For saleSingle family
$50,000
1220 E 14th Ave
Hibbing MN 55746
3 beds, 1 bath, 988 sqft
1220 E 14th Ave is a 3 beds, 1 bath, 988 sqft single family home for sale at $50,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,250/mo and returns $893/mo a month at a 28.1% 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
- $1,250/mo
- Monthly cash flow
- $893/mo
- Cap rate
- 28.1%
- Cash-on-cash
- 107.2%
- Max offer
- $50,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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