Dooralytics
Back to Greater Minnesota

1011 19th St S

Moorhead, MN · View the listing ↗

Close

Photos courtesy of RE/MAX Legacy Realty, via Realtor.com.

Asking price
$385,000
4 units · $96K per unit
Monthly cash flow
−$83
at 20% down, 7%
Estimated rent
$4,000/mo
medium confidence · 9 rentals within 1.5 mi
Break-even price
$369,342
where cash flow hits $0

Adjust the numbers See the full breakdown

The numbers

Down payment %
Offer $
Management
Interest rate %
Edit rents, costs and assumptions

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

The deal

Price
$385,000
Cash to close
$88,550
Price per unit
$96,250
GRM
8.0

Each month

Cash flow
−$83/mo
Cash-on-cash
−1.1%
Cap rate
6.1%
DSCR
0.96×

Break-even

Price that breaks even
$369,342
Rent that breaks even
$4,108/mo

Long run

Year 30: property vs stocks
$1.52M vs $684K
Cash flow turns positive
year 3

Monthly

Monthly breakdown

Rent$4,000
Vacancy (6%)−$240
Collected$3,760
Property tax Listing−$330
Insurance Estimate−$384
Water, sewer, trash Estimate−$340
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (9% of rent)−$360
Capital reserve (8% of rent)−$320
Net operating income$1,966
Mortgage (principal + interest)−$2,049
Cash flow−$83
Principal paid down (equity, not cash)$261

Cash flow each year

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

30 years

How those totals add up

Year 30
If you buy this building
Sale priceValue grows 3% a year from the price$934,496
Minus 6% selling cost−$56,070
Minus loan still owedTenants' rent paid down all $308,000 of principal by year 30$0
Plus rental profits, invested at 7%$331,838 of profit by year 30, before investment growth$641,931
What you'd walk away with$1,520,357
If you put the same money in stocks
Cash to close ($88,550) invested at 7%$674,065
Monthly shortfalls ($1,359 total by yr 30) investedThe money you'd have put into the building while it lost money$9,503
What you'd walk away with$683,569
Building minus stocks$836,788

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.

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

This propertyStocks at 7%

Year 30 (loan paid off): property $1.52M, stocks $684K. The property wins.

Comparable rentals

The closest rental listings with each unit's bedroom count, as of 2026-10-04. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.

3 bed estimate $1,000/mo · range $925–$1,700 · 9 rentals within 1.5 mi

AddressRentBd / BaSq ftDistanceListedType
921 19th St S Apt 4, Moorhead $1,000 3 / 1 850 0.1 mi 2026-09-27 Apartment
1011 18 1/2 St S, Moorhead $925 3 / 1 — 0.1 mi 2025-12-25 Apartment
915-18 1/2 St S, Moorhead $945 3 / 2 1,035 0.1 mi 2025-01-03 Apartment
1810 12th Ave S, Moorhead $925 3 / 1 — 0.1 mi 2026-06-24 Apartment
1802 12th Ave S, Moorhead $925 3 / 1 — 0.1 mi 2025-12-25 Apartment
1521 1st Ave N, Moorhead $1,440 3 / 2 1,400 0.9 mi 2025-04-29 Apartment
1102 28th Ave S, Moorhead $1,695 3 / 2 1,617 1.2 mi 2026-08-12 Apartment
900 30th Ave S, Moorhead $1,880 3 / 2 1,364 1.5 mi 2025-07-10 Apartment
1402 Belsly Blvd, Moorhead $1,695 3 / 2 1,332 1.5 mi 2025-07-02 Apartment

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

  • mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 1011 19TH ST S

Opportunities

  • Long time on market: room to negotiate. Based on: Listing data: 143 days on market

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 Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.$3,964
Insurance / yr Estimateestimate. from units, square feet and age; get a quote$4,606
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid$340
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. 12 bedrooms: +1 pt repairs for wear9% / 8%

Status history

  • New at $385,000

From the listing Listing

Listed asfour plex
Property tax, 2026$3,964
CountyClay
Parcel number586890800

As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.

Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Moorhead on rental licensing before you buy.