For saleSingle family
$549,900
3820 Elliot Ave
Minneapolis MN 55407
4 beds, 3 baths, 2,334 sqft
3820 Elliot Ave is a 4 beds, 3 baths, 2,334 sqft single family home for sale at $549,900 in Minneapolis MN 55407. At 20% down it rents for an estimated $2,050/mo and returns -$1,876/mo a month at a 2.6% 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
- $2,050/mo
- Monthly cash flow
- -$1,876/mo
- Cap rate
- 2.6%
- Cash-on-cash
- -20.5%
- Max offer
- $243,500
Offer ≤ $243,500 (56% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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