For saleSingle family
$337,900
407 Mesabi Dr
Hibbing MN 55746
3 beds, 2.5 baths, 1,970 sqft
407 Mesabi Dr is a 3 beds, 2.5 baths, 1,970 sqft single family home for sale at $337,900 in Hibbing MN 55746. At 20% down it rents for an estimated $1,225/mo and returns -$1,187/mo a month at a 2.5% 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
- -$1,187/mo
- Cap rate
- 2.5%
- Cash-on-cash
- -21.1%
- Max offer
- $145,500
Offer ≤ $145,500 (57% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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