For saleSingle family
$450,000
232 N 2nd Ave
Hibbing MN 55746
2 beds, 1 bath, 1,597 sqft
232 N 2nd Ave is a 2 beds, 1 bath, 1,597 sqft single family home for sale at $450,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,100/mo and returns -$2,112/mo a month at a 1.0% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,100/mo
- Monthly cash flow
- -$2,112/mo
- Cap rate
- 1.0%
- Cash-on-cash
- -28.2%
- Max offer
- $131,500
Offer ≤ $131,500 (71% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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