For saleMulti-family
$169,900
1317 E 13th Ave
Hibbing MN 55746
5 beds, 2 baths, 1,920 sqft
1317 E 13th Ave is a 5 beds, 2 baths, 1,920 sqft multi-family home for sale at $169,900 in Hibbing MN 55746. At 20% down it rents for an estimated $2,500/mo and returns $1,287/mo a month at a 15.8% 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
- $2,500/mo
- Monthly cash flow
- $1,287/mo
- Cap rate
- 15.8%
- Cash-on-cash
- 45.5%
- Max offer
- $169,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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