2023 E 31st StHibbingMN55746
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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
Rental property for sale in Hibbing at 2023 E 31st St, Hibbing, MN, 55746 generates $1,781/mo in rent and, after a $1,174/mo payment, leaves $283/mo in cash flow. Total monthly income is $1,781/mo, and annual cash flow is $3,398/yr on $79,527 invested. Return on cash invested sits at 24.18% in year one, and rental yield is 8.91% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 125.88% and total cumulative return in cash sums $100,111. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,781/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.30 Acres 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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Listed by: Jack Toman • TR Northern Properties Realty
Mls Name: Range AOR
Mls ID: #148621
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.