For saleSingle family
$129,000
2929 1st Ave
Hibbing MN 55746
2 beds, 2 baths, 1,600 sqft
2929 1st Ave is a 2 beds, 2 baths, 1,600 sqft single family home for sale at $129,000 in Hibbing MN 55746. At 20% down it rents for an estimated $1,100/mo and returns $179/mo a month at a 8.3% 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
- $179/mo
- Cap rate
- 8.3%
- Cash-on-cash
- 8.3%
- Max offer
- $129,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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