For saleMulti-family
$365,000
2126 3rd Ave E
Hibbing MN 55746
1 bed, 3,352 sqft
2126 3rd Ave E is a 1 bed, 3,352 sqft multi-family home for sale at $365,000 in Hibbing MN 55746. At 20% down it rents for an estimated $925/mo and returns -$1,681/mo a month at a 1.1% 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
- $925/mo
- Monthly cash flow
- -$1,681/mo
- Cap rate
- 1.1%
- Cash-on-cash
- -27.6%
- Max offer
- $110,500
Offer ≤ $110,500 (70% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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