For saleSingle family
$199,900
2810 3rd Ave W
Hibbing MN 55746
4 beds, 2 baths, 2,024 sqft
2810 3rd Ave W is a 4 beds, 2 baths, 2,024 sqft single family home for sale at $199,900 in Hibbing MN 55746. At 20% down it rents for an estimated $1,375/mo and returns -$52/mo a month at a 6.4% 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
- -$52/mo
- Cap rate
- 6.4%
- Cash-on-cash
- -1.6%
- Max offer
- $162,500
Offer ≤ $162,500 (19% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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