121 1st St W

Cash flows

31 photos

Photos, via Realtor.com.

Asking price: $329,900
Monthly cash flow: $506
Estimated rent: $3,975/mo
Break-even price: $424,924

Adjust the numbers See the full breakdown

From the listing

Welcome to this fantastic investment opportunity in the heart of Maple Lake - where small-town living meets convenience and community charm. This well-maintained triplex features three beautifully updated units, with the potential to add a fourth unit in the basement for even greater income potential. Located in a desirable neighborhood close to local shopping, restaurants, parks, and schools, this property also puts you just minutes from all of the year-round festivities and community events that make Maple Lake such a special place to call home. Each unit has been thoughtfully renovated to offer modern updates while still maintaining a warm and inviting feel. With strong rental demand in the area and flexible opportunities for investors or owner-occupants alike, this property is a rare chance to enjoy steady income potential in a welcoming small-town setting.

Description from Realtor.com, MLS #7072871. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

The numbers

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: $329,900
Cash to close: $75,877
Price per unit: $109,967
GRM: 6.9

Each month

Cash flow: $506/mo
Cash-on-cash: 8.0%
Cap rate: 8.2%
DSCR: 1.29×

Break-even

Price that breaks even: $424,924
Rent that breaks even: $3,343/mo

Long run

Year 30: property vs stocks: $2.20M vs $578K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$3,975
Vacancy (6%)	−$238
Collected	$3,736
Property tax Listing	−$330
Insurance Estimate	−$273
Water, sewer, trash Estimate	−$255
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (7% of rent)	−$278
Capital reserve (7% of rent)	−$278
Net operating income	$2,262
Mortgage (principal + interest)	−$1,756
Cash flow	$506
Principal paid down (equity, not cash)	$223

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	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $296,910 of principal by year 30	$0
Plus rental profits, invested at 7%$526,537 of profit by year 30, before investment growth	$1,136,846
What you'd walk away with	$1,889,555
If you put the same money in stocks
Cash to close ($42,887) invested at 7%	$326,467
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$326,467
Building minus stocks	$1,563,088

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $296,910 of principal by year 30	$0
Plus rental profits, invested at 7%$341,961 of profit by year 30, before investment growth	$662,950
What you'd walk away with	$1,415,659
If you put the same money in stocks
Cash to close ($42,887) invested at 7%	$326,467
Monthly shortfalls ($7,410 total by yr 30) investedThe money you'd have put into the building while it lost money	$49,194
What you'd walk away with	$375,661
Building minus stocks	$1,039,998

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $287,910 of principal by year 30	$0
Plus rental profits, invested at 7%$548,363 of profit by year 30, before investment growth	$1,206,459
What you'd walk away with	$1,936,352
If you put the same money in stocks
Cash to close ($41,587) invested at 7%	$316,571
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$316,571
Building minus stocks	$1,619,781

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $287,910 of principal by year 30	$0
Plus rental profits, invested at 7%$360,642 of profit by year 30, before investment growth	$712,296
What you'd walk away with	$1,442,188
If you put the same money in stocks
Cash to close ($41,587) invested at 7%	$316,571
Monthly shortfalls ($4,266 total by yr 30) investedThe money you'd have put into the building while it lost money	$28,927
What you'd walk away with	$345,498
Building minus stocks	$1,096,690

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $263,920 of principal by year 30	$0
Plus rental profits, invested at 7%$614,458 of profit by year 30, before investment growth	$1,443,054
What you'd walk away with	$2,195,763
If you put the same money in stocks
Cash to close ($75,877) invested at 7%	$577,595
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$577,595
Building minus stocks	$1,618,168

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $263,920 of principal by year 30	$0
Plus rental profits, invested at 7%$422,471 of profit by year 30, before investment growth	$919,964
What you'd walk away with	$1,672,672
If you put the same money in stocks
Cash to close ($75,877) invested at 7%	$577,595
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$577,595
Building minus stocks	$1,095,077

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $255,920 of principal by year 30	$0
Plus rental profits, invested at 7%$633,619 of profit by year 30, before investment growth	$1,503,385
What you'd walk away with	$2,233,278
If you put the same money in stocks
Cash to close ($73,577) invested at 7%	$560,087
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$560,087
Building minus stocks	$1,673,191

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $255,920 of principal by year 30	$0
Plus rental profits, invested at 7%$441,632 of profit by year 30, before investment growth	$980,295
What you'd walk away with	$1,710,187
If you put the same money in stocks
Cash to close ($73,577) invested at 7%	$560,087
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$560,087
Building minus stocks	$1,150,100

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $247,425 of principal by year 30	$0
Plus rental profits, invested at 7%$653,965 of profit by year 30, before investment growth	$1,567,450
What you'd walk away with	$2,320,158
If you put the same money in stocks
Cash to close ($92,372) invested at 7%	$703,159
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$703,159
Building minus stocks	$1,616,999

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $247,425 of principal by year 30	$0
Plus rental profits, invested at 7%$461,978 of profit by year 30, before investment growth	$1,044,359
What you'd walk away with	$1,797,068
If you put the same money in stocks
Cash to close ($92,372) invested at 7%	$703,159
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$703,159
Building minus stocks	$1,093,909

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $239,925 of principal by year 30	$0
Plus rental profits, invested at 7%$671,928 of profit by year 30, before investment growth	$1,624,010
What you'd walk away with	$2,353,903
If you put the same money in stocks
Cash to close ($89,572) invested at 7%	$681,845
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$681,845
Building minus stocks	$1,672,058

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $239,925 of principal by year 30	$0
Plus rental profits, invested at 7%$479,942 of profit by year 30, before investment growth	$1,100,920
What you'd walk away with	$1,830,812
If you put the same money in stocks
Cash to close ($89,572) invested at 7%	$681,845
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$681,845
Building minus stocks	$1,148,967

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 $2.20M, stocks $578K. 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.

1 bed estimate $1,325/mo · range $1,225–$1,525 · 11 rentals in Wright County

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1506 Anderson Ave, Buffalo	$995	1 / 1	900	7.0 mi	2025-06-30	Apartment
151 5th St NE, Buffalo	$1,195	1 / 1	600	7.2 mi	2026-09-23	Apartment
415 9th St NE, Buffalo	$1,250	1 / 1	750	7.3 mi	2026-07-01	Apartment
1255 Edmonson Ave NE, Monticello	$1,330	1 / 1	840	10.8 mi	2025-04-29	Apartment
212 Locust St, Monticello	$1,525	1 / 1	710	11.3 mi	2025-05-06	Apartment
204 Locust St, Monticello	$1,299	1 / 1	900	11.4 mi	2026-07-30	Apartment
708 7th St NW, Monticello	$1,215	1 / 1	850	11.5 mi	2025-04-03	Apartment
845 Ash St, Clearwater	$1,395	1 / 1	740	13.2 mi	2025-04-03	Apartment
11833 Frankfort Pkwy NE Apt 213, Saint Michael	$1,515	1 / 1	702	17.2 mi	—	Apartment
11877 Frankfort Pkwy NE Apt 210, Saint Michael	$1,515	1 / 1	685	17.3 mi	—	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 121 1ST ST W

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 137 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.	$3,960
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$3,280
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$255
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. "fully renovated" in the description: -1 pts each	7% / 7%

Status history

2026-05-21Price increase at $329,900 (was $275,000) · from listing history
2026-05-21New at $329,900

From the listing Listing

Listed as	triplex
Property tax, 2026	$3,960
County	Wright
Parcel number	110010007011

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 Maple Lake on rental licensing before you buy.