For saleSingle family
$179,900
3509 1st Ave
Hibbing MN 55746
4 beds, 3 baths, 2,315 sqft
3509 1st Ave is a 4 beds, 3 baths, 2,315 sqft single family home for sale at $179,900 in Hibbing MN 55746. At 20% down it rents for an estimated $1,375/mo and returns $91/mo a month at a 7.3% 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
- $1,375/mo
- Monthly cash flow
- $91/mo
- Cap rate
- 7.3%
- Cash-on-cash
- 3.0%
- Max offer
- $162,000
Offer ≤ $162,000 (10% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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