1129 16th Ave EHibbingMN55746
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Hibbing at 1129 16th Ave E, Hibbing, MN, 55746 offers a 9.58% rental yield on a $129,000 purchase with $1,030/mo rent. Total monthly income registers $1,030/mo, and a $631/mo payment leaves $225/mo available for distribution. Annual cash flow reaches $2,698/yr on $42,764 to close, and return on cash invested stands at 26.22% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,640 over five years. Portfolio math shows five-year ROI at 136.74% and total cumulative return in cash at $58,477. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,030/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 55746, Hibbing, MN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,961 (100%) |
| Owner Occupied HU | 5,525 (61.7%) |
| Renter Occupied HU | 2,367 (26.4%) |
| Vacant Housing Units | 1,069 (11.9%) |
| Median Home Value | $169,966 |
| Average Home Value | $254,265 |
Housing Distribution
Address Breakdown
Residential
8,201
Single Family
7,060
Multi-Family
1,141
Businesses
720
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