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Greater Minnesota › Elysian

Elysian

Greater Minnesota city. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

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Neighborhood profile

Listings we track
3
Median price per unit
$401K
Typical cash flow
−$6,578
median per month, 20% down
Rent rules
No cap
Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

None yet with verified rents. Every listing here is ranked on rough rent estimates for now (tagged “rough” below); those are places with too few rentals nearby to compare.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 196 W Main St serious flag −$914/mo
  2. 220 Sw Maple Ave serious flag −$12,241/mo

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 196 W Main St serious flag 0.76× stocks
  2. 220 Sw Maple Ave serious flag 0.30× stocks

Value-add

Under-rented, needs work, or room to negotiate.

  1. 220 Sw Maple Ave serious flag Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

  1. 196 W Main St No rents, occupancy or expenses are given, so income can't be checked against the asking price.

Needs more info

Left out of the rankings until a data problem is resolved.

  1. 220 Maple Ave SW No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.

All listings

3 listings. Filter by price or units, or switch the down payment.

  1. 196 W Main St

    $404,900 · 2 units
    Far off
    Cash flow −$914/mo Cap 3.7% Break-even price $233K Yr 30 vs stocks 0.76× Positive in yr 22

    Interesting mixed-use package, but at $404,900 the residential rents don't carry it, so it depends on proven commercial and outbuilding income.

    No rents, occupancy or expenses are given, so income can't be checked against the asking price.

  2. 220 Sw Maple Ave

    $2,400,000 · 4 units
    Far off
    Cash flow −$12,241/mo Cap 0.3% Break-even price $100K Yr 30 vs stocks 0.30× Positive in 30+ yrs

    The claimed 7.5% cap rate needs proof, because our numbers show nowhere near it and the listing data doesn't match the description, so get the rent roll and tax bill before spending time on it.

    Income and expenses are seller-stated and unverified. The expense ratio of about 25% looks low for newer rentals once taxes, insurance, reserves and management are included.

  3. 220 Maple Ave SW

    $2,400,000
    Needs more info

    Needs more info: No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.

Monthly cash flow

−$12,500−$12,000−$11,500−$11,000−$10,500−$10,000−$9,500−$9,000−$8,500−$8,000−$7,500−$7,000−$6,500−$6,000−$5,500−$5,000−$4,500−$4,000−$3,500−$3,000−$2,500−$2,000−$1,500−$1,000−$500$0break-even196 W Main St−$914220 Sw Maple Ave−$12,241

What's changing

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