For saleSingle family
$237,900
3115 Outer Dr
Hibbing MN 55746
3 beds, 2 baths, 2,000 sqft
3115 Outer Dr is a 3 beds, 2 baths, 2,000 sqft single family home for sale at $237,900 in Hibbing MN 55746. At 20% down it rents for an estimated $1,225/mo and returns -$473/mo a month at a 4.3% 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
- $1,225/mo
- Monthly cash flow
- -$473/mo
- Cap rate
- 4.3%
- Cash-on-cash
- -11.9%
- Max offer
- $145,000
Offer ≤ $145,000 (39% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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