For saleSingle family
$89,900
4405 1st Ave
Hibbing MN 55746
4 beds, 2 baths, 1,596 sqft
4405 1st Ave is a 4 beds, 2 baths, 1,596 sqft single family home for sale at $89,900 in Hibbing MN 55746. At 20% down it rents for an estimated $1,375/mo and returns $733/mo a month at a 16.5% 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
- $1,375/mo
- Monthly cash flow
- $733/mo
- Cap rate
- 16.5%
- Cash-on-cash
- 48.9%
- Max offer
- $89,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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