3027 8th 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 3027 8th Ave E, Hibbing, MN, 55746 listed at $154,000 pairs $1,173/mo rent with a $754/mo payment to leave $211/mo cash flow. Total monthly income runs $1,173/mo, and annual cash flow reaches $2,533/yr on $51,051 cash to close. Return on cash invested measures 24.87% in year one, and rental yield registers 9.14% at a $154,000 basis. Equity gained on principal adds $994/yr, and annual property appreciation at 5% supports $42,547 by year five. Five-year ROI tracks 129.64% and total cumulative return in cash totals $66,182. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,173/mo property income relative to a $754/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
0.26 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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