1007 19th Ave NE

Minneapolis, MN · Windom Park · Listing office ↗ · Find the listing ↗

Overpriced

Asking price: $424,000
Monthly cash flow: −$894
Estimated rent: $3,300/mo
Break-even price: $256,040

Adjust these numbers in the calculator See the full breakdown

The numbers

Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).

Estimated rent per unit Estimate

3 bed / 1 bath (est.)$1,650 $1,400–$1,900
3 bed / 1 bath (est.)$1,650 $1,400–$1,900

Rough screening estimate from bedroom count only ($750 + $300 per bedroom, ±15%). Not comparable-rental data; a RentCast estimate replaces it for the top candidates. Confidence: low.

Rent rules: No rent cap.

Price: $424,000
Monthly cash flow: −$894
Cash to close: $97,520
Cap rate: 3.9%
Cash-on-cash: −11.0%
DSCR: 0.60×
GRM: 10.7
Price per unit: $212,000
Price that breaks even: $256,040
Rent that breaks even: $4,461/mo
Cash flow turns positive: year 22
Year 30: property vs stocks: $1.00M vs $1.33M

Monthly breakdown

Rent	$3,300
Vacancy (6%)	−$198
Collected	$3,102
Property tax Estimate	−$742
Insurance Estimate	−$206
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$264
Capital reserve (9% of rent)	−$297
Net operating income	$1,363
Mortgage (principal + interest)	−$2,257
Cash flow	−$894
Principal paid down (equity, not cash)	$287

Cash flow each year

Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.

30 years: this property vs. the same money in stocks

This propertyStocks at 7%

Year 30 (loan paid off): property $1.00M, stocks $1.33M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,029,159
Minus 6% selling cost	−$61,750
Minus loan still owedTenants' rent paid down all $381,600 of principal by year 30	$0
Plus rental profits, invested at 7%$7,481 of profit by year 30, before investment growth	$8,012
What you'd walk away with	$975,421
If you put the same money in stocks
Cash to close ($55,120) invested at 7%	$419,587
Monthly shortfalls ($212,118 total by yr 30) investedThe money you'd have put into the building while it lost money	$948,354
What you'd walk away with	$1,367,941
Building minus stocks	−$392,520

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,029,159
Minus 6% selling cost	−$61,750
Minus loan still owedTenants' rent paid down all $381,600 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$967,410
If you put the same money in stocks
Cash to close ($55,120) invested at 7%	$419,587
Monthly shortfalls ($364,023 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,374,606
What you'd walk away with	$1,794,193
Building minus stocks	−$826,783

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,004,887
Minus 6% selling cost	−$60,293
Minus loan still owedTenants' rent paid down all $372,600 of principal by year 30	$0
Plus rental profits, invested at 7%$11,038 of profit by year 30, before investment growth	$12,097
What you'd walk away with	$956,690
If you put the same money in stocks
Cash to close ($53,820) invested at 7%	$409,692
Monthly shortfalls ($193,849 total by yr 30) investedThe money you'd have put into the building while it lost money	$882,826
What you'd walk away with	$1,292,517
Building minus stocks	−$335,827

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,004,887
Minus 6% selling cost	−$60,293
Minus loan still owedTenants' rent paid down all $372,600 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$944,593
If you put the same money in stocks
Cash to close ($53,820) invested at 7%	$409,692
Monthly shortfalls ($342,197 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,304,993
What you'd walk away with	$1,714,684
Building minus stocks	−$770,091

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,029,159
Minus 6% selling cost	−$61,750
Minus loan still owedTenants' rent paid down all $339,200 of principal by year 30	$0
Plus rental profits, invested at 7%$30,629 of profit by year 30, before investment growth	$36,808
What you'd walk away with	$1,004,217
If you put the same money in stocks
Cash to close ($97,520) invested at 7%	$742,347
Monthly shortfalls ($122,267 total by yr 30) investedThe money you'd have put into the building while it lost money	$583,600
What you'd walk away with	$1,325,947
Building minus stocks	−$321,730

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,029,159
Minus 6% selling cost	−$61,750
Minus loan still owedTenants' rent paid down all $339,200 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$967,410
If you put the same money in stocks
Cash to close ($97,520) invested at 7%	$742,347
Monthly shortfalls ($251,023 total by yr 30) investedThe money you'd have put into the building while it lost money	$981,056
What you'd walk away with	$1,723,403
Building minus stocks	−$755,993

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,004,887
Minus 6% selling cost	−$60,293
Minus loan still owedTenants' rent paid down all $331,200 of principal by year 30	$0
Plus rental profits, invested at 7%$36,874 of profit by year 30, before investment growth	$45,371
What you'd walk away with	$989,964
If you put the same money in stocks
Cash to close ($95,220) invested at 7%	$724,839
Monthly shortfalls ($109,351 total by yr 30) investedThe money you'd have put into the building while it lost money	$531,831
What you'd walk away with	$1,256,670
Building minus stocks	−$266,706

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,004,887
Minus 6% selling cost	−$60,293
Minus loan still owedTenants' rent paid down all $331,200 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$944,593
If you put the same money in stocks
Cash to close ($95,220) invested at 7%	$724,839
Monthly shortfalls ($231,862 total by yr 30) investedThe money you'd have put into the building while it lost money	$920,725
What you'd walk away with	$1,645,564
Building minus stocks	−$700,971

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,029,159
Minus 6% selling cost	−$61,750
Minus loan still owedTenants' rent paid down all $318,000 of principal by year 30	$0
Plus rental profits, invested at 7%$48,569 of profit by year 30, before investment growth	$62,243
What you'd walk away with	$1,029,653
If you put the same money in stocks
Cash to close ($118,720) invested at 7%	$903,727
Monthly shortfalls ($89,431 total by yr 30) investedThe money you'd have put into the building while it lost money	$449,158
What you'd walk away with	$1,352,885
Building minus stocks	−$323,232

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,029,159
Minus 6% selling cost	−$61,750
Minus loan still owedTenants' rent paid down all $318,000 of principal by year 30	$0
Plus rental profits, invested at 7%$230 of profit by year 30, before investment growth	$230
What you'd walk away with	$967,640
If you put the same money in stocks
Cash to close ($118,720) invested at 7%	$903,727
Monthly shortfalls ($200,477 total by yr 30) investedThe money you'd have put into the building while it lost money	$821,409
What you'd walk away with	$1,725,135
Building minus stocks	−$757,495

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,004,887
Minus 6% selling cost	−$60,293
Minus loan still owedTenants' rent paid down all $310,500 of principal by year 30	$0
Plus rental profits, invested at 7%$55,989 of profit by year 30, before investment growth	$73,483
What you'd walk away with	$1,018,076
If you put the same money in stocks
Cash to close ($115,920) invested at 7%	$882,413
Monthly shortfalls ($78,888 total by yr 30) investedThe money you'd have put into the building while it lost money	$403,836
What you'd walk away with	$1,286,249
Building minus stocks	−$268,173

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,004,887
Minus 6% selling cost	−$60,293
Minus loan still owedTenants' rent paid down all $310,500 of principal by year 30	$0
Plus rental profits, invested at 7%$1,092 of profit by year 30, before investment growth	$1,110
What you'd walk away with	$945,704
If you put the same money in stocks
Cash to close ($115,920) invested at 7%	$882,413
Monthly shortfalls ($183,376 total by yr 30) investedThe money you'd have put into the building while it lost money	$765,728
What you'd walk away with	$1,648,141
Building minus stocks	−$702,437

Future dollars. At 3% inflation, divide year-30 figures by about 2.4 for today's buying power. Rental profits are assumed invested, not spent.

Red flags and opportunities

Watch for

highProperty taxes have been delinquent since 2025. Expect penalties and a payoff at closing; ask why. Public record: Hennepin County parcel 1202924330168: earliest delinquent year=25
mediumNo rental license on file in the city's data. Ask whether the building is licensed as a rental and when it was last inspected. Public record: Minneapolis Active Rental Licenses: no record for 1007 19TH AVE N E
mediumBought for $163,000 in Aug 2025; asking is 160% more 14 months later. Ask what was done to justify the jump. Public record: Hennepin County parcel 1202924330168: last sale 2025-08-01, $163,000
mediumAsking is $167,960 above the price where cash flow breaks even ($256,040) at the default scenario. Based on: Derived: price $424,000 vs. break-even $256,040
low$220 in special assessments on the current tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Hennepin County parcel 1202924330168: special assessments (current) = $219.83

Opportunities

None found.

Questions for the agent

Can we see the current leases and a rent roll, with move-in dates?
What did water/sewer/trash, heat and electric cost the owner over the last 12 months?
How old are the roof, boiler or furnaces, water heaters and electrical panels?
Is the building licensed as a rental for this many units, and when was the last city inspection?
Any special assessments pending, and will the seller pay them off at closing?

Standard questions worth asking about any building.

What the records say

Where each number comes from

Property tax / yr Estimateestimate. No tax record found; 2.1% of price.	$8,904
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,475
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$170
Heat / mo Assumptionassumption. tenants pay heat; confirm with the agent	$0
Lawn care / mo Assumptionassumption. $120/mo for 6 months, spread over 12; no snow removal	$60
Repairs / capital reserve Rulerule. built 1900: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1900
Market value (2026)	$283,100
Property tax	$4,086
Special assessments	$220
Homestead	no
Taxes delinquent since	25
Last sale	2025-08-01 · $163,000

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

I 35W, about 1007 m away.

Crime in Windom Park

193 incidents in the last 12 months (34 per 1,000 residents), +41% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-07-29New at $424,000