3521 S Inner DrHibbingMN55746
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 3521 S Inner Dr, Hibbing, MN, 55746 offers a 9.23% rental yield on a $164,900 purchase with $1,268/mo rent. Total monthly income registers $1,268/mo, and a $807/mo payment leaves $238/mo available for distribution. Annual cash flow reaches $2,861/yr on $54,664 to close, and return on cash invested stands at 25.14% in year one. Equity gained on principal adds $1,064/yr while 5% annual appreciation supports $45,559 over five years. Portfolio math shows five-year ROI at 131.02% and total cumulative return in cash at $71,620. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,268/mo property income against a $807/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua Renskers • Village Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119561
Disclaimer: Information is supplied by seller and other third parties and has not been verified. Open House information is subject to change without notice. Copyright 2025 Lake Superior Area REALTORS, Inc.® MLS All Rights Reserved.