For saleSingle family
$375,000
3905 Elliot Ave
Minneapolis MN 55407
4 beds, 2 baths, 2,086 sqft
3905 Elliot Ave is a 4 beds, 2 baths, 2,086 sqft single family home for sale at $375,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,125/mo and returns -$552/mo a month at a 4.9% 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
- $2,125/mo
- Monthly cash flow
- -$552/mo
- Cap rate
- 4.9%
- Cash-on-cash
- -8.8%
- Max offer
- $251,500
Offer ≤ $251,500 (33% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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