For saleSingle family
$75,000
2208 4th Ave W
Hibbing MN 55746
3 beds, 1.5 baths, 2,094 sqft
2208 4th Ave W is a 3 beds, 1.5 baths, 2,094 sqft single family home for sale at $75,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,225/mo and returns $690/mo a month at a 17.7% 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
- $690/mo
- Cap rate
- 17.7%
- Cash-on-cash
- 55.2%
- Max offer
- $75,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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