243 Park St W

South Saint Paul, MN · View the listing ↗

Cash flows

33 photos

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

Asking price: $340,000
Monthly cash flow: $699
Estimated rent: $4,350/mo
Break-even price: $471,383

Adjust the numbers See the full breakdown

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: $340,000
Cash to close: $78,200
Price per unit: $170,000
GRM: 6.5

Each month

Cash flow: $699/mo
Cash-on-cash: 10.7%
Cap rate: 8.9%
DSCR: 1.39×

Break-even

Price that breaks even: $471,383
Rent that breaks even: $3,442/mo

Long run

Year 30: property vs stocks: $2.55M vs $595K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$4,350
Vacancy (6%)	−$261
Collected	$4,089
Property tax Listing	−$388
Insurance Estimate	−$223
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$348
Capital reserve (9% of rent)	−$392
Net operating income	$2,509
Mortgage (principal + interest)	−$1,810
Cash flow	$699
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	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $306,000 of principal by year 30	$0
Plus rental profits, invested at 7%$649,441 of profit by year 30, before investment growth	$1,458,335
What you'd walk away with	$2,234,088
If you put the same money in stocks
Cash to close ($44,200) invested at 7%	$336,462
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	$336,462
Building minus stocks	$1,897,626

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $306,000 of principal by year 30	$0
Plus rental profits, invested at 7%$440,690 of profit by year 30, before investment growth	$895,341
What you'd walk away with	$1,671,095
If you put the same money in stocks
Cash to close ($44,200) invested at 7%	$336,462
Monthly shortfalls ($1,348 total by yr 30) investedThe money you'd have put into the building while it lost money	$9,445
What you'd walk away with	$345,907
Building minus stocks	$1,325,188

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,997
Minus 6% selling cost	−$48,060
Minus loan still owedTenants' rent paid down all $297,000 of principal by year 30	$0
Plus rental profits, invested at 7%$671,267 of profit by year 30, before investment growth	$1,527,948
What you'd walk away with	$2,280,885
If you put the same money in stocks
Cash to close ($42,900) invested at 7%	$326,566
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	$326,566
Building minus stocks	$1,954,319

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,997
Minus 6% selling cost	−$48,060
Minus loan still owedTenants' rent paid down all $297,000 of principal by year 30	$0
Plus rental profits, invested at 7%$461,416 of profit by year 30, before investment growth	$957,275
What you'd walk away with	$1,710,212
If you put the same money in stocks
Cash to close ($42,900) invested at 7%	$326,566
Monthly shortfalls ($248 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,766
What you'd walk away with	$328,332
Building minus stocks	$1,381,880

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $272,000 of principal by year 30	$0
Plus rental profits, invested at 7%$740,054 of profit by year 30, before investment growth	$1,773,918
What you'd walk away with	$2,549,671
If you put the same money in stocks
Cash to close ($78,200) invested at 7%	$595,278
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	$595,278
Building minus stocks	$1,954,393

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $272,000 of principal by year 30	$0
Plus rental profits, invested at 7%$529,955 of profit by year 30, before investment growth	$1,201,479
What you'd walk away with	$1,977,232
If you put the same money in stocks
Cash to close ($78,200) invested at 7%	$595,278
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	$595,278
Building minus stocks	$1,381,954

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,997
Minus 6% selling cost	−$48,060
Minus loan still owedTenants' rent paid down all $264,000 of principal by year 30	$0
Plus rental profits, invested at 7%$759,214 of profit by year 30, before investment growth	$1,834,249
What you'd walk away with	$2,587,186
If you put the same money in stocks
Cash to close ($75,900) invested at 7%	$577,770
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	$577,770
Building minus stocks	$2,009,416

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,997
Minus 6% selling cost	−$48,060
Minus loan still owedTenants' rent paid down all $264,000 of principal by year 30	$0
Plus rental profits, invested at 7%$549,116 of profit by year 30, before investment growth	$1,261,810
What you'd walk away with	$2,014,747
If you put the same money in stocks
Cash to close ($75,900) invested at 7%	$577,770
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	$577,770
Building minus stocks	$1,436,977

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $255,000 of principal by year 30	$0
Plus rental profits, invested at 7%$780,770 of profit by year 30, before investment growth	$1,902,121
What you'd walk away with	$2,677,875
If you put the same money in stocks
Cash to close ($95,200) invested at 7%	$724,687
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	$724,687
Building minus stocks	$1,953,188

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $255,000 of principal by year 30	$0
Plus rental profits, invested at 7%$570,672 of profit by year 30, before investment growth	$1,329,683
What you'd walk away with	$2,105,436
If you put the same money in stocks
Cash to close ($95,200) invested at 7%	$724,687
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	$724,687
Building minus stocks	$1,380,749

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,997
Minus 6% selling cost	−$48,060
Minus loan still owedTenants' rent paid down all $247,500 of principal by year 30	$0
Plus rental profits, invested at 7%$798,733 of profit by year 30, before investment growth	$1,958,682
What you'd walk away with	$2,711,619
If you put the same money in stocks
Cash to close ($92,400) invested at 7%	$703,372
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	$703,372
Building minus stocks	$2,008,247

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,997
Minus 6% selling cost	−$48,060
Minus loan still owedTenants' rent paid down all $247,500 of principal by year 30	$0
Plus rental profits, invested at 7%$588,635 of profit by year 30, before investment growth	$1,386,243
What you'd walk away with	$2,139,180
If you put the same money in stocks
Cash to close ($92,400) invested at 7%	$703,372
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	$703,372
Building minus stocks	$1,435,808

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 $2.55M, stocks $595K. 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.

4 bed estimate $2,400/mo · range $2,125–$3,075 · 24 rentals within 8.75 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
8201 College Trl, Inver Grove Heights	$2,199	4 / 1.5	1,173	3.3 mi	2025-01-03	Apartment
61 Delos St Apt W4, Saint Paul	$1,750	4 / 1	1,400	4.7 mi	—	Apartment
783 6th St E, Saint Paul	$1,499	4 / 1	1,260	6.0 mi	2026-04-08	Apartment
548 Minnehaha Ave E, Saint Paul	$2,295	5 / 2	1,825	6.3 mi	2026-09-24	Apartment
7600 3rd St N, Oakdale	$3,900	4 / 2.5	2,103	6.8 mi	2026-08-07	Apartment
8868 Meridian Way, Woodbury	$4,035	4 / 3.5	2,265	7.2 mi	2024-06-11	Apartment
769 University Ave W, Saint Paul	$1,680	4 / 2	—	7.2 mi	2026-08-03	Apartment
881 Western Ave N, Saint Paul	$2,950	4 / 4	—	7.4 mi	—	Apartment
1517 Fairmount Ave, Saint Paul	$5,200	8 / 2	—	7.5 mi	2026-09-23	Apartment
1517 Fairmount Ave, Saint Paul	$2,400	4 / 1	—	7.5 mi	2026-09-23	Apartment

3 bed estimate $1,950/mo · range $1,675–$2,100 · 6 rentals within 3 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
250 6th Ave N, South Saint Paul	$1,895	3 / 2	1,500	1.3 mi	2026-09-03	Apartment
5220 Greystone Dr, Inver Grove Heights	$2,115	3 / 2	1,189	1.3 mi	2024-04-12	Apartment
1860 52nd St E, Inver Grove Heights	$1,745	3 / 2	1,306	1.6 mi	2025-01-03	Apartment
275 Red Rock Xing, Newport	$2,000	3 / 2	1,260	1.7 mi	2026-04-16	Apartment
1945 Oakdale Ave # 55-228, West Saint Paul	$2,100	3 / 2	1,522	1.8 mi	—	Apartment
1335 Oakdale Ave, West Saint Paul	$1,500	3 / 1	—	2.8 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 243 PARK ST W
mediumAbout 74 m from I 494: traffic noise usually costs $50–100/month in rent. Based on: OpenStreetMap: nearest motorway (I 494) at 74 m

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 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.	$4,652
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,675
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 1880: +1 pt capital reserve	8% / 9%

Status history

2026-08-14New at $340,000

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$4,652
County	Dakota
Parcel number	366582002050

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 South Saint Paul on rental licensing before you buy.

Nearest highway

I 494, about 74 m away.