2516 21st 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 2516 21st Ave E, Hibbing, MN, 55746 offers a 13.23% rental yield on a $223,000 purchase with $2,459/mo rent. Total monthly income registers $2,459/mo, and a $1,091/mo payment leaves $1,067/mo available for distribution. Annual cash flow reaches $12,803/yr on $73,925 to close, and return on cash invested stands at 37.23% in year one. Equity gained on principal adds $1,439/yr while 5% annual appreciation supports $61,611 over five years. Portfolio math shows five-year ROI at 195.77% and total cumulative return in cash at $144,725. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,459/mo property income against a $1,091/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2001
4,200 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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Listed by: Lee Zieske • Johnson Hometown Realty
Mls Name: Range AOR
Mls ID: #147285
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.