For saleSingle family
$79,000
2519 3rd Ave E
Hibbing MN 55746
3 beds, 2 baths, 1,156 sqft
2519 3rd Ave E is a 3 beds, 2 baths, 1,156 sqft single family home for sale at $79,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,225/mo and returns $661/mo a month at a 16.7% 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
- $661/mo
- Cap rate
- 16.7%
- Cash-on-cash
- 50.2%
- Max offer
- $79,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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