476 Main St

Winona, MN · View the listing ↗

Cash flows

26 photos

Photos, via Realtor.com.

Asking price: $225,000
Monthly cash flow: $43
Estimated rent: $2,575/mo
Break-even price: $233,093

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: $225,000
Cash to close: $51,750
Price per unit: $112,500
GRM: 7.3

Each month

Cash flow: $43/mo
Cash-on-cash: 1.0%
Cap rate: 6.6%
DSCR: 1.04×

Break-even

Price that breaks even: $233,093
Rent that breaks even: $2,519/mo

Long run

Year 30: property vs stocks: $1.02M vs $394K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$2,575
Vacancy (6%)	−$154
Collected	$2,420
Property tax Listing	−$307
Insurance Estimate	−$205
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$206
Capital reserve (9% of rent)	−$232
Net operating income	$1,241
Mortgage (principal + interest)	−$1,198
Cash flow	$43
Principal paid down (equity, not cash)	$152

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	$546,134
Minus 6% selling cost	−$32,768
Minus loan still owedTenants' rent paid down all $202,500 of principal by year 30	$0
Plus rental profits, invested at 7%$189,888 of profit by year 30, before investment growth	$352,365
What you'd walk away with	$865,731
If you put the same money in stocks
Cash to close ($29,250) invested at 7%	$222,658
Monthly shortfalls ($8,738 total by yr 30) investedThe money you'd have put into the building while it lost money	$57,224
What you'd walk away with	$279,882
Building minus stocks	$585,849

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$546,134
Minus 6% selling cost	−$32,768
Minus loan still owedTenants' rent paid down all $202,500 of principal by year 30	$0
Plus rental profits, invested at 7%$86,475 of profit by year 30, before investment growth	$131,829
What you'd walk away with	$645,195
If you put the same money in stocks
Cash to close ($29,250) invested at 7%	$222,658
Monthly shortfalls ($29,693 total by yr 30) investedThe money you'd have put into the building while it lost money	$175,546
What you'd walk away with	$398,204
Building minus stocks	$246,991

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,861
Minus 6% selling cost	−$31,312
Minus loan still owedTenants' rent paid down all $193,500 of principal by year 30	$0
Plus rental profits, invested at 7%$208,570 of profit by year 30, before investment growth	$401,711
What you'd walk away with	$892,260
If you put the same money in stocks
Cash to close ($27,950) invested at 7%	$212,763
Monthly shortfalls ($5,594 total by yr 30) investedThe money you'd have put into the building while it lost money	$36,957
What you'd walk away with	$249,719
Building minus stocks	$642,541

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,861
Minus 6% selling cost	−$31,312
Minus loan still owedTenants' rent paid down all $193,500 of principal by year 30	$0
Plus rental profits, invested at 7%$100,627 of profit by year 30, before investment growth	$160,507
What you'd walk away with	$651,057
If you put the same money in stocks
Cash to close ($27,950) invested at 7%	$212,763
Monthly shortfalls ($22,019 total by yr 30) investedThe money you'd have put into the building while it lost money	$134,611
What you'd walk away with	$347,373
Building minus stocks	$303,684

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$546,134
Minus 6% selling cost	−$32,768
Minus loan still owedTenants' rent paid down all $180,000 of principal by year 30	$0
Plus rental profits, invested at 7%$241,115 of profit by year 30, before investment growth	$503,982
What you'd walk away with	$1,017,348
If you put the same money in stocks
Cash to close ($51,750) invested at 7%	$393,934
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	$393,934
Building minus stocks	$623,414

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$546,134
Minus 6% selling cost	−$32,768
Minus loan still owedTenants' rent paid down all $180,000 of principal by year 30	$0
Plus rental profits, invested at 7%$124,338 of profit by year 30, before investment growth	$213,425
What you'd walk away with	$726,791
If you put the same money in stocks
Cash to close ($51,750) invested at 7%	$393,934
Monthly shortfalls ($7,592 total by yr 30) investedThe money you'd have put into the building while it lost money	$48,300
What you'd walk away with	$442,234
Building minus stocks	$284,557

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,861
Minus 6% selling cost	−$31,312
Minus loan still owedTenants' rent paid down all $172,000 of principal by year 30	$0
Plus rental profits, invested at 7%$260,276 of profit by year 30, before investment growth	$564,313
What you'd walk away with	$1,054,863
If you put the same money in stocks
Cash to close ($49,450) invested at 7%	$376,426
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	$376,426
Building minus stocks	$678,437

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,861
Minus 6% selling cost	−$31,312
Minus loan still owedTenants' rent paid down all $172,000 of principal by year 30	$0
Plus rental profits, invested at 7%$139,881 of profit by year 30, before investment growth	$251,677
What you'd walk away with	$742,227
If you put the same money in stocks
Cash to close ($49,450) invested at 7%	$376,426
Monthly shortfalls ($3,974 total by yr 30) investedThe money you'd have put into the building while it lost money	$26,221
What you'd walk away with	$402,647
Building minus stocks	$339,580

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$546,134
Minus 6% selling cost	−$32,768
Minus loan still owedTenants' rent paid down all $168,750 of principal by year 30	$0
Plus rental profits, invested at 7%$268,060 of profit by year 30, before investment growth	$588,823
What you'd walk away with	$1,102,189
If you put the same money in stocks
Cash to close ($63,000) invested at 7%	$479,572
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	$479,572
Building minus stocks	$622,617

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$546,134
Minus 6% selling cost	−$32,768
Minus loan still owedTenants' rent paid down all $168,750 of principal by year 30	$0
Plus rental profits, invested at 7%$146,513 of profit by year 30, before investment growth	$268,877
What you'd walk away with	$782,243
If you put the same money in stocks
Cash to close ($63,000) invested at 7%	$479,572
Monthly shortfalls ($2,822 total by yr 30) investedThe money you'd have put into the building while it lost money	$18,911
What you'd walk away with	$498,483
Building minus stocks	$283,760

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,861
Minus 6% selling cost	−$31,312
Minus loan still owedTenants' rent paid down all $161,250 of principal by year 30	$0
Plus rental profits, invested at 7%$286,023 of profit by year 30, before investment growth	$645,383
What you'd walk away with	$1,135,933
If you put the same money in stocks
Cash to close ($60,200) invested at 7%	$458,258
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	$458,258
Building minus stocks	$677,675

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,861
Minus 6% selling cost	−$31,312
Minus loan still owedTenants' rent paid down all $161,250 of principal by year 30	$0
Plus rental profits, invested at 7%$162,531 of profit by year 30, before investment growth	$312,637
What you'd walk away with	$803,186
If you put the same money in stocks
Cash to close ($60,200) invested at 7%	$458,258
Monthly shortfalls ($877 total by yr 30) investedThe money you'd have put into the building while it lost money	$6,111
What you'd walk away with	$464,368
Building minus stocks	$338,818

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 $1.02M, stocks $394K. 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 $1,475/mo · range $1,275–$1,700 · 141 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1555 Homer Rd, Winona	$1,300	3 / 1	1,130	2.4 mi	2025-04-04	Apartment
577 W Main St Unit 15, Hammond	$995	3 / 1	750	38.6 mi	—	Apartment
1155 Felty Ave SE, Rochester	$2,037	3 / 2	1,411	38.8 mi	2025-01-31	Apartment
2111 Wheelock Dr NE, Rochester	$1,700	3 / 2	1,245	39.2 mi	2025-04-09	Apartment
2251 26th St NE, Rochester	$1,715	3 / 2	1,185	39.2 mi	2025-04-10	Apartment
875 21st Ave SE, Rochester	$1,540	3 / 1	1,000	39.4 mi	2025-03-07	Apartment
2016 8 1/2 St SE, Rochester	$1,250	3 / 2	1,100	39.5 mi	2026-02-18	Apartment
110 6th Ave SE, Rochester	$2,000	3 / 1	1,440	40.5 mi	—	Apartment
412 14th St SE, Rochester	$1,070	3 / 1	941	40.6 mi	2025-04-19	Apartment
510 3rd Ave SE, Rochester	$1,674	3 / 2	1,120	40.6 mi	2026-09-24	Apartment

2 bed estimate $1,100/mo · range $1,000–$1,100 · 7 rentals in Winona County

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
451 W 8th St, Winona	$1,095	2 / 1	500	0.5 mi	—	Apartment
1555 Homer Rd, Winona	$1,189	2 / 1	1,060	2.4 mi	2025-04-04	Apartment
52 Links Ln, Winona	$995	2 / 1	1,000	2.5 mi	2026-05-27	Apartment
100 Clover Ct, Saint Charles	$879	2 / 1	686	21.5 mi	2026-05-15	Apartment
1112 Oakview Dr Apt 1, Saint Charles	$1,100	2 / 1	750	22.1 mi	—	Apartment
1160 Oakview Dr Apt 9, Saint Charles	$1,100	2 / 1	750	22.2 mi	—	Apartment
1260 Oakview Dr Apt 1, Saint Charles	$1,100	2 / 1	750	22.2 mi	—	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 476 MAIN ST

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 172 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.	$3,686
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,460
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

2026-04-16New at $225,000

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$3,686
County	Winona
Parcel number	324550810

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 Winona on rental licensing before you buy.