For saleSingle family
$400,000
4304 Elliot Ave
Minneapolis MN 55407
3 beds, 2 baths, 1,308 sqft
4304 Elliot Ave is a 3 beds, 2 baths, 1,308 sqft single family home for sale at $400,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,100/mo and returns -$756/mo a month at a 4.4% 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
- $2,100/mo
- Monthly cash flow
- -$756/mo
- Cap rate
- 4.4%
- Cash-on-cash
- -11.3%
- Max offer
- $248,500
Offer ≤ $248,500 (38% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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