For saleMulti-family
$549,500
2106 Elliot Ave
Minneapolis MN 55404
6 beds, 3 baths, 3,514 sqft
2106 Elliot Ave is a 6 beds, 3 baths, 3,514 sqft multi-family home for sale at $549,500 in Minneapolis MN 55404. At 20% down it rents for an estimated $4,700/mo and returns $846/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
- $4,700/mo
- Monthly cash flow
- $846/mo
- Cap rate
- 8.4%
- Cash-on-cash
- 9.2%
- Max offer
- $549,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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