4135 W 124th St

Overpriced

8 photos

Photos, via Realtor.com.

Asking price: $550,000
Monthly cash flow: −$635
Estimated rent: $3,900/mo
Break-even price: $430,772

Adjust the numbers See the full breakdown

From the listing

Rare turn-key duplex opportunity in the heart of Savage-now fully leased and generating immediate cash flow! Both sides of this beautifully updated side-by-side property are occupied, making this a seamless, hands-off addition to any investment portfolio. Both units feature identical, highly functional layouts and have been comprehensively renovated top-to-bottom. Recent upgrades across both sides include fresh custom paint, pristine new hardwood flooring, plush new carpet, updated light fixtures, and refreshed living spaces throughout. Tenants will love the fully remodeled bathrooms, featuring brand-new vanities, stylish tile floors, and custom tiled tub/shower surrounds. With both sides completely move-in ready and fully occupied, there is zero work required-just close and collect steady rental income from day one! Conveniently located near top-rated parks, dining, shopping, and easy highway access for a quick commute. Turn-key, fully cash-flowing multi-family properties in this condition are in extremely high demand and rarely hit the Savage market-schedule your private showing today before this premier income-producer is gone!

Description from Realtor.com, MLS #7143027. 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: $550,000
Cash to close: $126,500
Price per unit: $275,000
GRM: 11.8

Each month

Cash flow: −$635/mo
Cash-on-cash: −6.0%
Cap rate: 5.0%
DSCR: 0.78×

Break-even

Price that breaks even: $430,772
Rent that breaks even: $4,693/mo

Long run

Year 30: property vs stocks: $1.66M vs $1.20M
Cash flow turns positive: year 10

Monthly

Monthly breakdown

Rent	$3,900
Vacancy (6%)	−$234
Collected	$3,666
Property tax Listing	−$382
Insurance Estimate	−$215
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (7% of rent)	−$273
Capital reserve (7% of rent)	−$273
Net operating income	$2,293
Mortgage (principal + interest)	−$2,927
Cash flow	−$635
Principal paid down (equity, not cash)	$372

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	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $495,000 of principal by year 30	$0
Plus rental profits, invested at 7%$172,229 of profit by year 30, before investment growth	$246,326
What you'd walk away with	$1,501,221
If you put the same money in stocks
Cash to close ($71,500) invested at 7%	$544,276
Monthly shortfalls ($103,883 total by yr 30) investedThe money you'd have put into the building while it lost money	$584,856
What you'd walk away with	$1,129,133
Building minus stocks	$372,088

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $495,000 of principal by year 30	$0
Plus rental profits, invested at 7%$66,409 of profit by year 30, before investment growth	$82,272
What you'd walk away with	$1,337,167
If you put the same money in stocks
Cash to close ($71,500) invested at 7%	$544,276
Monthly shortfalls ($186,427 total by yr 30) investedThe money you'd have put into the building while it lost money	$934,023
What you'd walk away with	$1,478,300
Building minus stocks	−$141,133

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $486,000 of principal by year 30	$0
Plus rental profits, invested at 7%$184,382 of profit by year 30, before investment growth	$268,301
What you'd walk away with	$1,500,380
If you put the same money in stocks
Cash to close ($70,200) invested at 7%	$534,380
Monthly shortfalls ($94,210 total by yr 30) investedThe money you'd have put into the building while it lost money	$537,218
What you'd walk away with	$1,071,599
Building minus stocks	$428,781

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $486,000 of principal by year 30	$0
Plus rental profits, invested at 7%$74,313 of profit by year 30, before investment growth	$93,613
What you'd walk away with	$1,325,692
If you put the same money in stocks
Cash to close ($70,200) invested at 7%	$534,380
Monthly shortfalls ($172,505 total by yr 30) investedThe money you'd have put into the building while it lost money	$875,751
What you'd walk away with	$1,410,132
Building minus stocks	−$84,440

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $440,000 of principal by year 30	$0
Plus rental profits, invested at 7%$253,649 of profit by year 30, before investment growth	$404,320
What you'd walk away with	$1,659,215
If you put the same money in stocks
Cash to close ($126,500) invested at 7%	$962,950
Monthly shortfalls ($38,723 total by yr 30) investedThe money you'd have put into the building while it lost money	$232,349
What you'd walk away with	$1,195,299
Building minus stocks	$463,916

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $440,000 of principal by year 30	$0
Plus rental profits, invested at 7%$122,324 of profit by year 30, before investment growth	$168,571
What you'd walk away with	$1,423,466
If you put the same money in stocks
Cash to close ($126,500) invested at 7%	$962,950
Monthly shortfalls ($95,763 total by yr 30) investedThe money you'd have put into the building while it lost money	$509,821
What you'd walk away with	$1,472,771
Building minus stocks	−$49,305

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $432,000 of principal by year 30	$0
Plus rental profits, invested at 7%$267,061 of profit by year 30, before investment growth	$432,975
What you'd walk away with	$1,665,053
If you put the same money in stocks
Cash to close ($124,200) invested at 7%	$945,442
Monthly shortfalls ($32,975 total by yr 30) investedThe money you'd have put into the building while it lost money	$200,672
What you'd walk away with	$1,146,115
Building minus stocks	$518,938

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $432,000 of principal by year 30	$0
Plus rental profits, invested at 7%$131,989 of profit by year 30, before investment growth	$184,854
What you'd walk away with	$1,416,933
If you put the same money in stocks
Cash to close ($124,200) invested at 7%	$945,442
Monthly shortfalls ($86,267 total by yr 30) investedThe money you'd have put into the building while it lost money	$465,773
What you'd walk away with	$1,411,215
Building minus stocks	$5,718

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $412,500 of principal by year 30	$0
Plus rental profits, invested at 7%$301,662 of profit by year 30, before investment growth	$510,860
What you'd walk away with	$1,765,754
If you put the same money in stocks
Cash to close ($154,000) invested at 7%	$1,172,287
Monthly shortfalls ($20,871 total by yr 30) investedThe money you'd have put into the building while it lost money	$131,500
What you'd walk away with	$1,303,787
Building minus stocks	$461,967

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,334,994
Minus 6% selling cost	−$80,100
Minus loan still owedTenants' rent paid down all $412,500 of principal by year 30	$0
Plus rental profits, invested at 7%$157,608 of profit by year 30, before investment growth	$230,366
What you'd walk away with	$1,485,260
If you put the same money in stocks
Cash to close ($154,000) invested at 7%	$1,172,287
Monthly shortfalls ($65,181 total by yr 30) investedThe money you'd have put into the building while it lost money	$364,227
What you'd walk away with	$1,536,514
Building minus stocks	−$51,254

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $405,000 of principal by year 30	$0
Plus rental profits, invested at 7%$315,603 of profit by year 30, before investment growth	$543,656
What you'd walk away with	$1,775,734
If you put the same money in stocks
Cash to close ($151,200) invested at 7%	$1,150,973
Monthly shortfalls ($16,848 total by yr 30) investedThe money you'd have put into the building while it lost money	$107,736
What you'd walk away with	$1,258,709
Building minus stocks	$517,025

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,310,722
Minus 6% selling cost	−$78,643
Minus loan still owedTenants' rent paid down all $405,000 of principal by year 30	$0
Plus rental profits, invested at 7%$168,189 of profit by year 30, before investment growth	$250,100
What you'd walk away with	$1,482,178
If you put the same money in stocks
Cash to close ($151,200) invested at 7%	$1,150,973
Monthly shortfalls ($57,799 total by yr 30) investedThe money you'd have put into the building while it lost money	$327,401
What you'd walk away with	$1,478,374
Building minus stocks	$3,804

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 $1.66M, stocks $1.20M. 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.

3 bed estimate $1,950/mo · range $1,850–$2,300 · 22 rentals within 5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
2525 Williams Dr, Burnsville	$1,930	3 / 2	1,128	1.1 mi	2025-04-12	Apartment
13870 Glendale Trl, Savage	$1,655	3 / 2	1,000	1.7 mi	—	Apartment
1024 W Burnsville Pkwy, Burnsville	$1,985	3 / 2	1,309	2.0 mi	2024-04-12	Apartment
13958 Edgewood Ave, Savage	$2,469	3 / 2	1,338	2.3 mi	2025-01-03	Apartment
14125 Louisiana Ave S, Savage	$2,290	3 / 2	1,430	2.6 mi	2025-01-03	Apartment
429 E Travelers Trl, Burnsville	$2,199	3 / 3	1,300	3.0 mi	2024-06-11	Apartment
9801 Harrison Rd, Bloomington	$2,300	3 / 2	1,264	3.4 mi	2024-04-12	Apartment
14977 Louisiana Ave S, Savage	$1,623	3 / 2	1,324	3.5 mi	2026-06-10	Apartment
9749 Penn Ave S, Bloomington	$1,825	3 / 1	—	3.6 mi	2025-03-22	Apartment
700 Evergreen Dr, Burnsville	$1,870	3 / 2	1,340	3.8 mi	2025-04-02	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 4135 124TH ST W

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.	$4,588
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,579
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. "fully updated" in the description: -1 pts each	7% / 7%

Status history

2026-09-12New at $550,000

From the listing Listing

Listed as	duplex side x side
Property tax, 2026	$4,588
County	Scott
Parcel number	260060390

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 Savage on rental licensing before you buy.