214 1st Ave NW

13 photos

Photos courtesy of RE/MAX ADVANTAGE PLUS, via Realtor.com.

Asking price: $339,900
Monthly cash flow: −$267
Estimated rent: $2,900/mo
Break-even price: $289,812

Adjust the numbers See the full breakdown

From the listing

All-brick side-by-side duplex in a convenient in-town location! Each unit offers comfortable main-level living with separate entrances, providing privacy and easy access for tenants or owner-occupants. The property features a concrete driveway and a two-car garage. Both basements are ready to be finished, offering excellent potential for additional living space. With the right updates, each side could easily be converted to a 3-bedroom, 2-bathroom unit, creating even more rental income potential or long-term value. A great opportunity for an investor, owner-occupant, or anyone looking to add value-don't miss it!

Listing courtesy of RE/MAX ADVANTAGE PLUS (Mark Reiland). Description from Realtor.com, MLS #7136740. 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: $339,900
Cash to close: $78,177
Price per unit: $169,950
GRM: 9.8

Each month

Cash flow: −$267/mo
Cash-on-cash: −4.1%
Cap rate: 5.4%
DSCR: 0.85×

Break-even

Price that breaks even: $289,812
Rent that breaks even: $3,242/mo

Long run

Year 30: property vs stocks: $1.13M vs $667K
Cash flow turns positive: year 7

Monthly

Monthly breakdown

Rent	$2,900
Vacancy (6%)	−$174
Collected	$2,726
Property tax Listing	−$306
Insurance Estimate	−$183
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$232
Capital reserve (8% of rent)	−$232
Net operating income	$1,542
Mortgage (principal + interest)	−$1,809
Cash flow	−$267
Principal paid down (equity, not cash)	$230

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	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $305,910 of principal by year 30	$0
Plus rental profits, invested at 7%$147,458 of profit by year 30, before investment growth	$227,007
What you'd walk away with	$1,002,532
If you put the same money in stocks
Cash to close ($44,187) invested at 7%	$336,363
Monthly shortfalls ($43,640 total by yr 30) investedThe money you'd have put into the building while it lost money	$260,057
What you'd walk away with	$596,419
Building minus stocks	$406,113

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $305,910 of principal by year 30	$0
Plus rental profits, invested at 7%$57,522 of profit by year 30, before investment growth	$74,901
What you'd walk away with	$850,426
If you put the same money in stocks
Cash to close ($44,187) invested at 7%	$336,363
Monthly shortfalls ($93,770 total by yr 30) investedThe money you'd have put into the building while it lost money	$489,576
What you'd walk away with	$825,939
Building minus stocks	$24,487

	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%$161,706 of profit by year 30, before investment growth	$256,020
What you'd walk away with	$1,008,729
If you put the same money in stocks
Cash to close ($42,887) invested at 7%	$326,467
Monthly shortfalls ($36,063 total by yr 30) investedThe money you'd have put into the building while it lost money	$219,457
What you'd walk away with	$545,924
Building minus stocks	$462,805

	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%$67,021 of profit by year 30, before investment growth	$89,754
What you'd walk away with	$842,462
If you put the same money in stocks
Cash to close ($42,887) invested at 7%	$326,467
Monthly shortfalls ($81,443 total by yr 30) investedThe money you'd have put into the building while it lost money	$434,816
What you'd walk away with	$761,283
Building minus stocks	$81,179

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $271,920 of principal by year 30	$0
Plus rental profits, invested at 7%$205,634 of profit by year 30, before investment growth	$354,207
What you'd walk away with	$1,129,732
If you put the same money in stocks
Cash to close ($78,177) invested at 7%	$595,103
Monthly shortfalls ($11,230 total by yr 30) investedThe money you'd have put into the building while it lost money	$71,767
What you'd walk away with	$666,871
Building minus stocks	$462,861

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $271,920 of principal by year 30	$0
Plus rental profits, invested at 7%$97,727 of profit by year 30, before investment growth	$142,186
What you'd walk away with	$917,711
If you put the same money in stocks
Cash to close ($78,177) invested at 7%	$595,103
Monthly shortfalls ($43,389 total by yr 30) investedThe money you'd have put into the building while it lost money	$241,372
What you'd walk away with	$836,475
Building minus stocks	$81,236

	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%$221,105 of profit by year 30, before investment growth	$392,087
What you'd walk away with	$1,144,795
If you put the same money in stocks
Cash to close ($75,877) invested at 7%	$577,595
Monthly shortfalls ($7,540 total by yr 30) investedThe money you'd have put into the building while it lost money	$49,316
What you'd walk away with	$626,911
Building minus stocks	$517,884

	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%$108,971 of profit by year 30, before investment growth	$163,104
What you'd walk away with	$915,813
If you put the same money in stocks
Cash to close ($75,877) invested at 7%	$577,595
Monthly shortfalls ($35,472 total by yr 30) investedThe money you'd have put into the building while it lost money	$201,959
What you'd walk away with	$779,554
Building minus stocks	$136,259

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $254,925 of principal by year 30	$0
Plus rental profits, invested at 7%$239,349 of profit by year 30, before investment growth	$439,086
What you'd walk away with	$1,214,611
If you put the same money in stocks
Cash to close ($95,172) invested at 7%	$724,474
Monthly shortfalls ($4,241 total by yr 30) investedThe money you'd have put into the building while it lost money	$28,480
What you'd walk away with	$752,954
Building minus stocks	$461,657

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $254,925 of principal by year 30	$0
Plus rental profits, invested at 7%$122,438 of profit by year 30, before investment growth	$189,347
What you'd walk away with	$964,872
If you put the same money in stocks
Cash to close ($95,172) invested at 7%	$724,474
Monthly shortfalls ($27,395 total by yr 30) investedThe money you'd have put into the building while it lost money	$160,367
What you'd walk away with	$884,840
Building minus stocks	$80,032

	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%$255,252 of profit by year 30, before investment growth	$482,152
What you'd walk away with	$1,234,861
If you put the same money in stocks
Cash to close ($92,372) invested at 7%	$703,159
Monthly shortfalls ($2,180 total by yr 30) investedThe money you'd have put into the building while it lost money	$14,986
What you'd walk away with	$718,145
Building minus stocks	$516,716

	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%$134,460 of profit by year 30, before investment growth	$214,074
What you'd walk away with	$966,783
If you put the same money in stocks
Cash to close ($92,372) invested at 7%	$703,159
Monthly shortfalls ($21,454 total by yr 30) investedThe money you'd have put into the building while it lost money	$128,533
What you'd walk away with	$831,693
Building minus stocks	$135,090

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 $1.13M, stocks $667K. 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 $1,450/mo · range $1,175–$1,625 · 22 rentals in Scott County

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
20465 Langford Way, Jordan	$1,125	1 / 1	700	8.4 mi	2026-08-19	Apartment
201 Eldorado Dr, Jordan	$1,400	1 / 1	684	8.9 mi	2025-06-17	Apartment
4671 Tower St SE, Prior Lake	$1,130	1 / 1	700	13.3 mi	2025-03-26	Apartment
3800 Jeffers Pkwy NW, Prior Lake	$1,925	1 / 1	874	15.3 mi	2024-10-11	Apartment
13854 McKenna Rd NW, Prior Lake	$1,632	1 / 1	827	15.4 mi	2024-04-12	Apartment
1620 Lusitano St, Shakopee	$1,595	1 / 1	787	15.8 mi	2024-05-18	Apartment
1600 Windermere Way, Shakopee	$1,780	1 / 1	775	15.9 mi	2024-05-30	Apartment
1610 Emblem Way, Shakopee	$1,609	1 / 1	774	16.7 mi	2025-09-26	Apartment
1265 Marschall Rd, Shakopee	$1,155	1 / 1	825	16.9 mi	2025-02-28	Apartment
1224 Shakopee Ave E, Shakopee	$1,570	1 / 1	714	17.2 mi	2025-01-03	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 214 1ST AVE NW

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 Listinglisting, tax year 2025. 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.	$3,674
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,200
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. base rate	8% / 8%

Status history

2026-09-01New at $339,900

From the listing Listing

Listed as	duplex side x side
Property tax, 2025	$3,674
County	Scott
Parcel number	240030340

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 New Prague on rental licensing before you buy.