For saleSingle family
$149,000
3919 8th Ave E
Hibbing MN 55746
3 beds, 1 bath, 1,214 sqft
3919 8th Ave E is a 3 beds, 1 bath, 1,214 sqft single family home for sale at $149,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,225/mo and returns $161/mo a month at a 8.0% 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
- $161/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.5%
- Max offer
- $144,500
Offer ≤ $144,500 (3% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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