2115 5th St NE

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

Asking price: $269,900
Monthly cash flow: −$260
Estimated rent: $2,700/mo
Break-even price: $220,985

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
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: $269,900
Monthly cash flow: −$260
Cash to close: $62,077
Cap rate: 5.2%
Cash-on-cash: −5.0%
DSCR: 0.82×
GRM: 8.3
Price per unit: $134,950
Price that breaks even: $220,985
Rent that breaks even: $3,038/mo
Cash flow turns positive: year 9
Year 30: property vs stocks: $821K vs $559K

Monthly breakdown

Rent	$2,700
Vacancy (6%)	−$162
Collected	$2,538
Property tax Estimate	−$472
Insurance Estimate	−$200
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	$1,176
Mortgage (principal + interest)	−$1,437
Cash flow	−$260
Principal paid down (equity, not cash)	$183

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 $821K, stocks $559K. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$655,118
Minus 6% selling cost	−$39,307
Minus loan still owedTenants' rent paid down all $242,910 of principal by year 30	$0
Plus rental profits, invested at 7%$82,890 of profit by year 30, before investment growth	$120,879
What you'd walk away with	$736,690
If you put the same money in stocks
Cash to close ($35,087) invested at 7%	$267,091
Monthly shortfalls ($44,331 total by yr 30) investedThe money you'd have put into the building while it lost money	$253,334
What you'd walk away with	$520,425
Building minus stocks	$216,265

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$655,118
Minus 6% selling cost	−$39,307
Minus loan still owedTenants' rent paid down all $242,910 of principal by year 30	$0
Plus rental profits, invested at 7%$14,206 of profit by year 30, before investment growth	$16,411
What you'd walk away with	$632,222
If you put the same money in stocks
Cash to close ($35,087) invested at 7%	$267,091
Monthly shortfalls ($106,052 total by yr 30) investedThe money you'd have put into the building while it lost money	$504,173
What you'd walk away with	$771,264
Building minus stocks	−$139,042

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$630,846
Minus 6% selling cost	−$37,851
Minus loan still owedTenants' rent paid down all $233,910 of principal by year 30	$0
Plus rental profits, invested at 7%$95,672 of profit by year 30, before investment growth	$144,839
What you'd walk away with	$737,833
If you put the same money in stocks
Cash to close ($33,787) invested at 7%	$257,195
Monthly shortfalls ($35,287 total by yr 30) investedThe money you'd have put into the building while it lost money	$207,681
What you'd walk away with	$464,876
Building minus stocks	$272,957

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$630,846
Minus 6% selling cost	−$37,851
Minus loan still owedTenants' rent paid down all $233,910 of principal by year 30	$0
Plus rental profits, invested at 7%$20,279 of profit by year 30, before investment growth	$24,342
What you'd walk away with	$617,337
If you put the same money in stocks
Cash to close ($33,787) invested at 7%	$257,195
Monthly shortfalls ($90,300 total by yr 30) investedThe money you'd have put into the building while it lost money	$442,491
What you'd walk away with	$699,686
Building minus stocks	−$82,349

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$655,118
Minus 6% selling cost	−$39,307
Minus loan still owedTenants' rent paid down all $215,920 of principal by year 30	$0
Plus rental profits, invested at 7%$124,615 of profit by year 30, before investment growth	$204,698
What you'd walk away with	$820,509
If you put the same money in stocks
Cash to close ($62,077) invested at 7%	$472,546
Monthly shortfalls ($14,125 total by yr 30) investedThe money you'd have put into the building while it lost money	$86,636
What you'd walk away with	$559,182
Building minus stocks	$261,327

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$655,118
Minus 6% selling cost	−$39,307
Minus loan still owedTenants' rent paid down all $215,920 of principal by year 30	$0
Plus rental profits, invested at 7%$35,859 of profit by year 30, before investment growth	$46,664
What you'd walk away with	$662,475
If you put the same money in stocks
Cash to close ($62,077) invested at 7%	$472,546
Monthly shortfalls ($55,775 total by yr 30) investedThe money you'd have put into the building while it lost money	$283,909
What you'd walk away with	$756,455
Building minus stocks	−$93,980

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$630,846
Minus 6% selling cost	−$37,851
Minus loan still owedTenants' rent paid down all $207,920 of principal by year 30	$0
Plus rental profits, invested at 7%$138,966 of profit by year 30, before investment growth	$237,325
What you'd walk away with	$830,319
If you put the same money in stocks
Cash to close ($59,777) invested at 7%	$455,038
Monthly shortfalls ($9,315 total by yr 30) investedThe money you'd have put into the building while it lost money	$58,932
What you'd walk away with	$513,969
Building minus stocks	$316,350

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$630,846
Minus 6% selling cost	−$37,851
Minus loan still owedTenants' rent paid down all $207,920 of principal by year 30	$0
Plus rental profits, invested at 7%$44,412 of profit by year 30, before investment growth	$60,131
What you'd walk away with	$653,126
If you put the same money in stocks
Cash to close ($59,777) invested at 7%	$455,038
Monthly shortfalls ($45,167 total by yr 30) investedThe money you'd have put into the building while it lost money	$237,045
What you'd walk away with	$692,083
Building minus stocks	−$38,957

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$655,118
Minus 6% selling cost	−$39,307
Minus loan still owedTenants' rent paid down all $202,425 of principal by year 30	$0
Plus rental profits, invested at 7%$149,367 of profit by year 30, before investment growth	$262,240
What you'd walk away with	$878,051
If you put the same money in stocks
Cash to close ($75,572) invested at 7%	$575,273
Monthly shortfalls ($6,555 total by yr 30) investedThe money you'd have put into the building while it lost money	$42,407
What you'd walk away with	$617,681
Building minus stocks	$260,370

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$655,118
Minus 6% selling cost	−$39,307
Minus loan still owedTenants' rent paid down all $202,425 of principal by year 30	$0
Plus rental profits, invested at 7%$50,840 of profit by year 30, before investment growth	$70,762
What you'd walk away with	$686,573
If you put the same money in stocks
Cash to close ($75,572) invested at 7%	$575,273
Monthly shortfalls ($38,435 total by yr 30) investedThe money you'd have put into the building while it lost money	$206,236
What you'd walk away with	$781,510
Building minus stocks	−$94,937

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$630,846
Minus 6% selling cost	−$37,851
Minus loan still owedTenants' rent paid down all $194,925 of principal by year 30	$0
Plus rental profits, invested at 7%$164,315 of profit by year 30, before investment growth	$300,033
What you'd walk away with	$893,028
If you put the same money in stocks
Cash to close ($72,772) invested at 7%	$553,959
Monthly shortfalls ($3,539 total by yr 30) investedThe money you'd have put into the building while it lost money	$23,639
What you'd walk away with	$577,598
Building minus stocks	$315,430

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$630,846
Minus 6% selling cost	−$37,851
Minus loan still owedTenants' rent paid down all $194,925 of principal by year 30	$0
Plus rental profits, invested at 7%$60,419 of profit by year 30, before investment growth	$87,477
What you'd walk away with	$680,471
If you put the same money in stocks
Cash to close ($72,772) invested at 7%	$553,959
Monthly shortfalls ($30,050 total by yr 30) investedThe money you'd have put into the building while it lost money	$166,390
What you'd walk away with	$720,349
Building minus stocks	−$39,878

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

highProperty taxes have been delinquent since 2019. Expect penalties and a payoff at closing; ask why. Public record: Hennepin County parcel 1102924310163: earliest delinquent year=19
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 2115 5TH ST N E
medium$2,003 in special assessments on the current 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: Hennepin County parcel 1102924310163: special assessments (current) = $2,002.69

Opportunities

The seller bought for $43,500 in Nov 2011, so they can take a lower offer and still come out well ahead. Public record: Hennepin County parcel 1102924310163: last sale 2011-11-01, $43,500

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.	$5,668
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,406
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 reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1900
Market value (2026)	$252,400
Property tax	$3,573
Special assessments	$2,003
Homestead	no
Taxes delinquent since	19
Last sale	2011-11-01 · $43,500

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

I 94, about 1780 m away.

Crime in Holland

290 incidents in the last 12 months (60 per 1,000 residents), +12% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-07-24New at $269,900