For saleSingle family
$132,000
408 E 32nd St
Hibbing MN 55746
2 beds, 1 bath, 817 sqft
408 E 32nd St is a 2 beds, 1 bath, 817 sqft single family home for sale at $132,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,100/mo and returns $158/mo a month at a 8.1% 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
- $1,100/mo
- Monthly cash flow
- $158/mo
- Cap rate
- 8.1%
- Cash-on-cash
- 7.2%
- Max offer
- $129,500
Offer ≤ $129,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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