For saleSingle family
$139,000
1208 12th Ave E
Hibbing MN 55746
2 beds, 1.5 baths, 1,306 sqft
1208 12th Ave E is a 2 beds, 1.5 baths, 1,306 sqft single family home for sale at $139,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,100/mo and returns $108/mo a month at a 7.6% 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
- $108/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.6%
- Max offer
- $129,500
Offer ≤ $129,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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