For saleMulti-family
$450,000
2514 E 3rd Ave
Hibbing MN 55746
2 beds, 2 baths, 2,196 sqft
2514 E 3rd Ave is a 2 beds, 2 baths, 2,196 sqft multi-family home for sale at $450,000 in Hibbing MN 55746. At 20% down it rents for an estimated $475/mo and returns -$2,737/mo a month at a -0.6% 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
- $475/mo
- Monthly cash flow
- -$2,737/mo
- Cap rate
- -0.6%
- Cash-on-cash
- -36.5%
- Max offer
- $57,500
Offer ≤ $57,500 (87% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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