For saleMulti-family
$499,900
1508 Elliot Ave
Minneapolis MN 55404
5 beds, 3 baths, 3,000 sqft
1508 Elliot Ave is a 5 beds, 3 baths, 3,000 sqft multi-family home for sale at $499,900 in Minneapolis MN 55404. At 20% down it rents for an estimated $4,300/mo and returns $794/mo a month at a 8.4% 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
- $4,300/mo
- Monthly cash flow
- $794/mo
- Cap rate
- 8.4%
- Cash-on-cash
- 9.5%
- Max offer
- $499,900
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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