For saleMulti-family

$95,000

124 E 17th St

Hibbing MN 55746

3 beds, 2 baths, 1,346 sqft

124 E 17th St is a 3 beds, 2 baths, 1,346 sqft multi-family home for sale at $95,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,350/mo and returns $684/mo a month at a 15.2% 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
$1,350/mo
Monthly cash flow
$684/mo
Cap rate
15.2%
Cash-on-cash
43.2%
Max offer
$95,000

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

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