 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: Jarett Mickelson • Legacy Real Estate Group LLC
Mls Name: Lake Superior Area Realtors
Mls ID: #6122444