For saleSingle family
$299,900
3617 2nd Ave W
Hibbing MN 55746
5 beds, 3 baths, 3,123 sqft
3617 2nd Ave W is a 5 beds, 3 baths, 3,123 sqft single family home for sale at $299,900 in Hibbing MN 55746. At 20% down it rents for an estimated $1,500/mo and returns -$641/mo a month at a 4.1% 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
- $1,500/mo
- Monthly cash flow
- -$641/mo
- Cap rate
- 4.1%
- Cash-on-cash
- -12.8%
- Max offer
- $177,500
Offer ≤ $177,500 (41% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
Loading