For saleSingle family
$120,000
2630 3rd Ave E
Hibbing MN 55746
2 beds, 1 bath, 1,225 sqft
2630 3rd Ave E is a 2 beds, 1 bath, 1,225 sqft single family home for sale at $120,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,100/mo and returns $243/mo a month at a 9.1% 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
- $243/mo
- Cap rate
- 9.1%
- Cash-on-cash
- 12.2%
- Max offer
- $120,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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