402 E 44th 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 402 E 44th St, Hibbing, MN, 55746 generates $2,496/mo in rent and, after a $724/mo payment, leaves $1,572/mo in cash flow. Total monthly income is $2,496/mo, and annual cash flow is $18,866/yr on $49,062 invested. Return on cash invested sits at 58.36% in year one, and rental yield is 20.24% on a $148,000 entry. Equity gained on principal adds $955/yr, while 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 309.19% and total cumulative return in cash sums $151,694. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,496/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
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
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Listed by: Robin Cicmil • Village Realty
Mls Name: Lake Superior Area Realtors
Mls Provider:
Mls ID: #6119241
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-23 01:27:41 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#939)