Minneapolis › Lyndale

122 W 32nd St

Minneapolis, MN · Lyndale · Listing office ↗ · Find the listing ↗

Far off

Needs more info before these numbers mean much. The city's rental license covers 1 unit(s); this analysis counts 2.

Asking price: $357,000
Monthly cash flow: −$1,110
Estimated rent: $2,400/mo
Break-even price: $148,520

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

2 bed / 1 bath (est.)$1,350 $1,150–$1,550
1 bed / 1 bath (est.)$1,050 $900–$1,200

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: $357,000
Monthly cash flow: −$1,110
Cash to close: $82,110
Cap rate: 2.7%
Cash-on-cash: −16.2%
DSCR: 0.42×
GRM: 12.4
Price per unit: $178,500
Price that breaks even: $148,520
Rent that breaks even: $3,841/mo
Cash flow turns positive: not within 30 years
Year 30: property vs stocks: $815K vs $1.65M

Monthly breakdown

Rent	$2,400
Vacancy (6%)	−$144
Collected	$2,256
Property tax Estimate	−$625
Insurance Estimate	−$203
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$192
Capital reserve (9% of rent)	−$216
Net operating income	$790
Mortgage (principal + interest)	−$1,900
Cash flow	−$1,110
Principal paid down (equity, not cash)	$242

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 $815K, stocks $1.65M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$866,533
Minus 6% selling cost	−$51,992
Minus loan still owedTenants' rent paid down all $321,300 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	$814,541
If you put the same money in stocks
Cash to close ($46,410) invested at 7%	$353,285
Monthly shortfalls ($379,251 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,352,976
What you'd walk away with	$1,706,261
Building minus stocks	−$891,720

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$866,533
Minus 6% selling cost	−$51,992
Minus loan still owedTenants' rent paid down all $321,300 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	$814,541
If you put the same money in stocks
Cash to close ($46,410) invested at 7%	$353,285
Monthly shortfalls ($495,167 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,668,804
What you'd walk away with	$2,022,089
Building minus stocks	−$1,207,548

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$842,260
Minus 6% selling cost	−$50,536
Minus loan still owedTenants' rent paid down all $312,300 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	$791,724
If you put the same money in stocks
Cash to close ($45,110) invested at 7%	$343,389
Monthly shortfalls ($357,425 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,283,363
What you'd walk away with	$1,626,752
Building minus stocks	−$835,028

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$842,260
Minus 6% selling cost	−$50,536
Minus loan still owedTenants' rent paid down all $312,300 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	$791,724
If you put the same money in stocks
Cash to close ($45,110) invested at 7%	$343,389
Monthly shortfalls ($473,342 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,599,191
What you'd walk away with	$1,942,580
Building minus stocks	−$1,150,856

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$866,533
Minus 6% selling cost	−$51,992
Minus loan still owedTenants' rent paid down all $285,600 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	$814,541
If you put the same money in stocks
Cash to close ($82,110) invested at 7%	$625,042
Monthly shortfalls ($284,107 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,021,614
What you'd walk away with	$1,646,657
Building minus stocks	−$832,116

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$866,533
Minus 6% selling cost	−$51,992
Minus loan still owedTenants' rent paid down all $285,600 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	$814,541
If you put the same money in stocks
Cash to close ($82,110) invested at 7%	$625,042
Monthly shortfalls ($400,024 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,337,443
What you'd walk away with	$1,962,485
Building minus stocks	−$1,147,944

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$842,260
Minus 6% selling cost	−$50,536
Minus loan still owedTenants' rent paid down all $277,600 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	$791,724
If you put the same money in stocks
Cash to close ($79,810) invested at 7%	$607,534
Monthly shortfalls ($264,946 total by yr 30) investedThe money you'd have put into the building while it lost money	$961,283
What you'd walk away with	$1,568,817
Building minus stocks	−$777,093

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$842,260
Minus 6% selling cost	−$50,536
Minus loan still owedTenants' rent paid down all $277,600 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	$791,724
If you put the same money in stocks
Cash to close ($79,810) invested at 7%	$607,534
Monthly shortfalls ($380,863 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,277,111
What you'd walk away with	$1,884,645
Building minus stocks	−$1,092,921

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$866,533
Minus 6% selling cost	−$51,992
Minus loan still owedTenants' rent paid down all $267,750 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	$814,541
If you put the same money in stocks
Cash to close ($99,960) invested at 7%	$760,921
Monthly shortfalls ($241,355 total by yr 30) investedThe money you'd have put into the building while it lost money	$887,000
What you'd walk away with	$1,647,921
Building minus stocks	−$833,380

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$866,533
Minus 6% selling cost	−$51,992
Minus loan still owedTenants' rent paid down all $267,750 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	$814,541
If you put the same money in stocks
Cash to close ($99,960) invested at 7%	$760,921
Monthly shortfalls ($357,271 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,202,829
What you'd walk away with	$1,963,750
Building minus stocks	−$1,149,209

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$842,260
Minus 6% selling cost	−$50,536
Minus loan still owedTenants' rent paid down all $260,250 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	$791,724
If you put the same money in stocks
Cash to close ($97,160) invested at 7%	$739,607
Monthly shortfalls ($223,392 total by yr 30) investedThe money you'd have put into the building while it lost money	$830,440
What you'd walk away with	$1,570,047
Building minus stocks	−$778,323

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$842,260
Minus 6% selling cost	−$50,536
Minus loan still owedTenants' rent paid down all $260,250 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	$791,724
If you put the same money in stocks
Cash to close ($97,160) invested at 7%	$739,607
Monthly shortfalls ($339,308 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,146,268
What you'd walk away with	$1,885,875
Building minus stocks	−$1,094,151

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

highThe city's rental license covers 1 unit(s); this analysis counts 2. Public record: Minneapolis Active Rental Licenses: 122 32ND ST W, units=1
mediumAsking is $208,480 above the price where cash flow breaks even ($148,520) at the default scenario. Based on: Derived: price $357,000 vs. break-even $148,520

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.	$7,497
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,433
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 1885: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1885
Market value (2026)	$269,500
Property tax	$4,488
Special assessments	none
Homestead	no
Last sale	2018-01-01 · $335,000

Source: Hennepin County parcel records.

City rental license

CHOWNEXMPT: 1 unit(s), Tier 1, status active, renews 2027-03-01.

Nearest highway

I 35W, about 477 m away.

Crime in Lyndale

475 incidents in the last 12 months (66 per 1,000 residents), −2% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-09-04New at $357,000