For saleCondo
$72,500
1811 Elliot Ave Apt 8
Minneapolis MN 55404
2 beds, 1 bath, 932 sqft
1811 Elliot Ave Apt 8 is a 2 beds, 1 bath, 932 sqft condo home for sale at $72,500 in Minneapolis MN 55404. At 20% down it rents for an estimated $1,450/mo and returns $272/mo a month at a 11.2% 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
- $1,450/mo
- Monthly cash flow
- $272/mo
- Cap rate
- 11.2%
- Cash-on-cash
- 22.5%
- Max offer
- $72,500
Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.
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