For saleSingle family
$450,000
2802 E 6th Ave
Hibbing MN 55746
3 beds, 2 baths, 1,081 sqft
2802 E 6th Ave is a 3 beds, 2 baths, 1,081 sqft single family home for sale at $450,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,225/mo and returns -$1,987/mo a month at a 1.4% 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
- $1,225/mo
- Monthly cash flow
- -$1,987/mo
- Cap rate
- 1.4%
- Cash-on-cash
- -26.5%
- Max offer
- $146,500
Offer ≤ $146,500 (67% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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