For saleSingle family
$154,900
3301 W 2nd Ave
Hibbing MN 55746
3 beds, 2 baths, 1,993 sqft
3301 W 2nd Ave is a 3 beds, 2 baths, 1,993 sqft single family home for sale at $154,900 in Hibbing MN 55746. At 20% down it rents for an estimated $1,225/mo and returns $119/mo a month at a 7.6% 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
- $119/mo
- Cap rate
- 7.6%
- Cash-on-cash
- 4.6%
- Max offer
- $144,500
Offer ≤ $144,500 (7% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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