Minneapolis › Holland

2408 6th St NE

Minneapolis, MN · Holland · Find the listing ↗

Far off

Asking price: $349,900
Monthly cash flow: −$755
Estimated rent: $2,700/mo
Break-even price: $208,067

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: $349,900
Monthly cash flow: −$755
Cash to close: $80,477
Cap rate: 3.8%
Cash-on-cash: −11.3%
DSCR: 0.59×
GRM: 10.8
Price per unit: $174,950
Price that breaks even: $208,067
Rent that breaks even: $3,680/mo
Cash flow turns positive: year 22
Year 30: property vs stocks: $824K vs $1.12M

Monthly breakdown

Rent	$2,700
Vacancy (6%)	−$162
Collected	$2,538
Property tax Public record	−$538
Insurance Estimate	−$203
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	$1,107
Mortgage (principal + interest)	−$1,862
Cash flow	−$755
Principal paid down (equity, not cash)	$237

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 $824K, stocks $1.12M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $314,910 of principal by year 30	$0
Plus rental profits, invested at 7%$4,326 of profit by year 30, before investment growth	$4,566
What you'd walk away with	$802,907
If you put the same money in stocks
Cash to close ($45,487) invested at 7%	$346,259
Monthly shortfalls ($182,965 total by yr 30) investedThe money you'd have put into the building while it lost money	$807,206
What you'd walk away with	$1,153,465
Building minus stocks	−$350,558

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $314,910 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$798,341
If you put the same money in stocks
Cash to close ($45,487) invested at 7%	$346,259
Monthly shortfalls ($309,045 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,157,947
What you'd walk away with	$1,504,205
Building minus stocks	−$705,864

	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%$7,460 of profit by year 30, before investment growth	$8,097
What you'd walk away with	$783,622
If you put the same money in stocks
Cash to close ($44,187) invested at 7%	$336,363
Monthly shortfalls ($164,274 total by yr 30) investedThe money you'd have put into the building while it lost money	$741,124
What you'd walk away with	$1,077,487
Building minus stocks	−$293,865

	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%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$775,525
If you put the same money in stocks
Cash to close ($44,187) invested at 7%	$336,363
Monthly shortfalls ($287,219 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,088,334
What you'd walk away with	$1,424,696
Building minus stocks	−$649,171

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $279,920 of principal by year 30	$0
Plus rental profits, invested at 7%$21,405 of profit by year 30, before investment growth	$25,290
What you'd walk away with	$823,631
If you put the same money in stocks
Cash to close ($80,477) invested at 7%	$612,611
Monthly shortfalls ($106,792 total by yr 30) investedThe money you'd have put into the building while it lost money	$503,158
What you'd walk away with	$1,115,770
Building minus stocks	−$292,139

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $279,920 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$798,341
If you put the same money in stocks
Cash to close ($80,477) invested at 7%	$612,611
Monthly shortfalls ($215,794 total by yr 30) investedThe money you'd have put into the building while it lost money	$833,175
What you'd walk away with	$1,445,787
Building minus stocks	−$647,446

	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%$27,304 of profit by year 30, before investment growth	$33,218
What you'd walk away with	$808,743
If you put the same money in stocks
Cash to close ($78,177) invested at 7%	$595,103
Monthly shortfalls ($93,531 total by yr 30) investedThe money you'd have put into the building while it lost money	$450,755
What you'd walk away with	$1,045,858
Building minus stocks	−$237,115

	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%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$775,525
If you put the same money in stocks
Cash to close ($78,177) invested at 7%	$595,103
Monthly shortfalls ($196,633 total by yr 30) investedThe money you'd have put into the building while it lost money	$772,844
What you'd walk away with	$1,367,947
Building minus stocks	−$592,422

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $262,425 of principal by year 30	$0
Plus rental profits, invested at 7%$35,265 of profit by year 30, before investment growth	$44,441
What you'd walk away with	$842,782
If you put the same money in stocks
Cash to close ($97,972) invested at 7%	$745,788
Monthly shortfalls ($78,751 total by yr 30) investedThe money you'd have put into the building while it lost money	$390,372
What you'd walk away with	$1,136,160
Building minus stocks	−$293,378

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,299
Minus 6% selling cost	−$50,958
Minus loan still owedTenants' rent paid down all $262,425 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$798,341
If you put the same money in stocks
Cash to close ($97,972) invested at 7%	$745,788
Monthly shortfalls ($173,892 total by yr 30) investedThe money you'd have put into the building while it lost money	$701,238
What you'd walk away with	$1,447,026
Building minus stocks	−$648,685

	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%$42,316 of profit by year 30, before investment growth	$54,868
What you'd walk away with	$830,393
If you put the same money in stocks
Cash to close ($95,172) invested at 7%	$724,474
Monthly shortfalls ($67,838 total by yr 30) investedThe money you'd have put into the building while it lost money	$344,239
What you'd walk away with	$1,068,712
Building minus stocks	−$238,319

	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%$362 of profit by year 30, before investment growth	$362
What you'd walk away with	$775,887
If you put the same money in stocks
Cash to close ($95,172) invested at 7%	$724,474
Monthly shortfalls ($156,291 total by yr 30) investedThe money you'd have put into the building while it lost money	$645,040
What you'd walk away with	$1,369,514
Building minus stocks	−$593,627

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

mediumAsking is $141,833 above the price where cash flow breaks even ($208,067) at the default scenario. Based on: Derived: price $349,900 vs. break-even $208,067

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 recordHennepin County record, current payable year (non-homestead)	$6,461
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,438
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)	$340,200
Property tax	$6,461
Special assessments	none
Homestead	no
Last sale	2022-05-01 · $360,000

Source: Hennepin County parcel records.

City rental license

CHOWN: 2 unit(s), Tier 1, status active, renews 2027-03-01.

Nearest highway

I 94, about 1781 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

2026-09-17New at $349,900