318 7th Ave NE

Minneapolis, MN · St. Anthony West · Listing office ↗ · Find the listing ↗

Overpriced

Asking price: $449,900
Monthly cash flow: −$773
Estimated rent: $3,750/mo
Break-even price: $304,744

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
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: $449,900
Monthly cash flow: −$773
Cash to close: $103,477
Cap rate: 4.3%
Cash-on-cash: −9.0%
DSCR: 0.68×
GRM: 10.0
Price per unit: $149,967
Price that breaks even: $304,744
Rent that breaks even: $4,753/mo
Cash flow turns positive: year 17
Year 30: property vs stocks: $1.14M vs $1.21M

Monthly breakdown

Rent	$3,750
Vacancy (6%)	−$225
Collected	$3,525
Property tax Public record	−$659
Insurance Estimate	−$291
Water, sewer, trash Estimate	−$255
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$300
Capital reserve (9% of rent)	−$338
Net operating income	$1,622
Mortgage (principal + interest)	−$2,395
Cash flow	−$773
Principal paid down (equity, not cash)	$305

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 $1.14M, stocks $1.21M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $404,910 of principal by year 30	$0
Plus rental profits, invested at 7%$39,671 of profit by year 30, before investment growth	$47,937
What you'd walk away with	$1,074,441
If you put the same money in stocks
Cash to close ($58,487) invested at 7%	$445,218
Monthly shortfalls ($157,083 total by yr 30) investedThe money you'd have put into the building while it lost money	$773,390
What you'd walk away with	$1,218,608
Building minus stocks	−$144,167

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $404,910 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	$1,026,504
If you put the same money in stocks
Cash to close ($58,487) invested at 7%	$445,218
Monthly shortfalls ($298,532 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,218,935
What you'd walk away with	$1,664,153
Building minus stocks	−$637,649

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $395,910 of principal by year 30	$0
Plus rental profits, invested at 7%$46,856 of profit by year 30, before investment growth	$57,864
What you'd walk away with	$1,061,552
If you put the same money in stocks
Cash to close ($57,187) invested at 7%	$435,322
Monthly shortfalls ($142,442 total by yr 30) investedThe money you'd have put into the building while it lost money	$713,704
What you'd walk away with	$1,149,026
Building minus stocks	−$87,474

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $395,910 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	$1,003,688
If you put the same money in stocks
Cash to close ($57,187) invested at 7%	$435,322
Monthly shortfalls ($276,706 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,149,322
What you'd walk away with	$1,584,644
Building minus stocks	−$580,956

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $359,920 of principal by year 30	$0
Plus rental profits, invested at 7%$82,282 of profit by year 30, before investment growth	$111,612
What you'd walk away with	$1,138,116
If you put the same money in stocks
Cash to close ($103,477) invested at 7%	$787,693
Monthly shortfalls ($79,791 total by yr 30) investedThe money you'd have put into the building while it lost money	$419,475
What you'd walk away with	$1,207,169
Building minus stocks	−$69,053

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $359,920 of principal by year 30	$0
Plus rental profits, invested at 7%$6,774 of profit by year 30, before investment growth	$7,253
What you'd walk away with	$1,033,757
If you put the same money in stocks
Cash to close ($103,477) invested at 7%	$787,693
Monthly shortfalls ($185,403 total by yr 30) investedThe money you'd have put into the building while it lost money	$808,598
What you'd walk away with	$1,596,291
Building minus stocks	−$562,534

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $351,920 of principal by year 30	$0
Plus rental profits, invested at 7%$91,668 of profit by year 30, before investment growth	$127,163
What you'd walk away with	$1,130,851
If you put the same money in stocks
Cash to close ($101,177) invested at 7%	$770,185
Monthly shortfalls ($70,017 total by yr 30) investedThe money you'd have put into the building while it lost money	$374,695
What you'd walk away with	$1,144,880
Building minus stocks	−$14,029

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $351,920 of principal by year 30	$0
Plus rental profits, invested at 7%$9,922 of profit by year 30, before investment growth	$10,867
What you'd walk away with	$1,014,554
If you put the same money in stocks
Cash to close ($101,177) invested at 7%	$770,185
Monthly shortfalls ($169,391 total by yr 30) investedThe money you'd have put into the building while it lost money	$751,880
What you'd walk away with	$1,522,065
Building minus stocks	−$507,511

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $337,425 of principal by year 30	$0
Plus rental profits, invested at 7%$110,113 of profit by year 30, before investment growth	$159,276
What you'd walk away with	$1,185,780
If you put the same money in stocks
Cash to close ($125,972) invested at 7%	$958,931
Monthly shortfalls ($53,745 total by yr 30) investedThe money you'd have put into the building while it lost money	$297,496
What you'd walk away with	$1,256,427
Building minus stocks	−$70,647

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,092,025
Minus 6% selling cost	−$65,522
Minus loan still owedTenants' rent paid down all $337,425 of principal by year 30	$0
Plus rental profits, invested at 7%$17,222 of profit by year 30, before investment growth	$19,686
What you'd walk away with	$1,046,190
If you put the same money in stocks
Cash to close ($125,972) invested at 7%	$958,931
Monthly shortfalls ($141,973 total by yr 30) investedThe money you'd have put into the building while it lost money	$651,387
What you'd walk away with	$1,610,318
Building minus stocks	−$564,128

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $329,925 of principal by year 30	$0
Plus rental profits, invested at 7%$120,407 of profit by year 30, before investment growth	$178,106
What you'd walk away with	$1,181,794
If you put the same money in stocks
Cash to close ($123,172) invested at 7%	$937,617
Monthly shortfalls ($46,076 total by yr 30) investedThe money you'd have put into the building while it lost money	$259,765
What you'd walk away with	$1,197,382
Building minus stocks	−$15,588

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,067,753
Minus 6% selling cost	−$64,065
Minus loan still owedTenants' rent paid down all $329,925 of principal by year 30	$0
Plus rental profits, invested at 7%$21,802 of profit by year 30, before investment growth	$25,492
What you'd walk away with	$1,029,180
If you put the same money in stocks
Cash to close ($123,172) invested at 7%	$937,617
Monthly shortfalls ($128,590 total by yr 30) investedThe money you'd have put into the building while it lost money	$600,632
What you'd walk away with	$1,538,249
Building minus stocks	−$509,069

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

mediumNo rental license on file in the city's data. Ask whether the building is licensed as a rental and when it was last inspected. Public record: Minneapolis Active Rental Licenses: no record for 318 7TH AVE N E
mediumAsking is $145,156 above the price where cash flow breaks even ($304,744) at the default scenario. Based on: Derived: price $449,900 vs. break-even $304,744
lowSold for $461,000 in Feb 2024, more than today's asking price. Ask why the owner is selling again so soon. Public record: Hennepin County parcel 1402924310162: last sale 2024-02-01, $461,000

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)	$7,914
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$3,493
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$255
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 w/adu
Living units	3
Year built	1900
Market value (2026)	$416,700
Property tax	$7,914
Special assessments	none
Homestead	no
Last sale	2024-02-01 · $461,000

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

I 394, about 1709 m away.

Crime in St. Anthony West

171 incidents in the last 12 months (65 per 1,000 residents), +33% 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 $449,900