3827 Blaisdell Ave

Minneapolis, MN · King Field · Listing office ↗ · Find the listing ↗

Far off

Asking price: $517,000
Monthly cash flow: −$1,975
Estimated rent: $2,700/mo
Break-even price: $145,851

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: $517,000
Monthly cash flow: −$1,975
Cash to close: $118,910
Cap rate: 1.8%
Cash-on-cash: −19.9%
DSCR: 0.28×
GRM: 16.0
Price per unit: $258,500
Price that breaks even: $145,851
Rent that breaks even: $5,265/mo
Cash flow turns positive: not within 30 years
Year 30: property vs stocks: $1.18M vs $2.94M

Monthly breakdown

Rent	$2,700
Vacancy (6%)	−$162
Collected	$2,538
Property tax Public record	−$850
Insurance Estimate	−$223
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	$776
Mortgage (principal + interest)	−$2,752
Cash flow	−$1,975
Principal paid down (equity, not cash)	$350

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 $1.18M, stocks $2.94M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,254,895
Minus 6% selling cost	−$75,294
Minus loan still owedTenants' rent paid down all $465,300 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	$1,179,601
If you put the same money in stocks
Cash to close ($67,210) invested at 7%	$511,620
Monthly shortfalls ($748,481 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,511,458
What you'd walk away with	$3,023,078
Building minus stocks	−$1,843,477

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,254,895
Minus 6% selling cost	−$75,294
Minus loan still owedTenants' rent paid down all $465,300 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	$1,179,601
If you put the same money in stocks
Cash to close ($67,210) invested at 7%	$511,620
Monthly shortfalls ($878,887 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,866,765
What you'd walk away with	$3,378,385
Building minus stocks	−$2,198,784

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,230,622
Minus 6% selling cost	−$73,837
Minus loan still owedTenants' rent paid down all $456,300 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	$1,156,785
If you put the same money in stocks
Cash to close ($65,910) invested at 7%	$501,724
Monthly shortfalls ($726,655 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,441,845
What you'd walk away with	$2,943,569
Building minus stocks	−$1,786,784

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,230,622
Minus 6% selling cost	−$73,837
Minus loan still owedTenants' rent paid down all $456,300 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	$1,156,785
If you put the same money in stocks
Cash to close ($65,910) invested at 7%	$501,724
Monthly shortfalls ($857,061 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,797,152
What you'd walk away with	$3,298,876
Building minus stocks	−$2,142,091

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,254,895
Minus 6% selling cost	−$75,294
Minus loan still owedTenants' rent paid down all $413,600 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	$1,179,601
If you put the same money in stocks
Cash to close ($118,910) invested at 7%	$905,173
Monthly shortfalls ($610,696 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,031,587
What you'd walk away with	$2,936,760
Building minus stocks	−$1,757,159

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,254,895
Minus 6% selling cost	−$75,294
Minus loan still owedTenants' rent paid down all $413,600 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	$1,179,601
If you put the same money in stocks
Cash to close ($118,910) invested at 7%	$905,173
Monthly shortfalls ($741,102 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,386,894
What you'd walk away with	$3,292,067
Building minus stocks	−$2,112,466

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,230,622
Minus 6% selling cost	−$73,837
Minus loan still owedTenants' rent paid down all $405,600 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	$1,156,785
If you put the same money in stocks
Cash to close ($116,610) invested at 7%	$887,665
Monthly shortfalls ($591,535 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,971,256
What you'd walk away with	$2,858,921
Building minus stocks	−$1,702,136

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,230,622
Minus 6% selling cost	−$73,837
Minus loan still owedTenants' rent paid down all $405,600 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	$1,156,785
If you put the same money in stocks
Cash to close ($116,610) invested at 7%	$887,665
Monthly shortfalls ($721,941 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,326,563
What you'd walk away with	$3,214,228
Building minus stocks	−$2,057,443

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,254,895
Minus 6% selling cost	−$75,294
Minus loan still owedTenants' rent paid down all $387,750 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	$1,179,601
If you put the same money in stocks
Cash to close ($144,760) invested at 7%	$1,101,950
Monthly shortfalls ($548,783 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,836,642
What you'd walk away with	$2,938,592
Building minus stocks	−$1,758,991

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,254,895
Minus 6% selling cost	−$75,294
Minus loan still owedTenants' rent paid down all $387,750 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	$1,179,601
If you put the same money in stocks
Cash to close ($144,760) invested at 7%	$1,101,950
Monthly shortfalls ($679,189 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,191,949
What you'd walk away with	$3,293,899
Building minus stocks	−$2,114,298

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,230,622
Minus 6% selling cost	−$73,837
Minus loan still owedTenants' rent paid down all $380,250 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	$1,156,785
If you put the same money in stocks
Cash to close ($141,960) invested at 7%	$1,080,636
Monthly shortfalls ($530,820 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,780,082
What you'd walk away with	$2,860,717
Building minus stocks	−$1,703,932

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,230,622
Minus 6% selling cost	−$73,837
Minus loan still owedTenants' rent paid down all $380,250 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	$1,156,785
If you put the same money in stocks
Cash to close ($141,960) invested at 7%	$1,080,636
Monthly shortfalls ($661,226 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,135,388
What you'd walk away with	$3,216,024
Building minus stocks	−$2,059,239

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 $371,149 above the price where cash flow breaks even ($145,851) at the default scenario. Based on: Derived: price $517,000 vs. break-even $145,851

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 113 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)	$10,202
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,671
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 1916: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1916
Market value (2026)	$537,200
Property tax	$10,202
Special assessments	none
Homestead	no
Last sale	2021-09-01 · $485,000

Source: Hennepin County parcel records.

City rental license

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

Nearest highway

I 35W, about 351 m away.

Crime in King Field

293 incidents in the last 12 months (38 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

2026-06-11New at $517,000