For saleMulti-family
$649,999
1604 Elliot Ave
Minneapolis MN 55404
4,757 sqft
1604 Elliot Ave is a 4,757 sqft multi-family home for sale at $649,999 in Minneapolis MN 55404. At 20% down it rents for an estimated $2,500/mo and returns -$2,140/mo a month at a 2.7% 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
- $2,500/mo
- Monthly cash flow
- -$2,140/mo
- Cap rate
- 2.7%
- Cash-on-cash
- -19.8%
- Max offer
- $297,000
Offer ≤ $297,000 (54% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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