For saleSingle family
$59,900
709 Michigan St
Hibbing MN 55746
2 beds, 1 bath, 686 sqft
709 Michigan St is a 2 beds, 1 bath, 686 sqft single family home for sale at $59,900 in Hibbing MN 55746. At 20% down it rents for an estimated $1,100/mo and returns $672/mo a month at a 20.1% 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
- $1,100/mo
- Monthly cash flow
- $672/mo
- Cap rate
- 20.1%
- Cash-on-cash
- 67.4%
- Max offer
- $59,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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