1368 7th St E

Saint Paul, MN · Greater East Side · Find the listing ↗

Overpriced

Asking price: $385,000
Monthly cash flow: −$484
Estimated rent: $3,900/mo
Break-even price: $294,070

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

1 bed / 1 bath (est.)$1,050 $900–$1,200
1 bed / 1 bath (est.)$1,050 $900–$1,200
0 bed / 1 bath (est.)$900 $775–$1,025
0 bed / 1 bath (est.)$900 $775–$1,025

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: Capped at 3%/yr for sitting tenants.

Price: $385,000
Monthly cash flow: −$484
Cash to close: $88,550
Cap rate: 4.9%
Cash-on-cash: −6.6%
DSCR: 0.76×
GRM: 8.2
Price per unit: $96,250
Price that breaks even: $294,070
Rent that breaks even: $4,520/mo
Cash flow turns positive: year 12
Year 30: property vs stocks: $1.06M vs $880K

Monthly breakdown

Rent	$3,900
Vacancy (6%)	−$234
Collected	$3,666
Property tax Public record	−$737
Insurance Estimate	−$340
Water, sewer, trash Estimate	−$340
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$312
Capital reserve (8% of rent)	−$312
Net operating income	$1,565
Mortgage (principal + interest)	−$2,049
Cash flow	−$484
Principal paid down (equity, not cash)	$261

Cash flow each year

Rents +3%/yr (St. Paul's cap for sitting tenants), 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 $1.06M, stocks $880K. The property wins.

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 $346,500 of principal by year 30	$0
Plus rental profits, invested at 7%$70,392 of profit by year 30, before investment growth	$94,476
What you'd walk away with	$972,903
If you put the same money in stocks
Cash to close ($50,050) invested at 7%	$380,993
Monthly shortfalls ($88,849 total by yr 30) investedThe money you'd have put into the building while it lost money	$475,965
What you'd walk away with	$856,958
Building minus stocks	$115,945

	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 $346,500 of principal by year 30	$0
Plus rental profits, invested at 7%$1,333 of profit by year 30, before investment growth	$1,358
What you'd walk away with	$879,784
If you put the same money in stocks
Cash to close ($50,050) invested at 7%	$380,993
Monthly shortfalls ($208,154 total by yr 30) investedThe money you'd have put into the building while it lost money	$896,068
What you'd walk away with	$1,277,061
Building minus stocks	−$397,277

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $337,500 of principal by year 30	$0
Plus rental profits, invested at 7%$80,688 of profit by year 30, before investment growth	$111,290
What you'd walk away with	$966,900
If you put the same money in stocks
Cash to close ($48,750) invested at 7%	$371,097
Monthly shortfalls ($77,320 total by yr 30) investedThe money you'd have put into the building while it lost money	$423,166
What you'd walk away with	$794,263
Building minus stocks	$172,637

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $337,500 of principal by year 30	$0
Plus rental profits, invested at 7%$3,252 of profit by year 30, before investment growth	$3,397
What you'd walk away with	$859,007
If you put the same money in stocks
Cash to close ($48,750) invested at 7%	$371,097
Monthly shortfalls ($188,248 total by yr 30) investedThe money you'd have put into the building while it lost money	$828,494
What you'd walk away with	$1,199,591
Building minus stocks	−$340,584

	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%$120,000 of profit by year 30, before investment growth	$182,031
What you'd walk away with	$1,060,458
If you put the same money in stocks
Cash to close ($88,550) invested at 7%	$674,065
Monthly shortfalls ($35,852 total by yr 30) investedThe money you'd have put into the building while it lost money	$206,169
What you'd walk away with	$880,234
Building minus stocks	$180,224

	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%$15,882 of profit by year 30, before investment growth	$18,274
What you'd walk away with	$896,701
If you put the same money in stocks
Cash to close ($88,550) invested at 7%	$674,065
Monthly shortfalls ($120,098 total by yr 30) investedThe money you'd have put into the building while it lost money	$555,633
What you'd walk away with	$1,229,698
Building minus stocks	−$332,997

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $300,000 of principal by year 30	$0
Plus rental profits, invested at 7%$132,244 of profit by year 30, before investment growth	$206,299
What you'd walk away with	$1,061,909
If you put the same money in stocks
Cash to close ($86,250) invested at 7%	$656,557
Monthly shortfalls ($28,935 total by yr 30) investedThe money you'd have put into the building while it lost money	$170,105
What you'd walk away with	$826,662
Building minus stocks	$235,247

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $300,000 of principal by year 30	$0
Plus rental profits, invested at 7%$21,081 of profit by year 30, before investment growth	$24,982
What you'd walk away with	$880,592
If you put the same money in stocks
Cash to close ($86,250) invested at 7%	$656,557
Monthly shortfalls ($106,136 total by yr 30) investedThe money you'd have put into the building while it lost money	$502,009
What you'd walk away with	$1,158,566
Building minus stocks	−$277,974

	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 $288,750 of principal by year 30	$0
Plus rental profits, invested at 7%$150,631 of profit by year 30, before investment growth	$244,758
What you'd walk away with	$1,123,184
If you put the same money in stocks
Cash to close ($107,800) invested at 7%	$820,601
Monthly shortfalls ($20,377 total by yr 30) investedThe money you'd have put into the building while it lost money	$123,723
What you'd walk away with	$944,325
Building minus stocks	$178,859

	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 $288,750 of principal by year 30	$0
Plus rental profits, invested at 7%$29,628 of profit by year 30, before investment growth	$36,592
What you'd walk away with	$915,018
If you put the same money in stocks
Cash to close ($107,800) invested at 7%	$820,601
Monthly shortfalls ($87,738 total by yr 30) investedThe money you'd have put into the building while it lost money	$428,779
What you'd walk away with	$1,249,380
Building minus stocks	−$334,362

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $281,250 of principal by year 30	$0
Plus rental profits, invested at 7%$163,657 of profit by year 30, before investment growth	$273,492
What you'd walk away with	$1,129,102
If you put the same money in stocks
Cash to close ($105,000) invested at 7%	$799,287
Monthly shortfalls ($15,440 total by yr 30) investedThe money you'd have put into the building while it lost money	$95,897
What you'd walk away with	$895,184
Building minus stocks	$233,918

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$910,223
Minus 6% selling cost	−$54,613
Minus loan still owedTenants' rent paid down all $281,250 of principal by year 30	$0
Plus rental profits, invested at 7%$36,191 of profit by year 30, before investment growth	$46,002
What you'd walk away with	$901,612
If you put the same money in stocks
Cash to close ($105,000) invested at 7%	$799,287
Monthly shortfalls ($76,339 total by yr 30) investedThe money you'd have put into the building while it lost money	$381,628
What you'd walk away with	$1,180,915
Building minus stocks	−$279,303

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

low$865 in special assessments on the payable 2026 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: Ramsey County parcel 272922330021: special assessments (payable 2026) = $865.00

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 Public recordRamsey County record, payable 2026 (non-homestead)	$8,847
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,075
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. base rate	8% / 8%

County record Public record

Recorded as	apartments 4-6 rental units
Living units	4
Year built	1958
Market value (2026)	$422,400
Property tax, payable 2026	$8,847
Special assessments	$865
Homestead	no
Last sale	2020-07-31 · $308,000

Source: Ramsey County parcel records.

City rental certificate (CofO)

Residential 3+ Units: 4 unit(s), A, status pending, renews 2027-02-02.

Nearest highway

I 94, about 1520 m away.

Crime in Greater East Side

1,144 incidents in the last 12 months (37 per 1,000 residents), −13% vs. the year before. St. Paul police incidents, excluding proactive visits and community events.

Status history

2026-09-30Price cut at $385,000 (was $409,000) · from listing history
2026-09-30New at $385,000