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Minneapolis › Bottineau

1716 University Ave NE

Minneapolis, MN · Bottineau · Find the listing ↗

Overpriced
Asking price
$300,000
2 units · $150K per unit
Monthly cash flow
−$495
at 20% down, 7%
Estimated rent
$2,700/mo
rough estimate
Break-even price
$206,964
where cash flow hits $0

Adjust these numbers in the calculator See the full breakdown

The numbers

Down payment %
Offer
Management
Interest rate %

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
  • 2 bed / 1 bath (est.)$1,350 $1,150–$1,550

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
$300,000
Monthly cash flow
−$495
Cash to close
$69,000
Cap rate
4.4%
Cash-on-cash
−8.6%
DSCR
0.69×
GRM
9.3
Price per unit
$150,000
Price that breaks even
$206,964
Rent that breaks even
$3,343/mo
Cash flow turns positive
year 16
Year 30: property vs stocks
$762K vs $789K

Monthly breakdown

Rent$2,700
Vacancy (6%)−$162
Collected$2,538
Property tax Estimate−$525
Insurance Estimate−$222
Water, sewer, trash Estimate−$170
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (8% of rent)−$216
Capital reserve (9% of rent)−$243
Net operating income$1,102
Mortgage (principal + interest)−$1,597
Cash flow−$495
Principal paid down (equity, not cash)$203

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 $762K, stocks $789K. Stocks win.

How those totals add up

Year 30
If you buy this building
Sale priceValue grows 3% a year from the price$728,179
Minus 6% selling cost−$43,691
Minus loan still owedTenants' rent paid down all $240,000 of principal by year 30$0
Plus rental profits, invested at 7%$56,318 of profit by year 30, before investment growth$77,152
What you'd walk away with$761,640
If you put the same money in stocks
Cash to close ($69,000) invested at 7%$525,246
Monthly shortfalls ($49,732 total by yr 30) investedThe money you'd have put into the building while it lost money$263,645
What you'd walk away with$788,890
Building minus stocks−$27,250

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

  • 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 1716 UNIVERSITY AVE N E
  • mediumFlat roof per the city assessor on a stucco building: get its age and a moisture inspection. Public record: Hennepin County parcel 1402924220137: roof=FLAT, exterior=STUCCO
  • mediumAsking is $93,036 above the price where cash flow breaks even ($206,964) at the default scenario. Based on: Derived: price $300,000 vs. break-even $206,964

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.$6,300
Insurance / yr Estimateestimate. from units, square feet and age; get a quote$2,669
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 reserve8% / 9%

County record Public record

Recorded asduplex
Living units2
Year built1900
Market value (2026)$383,600
Property tax$5,770
Special assessmentsnone
Homesteadno
Last sale2017-05-01 · $273,500

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

I 94, about 1490 m away.

Crime in Bottineau

117 incidents in the last 12 months (66 per 1,000 residents), +14% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history