2219 29th Ave N

Minneapolis, MN · Jordan · Find the listing ↗

Asking price: $234,900
Monthly cash flow: −$62
Estimated rent: $2,400/mo
Break-even price: $223,253

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: $234,900
Monthly cash flow: −$62
Cash to close: $54,027
Cap rate: 6.1%
Cash-on-cash: −1.4%
DSCR: 0.95×
GRM: 8.2
Price per unit: $117,450
Price that breaks even: $223,253
Rent that breaks even: $2,481/mo
Cash flow turns positive: year 3
Year 30: property vs stocks: $914K vs $419K

Monthly breakdown

Rent	$2,400
Vacancy (6%)	−$144
Collected	$2,256
Property tax Public record	−$228
Insurance Estimate	−$202
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	$1,188
Mortgage (principal + interest)	−$1,250
Cash flow	−$62
Principal paid down (equity, not cash)	$159

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 $914K, stocks $419K. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$570,164
Minus 6% selling cost	−$34,210
Minus loan still owedTenants' rent paid down all $211,410 of principal by year 30	$0
Plus rental profits, invested at 7%$149,802 of profit by year 30, before investment growth	$255,330
What you'd walk away with	$791,284
If you put the same money in stocks
Cash to close ($30,537) invested at 7%	$232,455
Monthly shortfalls ($16,157 total by yr 30) investedThe money you'd have put into the building while it lost money	$102,983
What you'd walk away with	$335,438
Building minus stocks	$455,846

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$570,164
Minus 6% selling cost	−$34,210
Minus loan still owedTenants' rent paid down all $211,410 of principal by year 30	$0
Plus rental profits, invested at 7%$63,039 of profit by year 30, before investment growth	$89,065
What you'd walk away with	$625,020
If you put the same money in stocks
Cash to close ($30,537) invested at 7%	$232,455
Monthly shortfalls ($45,311 total by yr 30) investedThe money you'd have put into the building while it lost money	$252,547
What you'd walk away with	$485,002
Building minus stocks	$140,018

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $202,410 of principal by year 30	$0
Plus rental profits, invested at 7%$167,061 of profit by year 30, before investment growth	$297,248
What you'd walk away with	$810,386
If you put the same money in stocks
Cash to close ($29,237) invested at 7%	$222,560
Monthly shortfalls ($11,590 total by yr 30) investedThe money you'd have put into the building while it lost money	$75,288
What you'd walk away with	$297,848
Building minus stocks	$512,538

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $202,410 of principal by year 30	$0
Plus rental profits, invested at 7%$75,003 of profit by year 30, before investment growth	$110,488
What you'd walk away with	$623,626
If you put the same money in stocks
Cash to close ($29,237) invested at 7%	$222,560
Monthly shortfalls ($35,449 total by yr 30) investedThe money you'd have put into the building while it lost money	$204,357
What you'd walk away with	$426,916
Building minus stocks	$196,710

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$570,164
Minus 6% selling cost	−$34,210
Minus loan still owedTenants' rent paid down all $187,920 of principal by year 30	$0
Plus rental profits, invested at 7%$197,347 of profit by year 30, before investment growth	$378,034
What you'd walk away with	$913,989
If you put the same money in stocks
Cash to close ($54,027) invested at 7%	$411,267
Monthly shortfalls ($1,100 total by yr 30) investedThe money you'd have put into the building while it lost money	$7,657
What you'd walk away with	$418,925
Building minus stocks	$495,064

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$570,164
Minus 6% selling cost	−$34,210
Minus loan still owedTenants' rent paid down all $187,920 of principal by year 30	$0
Plus rental profits, invested at 7%$96,946 of profit by year 30, before investment growth	$153,690
What you'd walk away with	$689,644
If you put the same money in stocks
Cash to close ($54,027) invested at 7%	$411,267
Monthly shortfalls ($16,615 total by yr 30) investedThe money you'd have put into the building while it lost money	$99,141
What you'd walk away with	$510,409
Building minus stocks	$179,235

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $179,920 of principal by year 30	$0
Plus rental profits, invested at 7%$215,514 of profit by year 30, before investment growth	$431,457
What you'd walk away with	$944,595
If you put the same money in stocks
Cash to close ($51,727) invested at 7%	$393,759
Monthly shortfalls ($105 total by yr 30) investedThe money you'd have put into the building while it lost money	$748
What you'd walk away with	$394,508
Building minus stocks	$550,087

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $179,920 of principal by year 30	$0
Plus rental profits, invested at 7%$110,537 of profit by year 30, before investment growth	$183,095
What you'd walk away with	$696,233
If you put the same money in stocks
Cash to close ($51,727) invested at 7%	$393,759
Monthly shortfalls ($11,045 total by yr 30) investedThe money you'd have put into the building while it lost money	$68,215
What you'd walk away with	$461,974
Building minus stocks	$234,259

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$570,164
Minus 6% selling cost	−$34,210
Minus loan still owedTenants' rent paid down all $176,175 of principal by year 30	$0
Plus rental profits, invested at 7%$224,378 of profit by year 30, before investment growth	$458,951
What you'd walk away with	$994,905
If you put the same money in stocks
Cash to close ($65,772) invested at 7%	$500,673
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$500,673
Building minus stocks	$494,232

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$570,164
Minus 6% selling cost	−$34,210
Minus loan still owedTenants' rent paid down all $176,175 of principal by year 30	$0
Plus rental profits, invested at 7%$117,254 of profit by year 30, before investment growth	$198,364
What you'd walk away with	$734,318
If you put the same money in stocks
Cash to close ($65,772) invested at 7%	$500,673
Monthly shortfalls ($8,793 total by yr 30) investedThe money you'd have put into the building while it lost money	$55,241
What you'd walk away with	$555,915
Building minus stocks	$178,403

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $168,675 of principal by year 30	$0
Plus rental profits, invested at 7%$242,341 of profit by year 30, before investment growth	$515,511
What you'd walk away with	$1,028,649
If you put the same money in stocks
Cash to close ($62,972) invested at 7%	$479,359
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$479,359
Building minus stocks	$549,290

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $168,675 of principal by year 30	$0
Plus rental profits, invested at 7%$131,412 of profit by year 30, before investment growth	$232,193
What you'd walk away with	$745,331
If you put the same money in stocks
Cash to close ($62,972) invested at 7%	$479,359
Monthly shortfalls ($4,987 total by yr 30) investedThe money you'd have put into the building while it lost money	$32,510
What you'd walk away with	$511,869
Building minus stocks	$233,462

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

medium$2,440 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 0802924440195: special assessments (current) = $2,439.89

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 148 days on market

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 recordHennepin County record, current payable year (non-homestead)	$2,737
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,420
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 1904: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1904
Market value (2026)	$144,800
Property tax	$2,737
Special assessments	$2,440
Homestead	no
Last sale	2022-11-01 · $150,000

Source: Hennepin County parcel records.

City rental license

CHOWN: 2 unit(s), Tier 1, status active, renews 2026-03-01.

Nearest highway

I 94, about 2072 m away.

Crime in Jordan

596 incidents in the last 12 months (70 per 1,000 residents), +5% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-05-07New at $234,900