For saleMulti-family
$139,900
1905 E 8th Ave
Hibbing MN 55746
3 beds, 2 baths, 1,254 sqft
1905 E 8th Ave is a 3 beds, 2 baths, 1,254 sqft multi-family home for sale at $139,900 in Hibbing MN 55746. At 20% down it rents for an estimated $2,200/mo and returns $1,201/mo a month at a 17.0% 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
- $2,200/mo
- Monthly cash flow
- $1,201/mo
- Cap rate
- 17.0%
- Cash-on-cash
- 51.5%
- Max offer
- $139,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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