For saleMulti-family
$174,900
1114 E 22nd St
Hibbing MN 55746
6 beds, 3 baths, 2,625 sqft
1114 E 22nd St is a 6 beds, 3 baths, 2,625 sqft multi-family home for sale at $174,900 in Hibbing MN 55746. At 20% down it rents for an estimated $2,750/mo and returns $1,523/mo a month at a 17.0% 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
- $2,750/mo
- Monthly cash flow
- $1,523/mo
- Cap rate
- 17.0%
- Cash-on-cash
- 52.3%
- Max offer
- $174,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
Loading listing…
Fetching the market snapshot.