For saleMulti-family
$185,000
3305 Elliot Ave
Minneapolis MN 55407
3 beds, 2 baths, 1,752 sqft
3305 Elliot Ave is a 3 beds, 2 baths, 1,752 sqft multi-family home for sale at $185,000 in Minneapolis MN 55407. At 20% down it rents for an estimated $3,000/mo and returns $1,679/mo a month at a 17.6% 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
- $3,000/mo
- Monthly cash flow
- $1,679/mo
- Cap rate
- 17.6%
- Cash-on-cash
- 54.5%
- Max offer
- $185,000
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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