For saleMulti-family
$500,000
3400 Elliot Ave
Minneapolis MN 55407
4 beds, 4 baths, 3,277 sqft
3400 Elliot Ave is a 4 beds, 4 baths, 3,277 sqft multi-family home for sale at $500,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $5,000/mo and returns $1,493/mo a month at a 10.1% 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
- $5,000/mo
- Monthly cash flow
- $1,493/mo
- Cap rate
- 10.1%
- Cash-on-cash
- 17.9%
- Max offer
- $500,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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