For saleTownhouse
$160,000
2445 Elliot Ave
Minneapolis MN 55404
2 beds, 1 bath, 1,170 sqft
2445 Elliot Ave is a 2 beds, 1 bath, 1,170 sqft townhouse home for sale at $160,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,475/mo and returns $38/mo a month at a 7.0% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $1,475/mo
- Monthly cash flow
- $38/mo
- Cap rate
- 7.0%
- Cash-on-cash
- 1.4%
- Max offer
- $138,000
Offer ≤ $138,000 (14% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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