For saleMulti-family
$165,000
1105 16th Ave E
Hibbing MN 55746
4 beds, 3 baths, 1,800 sqft
1105 16th Ave E is a 4 beds, 3 baths, 1,800 sqft multi-family home for sale at $165,000 in Hibbing MN 55746. At 20% down it rents for an estimated $2,300/mo and returns $1,122/mo a month at a 14.8% 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
- $2,300/mo
- Monthly cash flow
- $1,122/mo
- Cap rate
- 14.8%
- Cash-on-cash
- 40.8%
- Max offer
- $165,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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