For saleSingle family
$98,500
1606 3rd Ave E
Hibbing MN 55746
2 beds, 2 baths, 1,523 sqft
1606 3rd Ave E is a 2 beds, 2 baths, 1,523 sqft single family home for sale at $98,500 in Hibbing MN 55746. At 20% down it rents for an estimated $1,100/mo and returns $397/mo a month at a 11.5% 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
- $1,100/mo
- Monthly cash flow
- $397/mo
- Cap rate
- 11.5%
- Cash-on-cash
- 24.2%
- Max offer
- $98,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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