2417 Vermilion Rd

Far off

27 photos

Photos courtesy of RE/MAX Results, via Realtor.com.

Asking price: $500,000
Monthly cash flow: −$1,252
Estimated rent: $3,200/mo
Break-even price: $264,761

Adjust the numbers See the full breakdown

From the listing

High-Capacity Duplex with Exceptional Income Potential in Excellent Condition Welcome to 2417 Vermilion Rd-an impressive duplex offering spacious layouts and outstanding rental potential. With identical units, this property is ideal for investors seeking consistency and strong occupancy appeal. Each unit features 5 bedrooms and 2 full bathrooms, providing ample space for tenants and maximizing rental income. The open-concept living area flows seamlessly into the kitchen, creating a functional and inviting space for everyday living and gathering. Both units mirror each other in layout and design, making management straightforward and efficient. Shared laundry is conveniently located in the basement, and the tuck-under garage offers excellent storage space for the owner or landlord. The duplex is equipped with electric heat and an air exchanger, supporting efficiency and year-round comfort. With plenty of off-street parking, this property becomes even more attractive-when paired with the neighboring single family rental at 2425 Vermilion Rd, offering a unique opportunity to expand your investment portfolio side-by-side. With plenty of off-street parking and large unit sizes that are hard to find, this property stands out as a high-performing investment opportunity. Spacious, functional, and income-generating-this is a property you don't want to miss. ***THIS PROPERTY MUST BE PURCHASED WITH 2425 Vermilion Rd***

Listing courtesy of RE/MAX Results (Tracy Ramsay). Description from Realtor.com, MLS #6124160. 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: $500,000
Cash to close: $115,000
Price per unit: $250,000
GRM: 13.0

Each month

Cash flow: −$1,252/mo
Cash-on-cash: −13.1%
Cap rate: 3.4%
DSCR: 0.53×

Break-even

Price that breaks even: $264,761
Rent that breaks even: $4,826/mo

Long run

Year 30: property vs stocks: $1.15M vs $1.81M
Cash flow turns positive: year 26

Monthly

Monthly breakdown

Rent	$3,200
Vacancy (6%)	−$192
Collected	$3,008
Property tax Listing	−$614
Insurance Estimate	−$211
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (9% of rent)	−$288
Capital reserve (8% of rent)	−$256
Net operating income	$1,409
Mortgage (principal + interest)	−$2,661
Cash flow	−$1,252
Principal paid down (equity, not cash)	$339

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	$1,213,631
Minus 6% selling cost	−$72,818
Minus loan still owedTenants' rent paid down all $450,000 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	$1,140,813
If you put the same money in stocks
Cash to close ($65,000) invested at 7%	$494,797
Monthly shortfalls ($338,020 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,385,835
What you'd walk away with	$1,880,631
Building minus stocks	−$739,818

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,213,631
Minus 6% selling cost	−$72,818
Minus loan still owedTenants' rent paid down all $450,000 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	$1,140,813
If you put the same money in stocks
Cash to close ($65,000) invested at 7%	$494,797
Monthly shortfalls ($492,575 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,806,939
What you'd walk away with	$2,301,736
Building minus stocks	−$1,160,923

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,189,359
Minus 6% selling cost	−$71,362
Minus loan still owedTenants' rent paid down all $441,000 of principal by year 30	$0
Plus rental profits, invested at 7%$144 of profit by year 30, before investment growth	$144
What you'd walk away with	$1,118,141
If you put the same money in stocks
Cash to close ($63,700) invested at 7%	$484,901
Monthly shortfalls ($316,338 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,316,366
What you'd walk away with	$1,801,267
Building minus stocks	−$683,126

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,189,359
Minus 6% selling cost	−$71,362
Minus loan still owedTenants' rent paid down all $441,000 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	$1,117,997
If you put the same money in stocks
Cash to close ($63,700) invested at 7%	$484,901
Monthly shortfalls ($470,750 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,737,326
What you'd walk away with	$2,222,227
Building minus stocks	−$1,104,230

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,213,631
Minus 6% selling cost	−$72,818
Minus loan still owedTenants' rent paid down all $400,000 of principal by year 30	$0
Plus rental profits, invested at 7%$8,597 of profit by year 30, before investment growth	$9,237
What you'd walk away with	$1,150,050
If you put the same money in stocks
Cash to close ($115,000) invested at 7%	$875,409
Monthly shortfalls ($213,363 total by yr 30) investedThe money you'd have put into the building while it lost money	$930,979
What you'd walk away with	$1,806,389
Building minus stocks	−$656,339

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,213,631
Minus 6% selling cost	−$72,818
Minus loan still owedTenants' rent paid down all $400,000 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	$1,140,813
If you put the same money in stocks
Cash to close ($115,000) invested at 7%	$875,409
Monthly shortfalls ($359,321 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,342,847
What you'd walk away with	$2,218,256
Building minus stocks	−$1,077,443

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,189,359
Minus 6% selling cost	−$71,362
Minus loan still owedTenants' rent paid down all $392,000 of principal by year 30	$0
Plus rental profits, invested at 7%$11,791 of profit by year 30, before investment growth	$12,910
What you'd walk away with	$1,130,907
If you put the same money in stocks
Cash to close ($112,700) invested at 7%	$857,901
Monthly shortfalls ($197,395 total by yr 30) investedThe money you'd have put into the building while it lost money	$874,321
What you'd walk away with	$1,732,222
Building minus stocks	−$601,315

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,189,359
Minus 6% selling cost	−$71,362
Minus loan still owedTenants' rent paid down all $392,000 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	$1,117,997
If you put the same money in stocks
Cash to close ($112,700) invested at 7%	$857,901
Monthly shortfalls ($340,160 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,282,516
What you'd walk away with	$2,140,417
Building minus stocks	−$1,022,420

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,213,631
Minus 6% selling cost	−$72,818
Minus loan still owedTenants' rent paid down all $375,000 of principal by year 30	$0
Plus rental profits, invested at 7%$20,333 of profit by year 30, before investment growth	$23,226
What you'd walk away with	$1,164,039
If you put the same money in stocks
Cash to close ($140,000) invested at 7%	$1,065,716
Monthly shortfalls ($165,221 total by yr 30) investedThe money you'd have put into the building while it lost money	$756,434
What you'd walk away with	$1,822,149
Building minus stocks	−$658,110

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,213,631
Minus 6% selling cost	−$72,818
Minus loan still owedTenants' rent paid down all $375,000 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	$1,140,813
If you put the same money in stocks
Cash to close ($140,000) invested at 7%	$1,065,716
Monthly shortfalls ($299,444 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,154,312
What you'd walk away with	$2,220,028
Building minus stocks	−$1,079,215

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,189,359
Minus 6% selling cost	−$71,362
Minus loan still owedTenants' rent paid down all $367,500 of principal by year 30	$0
Plus rental profits, invested at 7%$24,859 of profit by year 30, before investment growth	$28,945
What you'd walk away with	$1,146,942
If you put the same money in stocks
Cash to close ($137,200) invested at 7%	$1,044,401
Monthly shortfalls ($151,784 total by yr 30) investedThe money you'd have put into the building while it lost money	$705,593
What you'd walk away with	$1,749,994
Building minus stocks	−$603,052

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,189,359
Minus 6% selling cost	−$71,362
Minus loan still owedTenants' rent paid down all $367,500 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	$1,117,997
If you put the same money in stocks
Cash to close ($137,200) invested at 7%	$1,044,401
Monthly shortfalls ($281,481 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,097,752
What you'd walk away with	$2,142,153
Building minus stocks	−$1,024,156

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 $1.15M, stocks $1.81M. Stocks win.

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.

5 bed estimate $1,600/mo · range $1,375–$2,000 · 33 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1 N Hawthorne Rd, Duluth	$2,800	4 / 2	2,150	1.4 mi	2026-08-24	Apartment
902 N 11th Ave E, Duluth	$1,585	4 / 1	1,119	2.6 mi	2026-06-10	Apartment
622 E 8th St, Duluth	$1,950	4 / 1	1,300	3.0 mi	2026-01-29	Apartment
1741 Sahlman Ave, Cloquet	$1,500	4 / 2	1,260	19.9 mi	2025-01-03	Apartment
1812 16th St SE, Saint Cloud	$1,675	4 / 1	1,200	132.8 mi	2025-05-02	Apartment
423 6th Ave S, Saint Cloud	$330	4 / 1	—	133.4 mi	2024-04-15	Apartment
817 6th Ave S Apt 303, Saint Cloud	$1,340	4 / 1	—	133.7 mi	2026-09-14	Apartment
1010 6th Ave S Apt 301, Saint Cloud	$1,300	4 / 1	900	133.7 mi	2026-06-18	Apartment
1217 4th Ave S Apt 202, Saint Cloud	$1,550	4 / 2	1,000	133.7 mi	2025-06-17	Apartment
500 12th St S Apt 206, Saint Cloud	$1,550	4 / 1	—	133.8 mi	2026-09-11	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 2417 VERMILION RD
mediumAsking is $235,239 above the price where cash flow breaks even ($264,761) at the default scenario. Based on: Derived: price $500,000 vs. break-even $264,761

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 195 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 Listinglisting, tax year 2026. 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.	$7,370
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,528
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. 10 bedrooms: +1 pt repairs for wear	9% / 8%

Status history

2026-03-24New at $500,000

From the listing Listing

Listed as	duplex
Property tax, 2026	$7,370
County	St. Louis County
Parcel number	010-3870-00160

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 Duluth on rental licensing before you buy.