$78,000
1807 Elliot Ave Apt 4
Minneapolis MN 55404
2 beds, 1 bath, 1,025 sqft
1807 Elliot Ave Apt 4 is a 2 beds, 1 bath, 1,025 sqft condo home for sale at $78,000 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,450/mo and returns -$75/mo a month at a 5.5% 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
- $1,450/mo
- Monthly cash flow
- -$75/mo
- Cap rate
- 5.5%
- Cash-on-cash
- -5.8%
- Max offer
- $55,500
Offer ≤ $55,500 (29% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
$78,000
1807 Elliot Ave Apt 4, Minneapolis MN 55404
Monthly payment
- Principal and interest
- $423
- Home insurance (estimate)
- $10
- HOA
- $1,004
Estimate only. The rate starts at the national 30 year average (Freddie Mac). Taxes come from the county rate on the listing; insurance is a typical amount for the area, not a quote.
Where it sits
1807 Elliot Ave Apt 4 in context — the streets, water and amenities around it.
Information deemed reliable but not guaranteed. DealBumble is not the listing brokerage. School ratings, flood data and tax records come from third parties. Status can lag the MLS by up to about 12 hours.
Comments
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