For saleMulti-family
$525,000
3108 Elliot Ave
Minneapolis MN 55407
9 beds, 3 baths, 3,052 sqft
3108 Elliot Ave is a 9 beds, 3 baths, 3,052 sqft multi-family home for sale at $525,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $4,350/mo and returns $602/mo a month at a 8.0% 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
- $4,350/mo
- Monthly cash flow
- $602/mo
- Cap rate
- 8.0%
- Cash-on-cash
- 6.9%
- Max offer
- $513,500
Offer ≤ $513,500 (2% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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