2701 6th Ave EHibbingMN55746
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2701 6th Ave E, Hibbing, MN, 55746 uses $42,167 cash to close to unlock $19,359/yr annual cash flow and $1,613/mo monthly cash flow. Total monthly income runs $2,408/mo, and a $623/mo payment keeps the spread at $1,613/mo. Purchase price stands at $127,200, and rental yield measures 22.72% with $2,408/mo rent. Return on cash invested shows 65.82% in year one, and 5% annual appreciation builds toward $35,143 over five years. Five-year ROI reaches 349.21% and total cumulative return in cash records $147,252. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,408/mo property income covering a $623/mo payment rather than investor’s personal income.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rena Freeman • Johnson Hometown Realty
Mls Name: Range AOR
Mls ID: #148258
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.