For saleSingle family
$156,000
3601 3rd Ave W
Hibbing MN 55746
4 beds, 2 baths, 1,520 sqft
3601 3rd Ave W is a 4 beds, 2 baths, 1,520 sqft single family home for sale at $156,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,375/mo and returns $261/mo a month at a 8.7% 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
- $1,375/mo
- Monthly cash flow
- $261/mo
- Cap rate
- 8.7%
- Cash-on-cash
- 10.1%
- Max offer
- $156,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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