$95,000
130 E 16th St
Hibbing MN 55746
4 beds, 2 baths, 1,968 sqft
130 E 16th St is a 4 beds, 2 baths, 1,968 sqft multi-family home for sale at $95,000 in Hibbing MN 55746. See the full deal score, rent estimate, cash flow, cap rate, and max offer below.
$95,000
130 E 16th St
Hibbing MN 55746
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Pro forma
The seller reports collecting $1,750/mo today. That is $250/mo below the $2,000/mo market rent this page and the board are priced on (13%), so raising rents to market is the upside here. Model whichever you are underwriting.
Every number on this page assumes the home stays rented and nothing is set aside. That is deliberate, but it is not what most landlords spend. Standard investor assumptions (23% of rent, about $402/mo for management, vacancy, maintenance and CapEx) would put cash flow at $762/mo. Set your own below.
Monthly payment (PITI)
- Principal & interest$459
- Property tax$95
- Insurance$32
- Total payment$586/mo
Cash-flow math charges taxes, insurance, HOA and PMI in full and holds nothing back from rent, the same basis your board ranks on. Management, vacancy, maintenance and CapEx are yours to set above.
Cash you'd need to close (est.)
- Down payment (25.0%)$23,750
- Closing costs (~3%: title, lender, prepaid escrow)$2,850
- Reserves (2 months of payments)$1,172
- Total cash to close$27,772
An estimate — your lender's Loan Estimate is the real number. Doesn't include any repairs needed before renting.
Where it sits
130 E 16th St in context — the streets, water and amenities around it.
Property details
130 E 16th St · Hibbing MN 55746
- Beds
- 4
- Baths
- 2
- Square feet
- 1,968
- Price / sqft
- $48
- Home type
- Duplex
- Days on market
- 140 days
- HOA
- Not reported
- Status
- For Sale
Status per the source feed — contingent/pending changes can lag the MLS by up to ~12 hours.