7217 Zane Ave N

1 photos

Photos courtesy of Keller Williams Classic Realty, via Realtor.com.

Asking price: $399,000
Monthly cash flow: −$388
Estimated rent: $3,400/mo
Break-even price: $326,011

Adjust the numbers See the full breakdown

From the listing

Investors and house-hackers take note! Welcome to 7217 Zane Ave N, this property has an excellent rental history and great cash-flow potential, this up-and-down multi-family property is ready for its next owner. The layout features a spacious 3-bedroom, 1-bathroom upper unit paired with a comfortable 2-bedroom, 1-bathroom lower unit, totaling over 2,100 square feet of clean, functional living space. Both units are completely self-sufficient, each equipped with its own in-unit washer and dryer.The property has been thoughtfully updated for low-maintenance ownership, featuring updated vinyl siding and vinyl windows. An attached garage offers both parking and storage. Situated on a spacious 0.26-acre lot in the Osseo School District, this property sits directly adjacent to local parks and schools, making it highly desirable for tenants. Commuting is a breeze with easy access to Brooklyn Blvd and I-694 and the bus line is right out the front door. Whether you're looking to add a reliable asset to your portfolio or live in one unit while letting the other pay your mortgage, this property is a rare find!

Listing courtesy of Keller Williams Classic Realty (Kristen Gagnon). Description from Realtor.com, MLS #7090948. 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: $399,000
Cash to close: $91,770
Price per unit: $199,500
GRM: 9.8

Each month

Cash flow: −$388/mo
Cash-on-cash: −5.1%
Cap rate: 5.2%
DSCR: 0.82×

Break-even

Price that breaks even: $326,011
Rent that breaks even: $3,886/mo

Long run

Year 30: property vs stocks: $1.24M vs $825K
Cash flow turns positive: year 9

Monthly

Monthly breakdown

Rent	$3,400
Vacancy (6%)	−$204
Collected	$3,196
Property tax Listing	−$561
Insurance Estimate	−$194
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (7% of rent)	−$238
Capital reserve (7% of rent)	−$238
Net operating income	$1,735
Mortgage (principal + interest)	−$2,124
Cash flow	−$388
Principal paid down (equity, not cash)	$270

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	$968,478
Minus 6% selling cost	−$58,109
Minus loan still owedTenants' rent paid down all $359,100 of principal by year 30	$0
Plus rental profits, invested at 7%$136,077 of profit by year 30, before investment growth	$200,126
What you'd walk away with	$1,110,495
If you put the same money in stocks
Cash to close ($51,870) invested at 7%	$394,848
Monthly shortfalls ($64,142 total by yr 30) investedThe money you'd have put into the building while it lost money	$369,331
What you'd walk away with	$764,179
Building minus stocks	$346,316

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$968,478
Minus 6% selling cost	−$58,109
Minus loan still owedTenants' rent paid down all $359,100 of principal by year 30	$0
Plus rental profits, invested at 7%$41,786 of profit by year 30, before investment growth	$51,347
What you'd walk away with	$961,716
If you put the same money in stocks
Cash to close ($51,870) invested at 7%	$394,848
Monthly shortfalls ($134,065 total by yr 30) investedThe money you'd have put into the building while it lost money	$667,975
What you'd walk away with	$1,062,822
Building minus stocks	−$101,106

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$944,205
Minus 6% selling cost	−$56,652
Minus loan still owedTenants' rent paid down all $350,100 of principal by year 30	$0
Plus rental profits, invested at 7%$149,011 of profit by year 30, before investment growth	$224,556
What you'd walk away with	$1,112,108
If you put the same money in stocks
Cash to close ($50,570) invested at 7%	$384,952
Monthly shortfalls ($55,249 total by yr 30) investedThe money you'd have put into the building while it lost money	$324,147
What you'd walk away with	$709,099
Building minus stocks	$403,009

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$944,205
Minus 6% selling cost	−$56,652
Minus loan still owedTenants' rent paid down all $350,100 of principal by year 30	$0
Plus rental profits, invested at 7%$49,482 of profit by year 30, before investment growth	$62,280
What you'd walk away with	$949,832
If you put the same money in stocks
Cash to close ($50,570) invested at 7%	$384,952
Monthly shortfalls ($119,936 total by yr 30) investedThe money you'd have put into the building while it lost money	$609,295
What you'd walk away with	$994,246
Building minus stocks	−$44,414

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$968,478
Minus 6% selling cost	−$58,109
Minus loan still owedTenants' rent paid down all $319,200 of principal by year 30	$0
Plus rental profits, invested at 7%$198,869 of profit by year 30, before investment growth	$327,986
What you'd walk away with	$1,238,355
If you put the same money in stocks
Cash to close ($91,770) invested at 7%	$698,577
Monthly shortfalls ($20,597 total by yr 30) investedThe money you'd have put into the building while it lost money	$126,845
What you'd walk away with	$825,421
Building minus stocks	$412,934

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$968,478
Minus 6% selling cost	−$58,109
Minus loan still owedTenants' rent paid down all $319,200 of principal by year 30	$0
Plus rental profits, invested at 7%$81,479 of profit by year 30, before investment growth	$112,029
What you'd walk away with	$1,022,398
If you put the same money in stocks
Cash to close ($91,770) invested at 7%	$698,577
Monthly shortfalls ($67,422 total by yr 30) investedThe money you'd have put into the building while it lost money	$358,312
What you'd walk away with	$1,056,889
Building minus stocks	−$34,491

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$944,205
Minus 6% selling cost	−$56,652
Minus loan still owedTenants' rent paid down all $311,200 of principal by year 30	$0
Plus rental profits, invested at 7%$213,183 of profit by year 30, before investment growth	$360,447
What you'd walk away with	$1,248,000
If you put the same money in stocks
Cash to close ($89,470) invested at 7%	$681,068
Monthly shortfalls ($15,750 total by yr 30) investedThe money you'd have put into the building while it lost money	$98,975
What you'd walk away with	$780,043
Building minus stocks	$467,957

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$944,205
Minus 6% selling cost	−$56,652
Minus loan still owedTenants' rent paid down all $311,200 of principal by year 30	$0
Plus rental profits, invested at 7%$91,234 of profit by year 30, before investment growth	$128,562
What you'd walk away with	$1,016,115
If you put the same money in stocks
Cash to close ($89,470) invested at 7%	$681,068
Monthly shortfalls ($58,016 total by yr 30) investedThe money you'd have put into the building while it lost money	$314,514
What you'd walk away with	$995,582
Building minus stocks	$20,533

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$968,478
Minus 6% selling cost	−$58,109
Minus loan still owedTenants' rent paid down all $299,250 of principal by year 30	$0
Plus rental profits, invested at 7%$235,681 of profit by year 30, before investment growth	$414,061
What you'd walk away with	$1,324,430
If you put the same money in stocks
Cash to close ($111,720) invested at 7%	$850,441
Monthly shortfalls ($9,627 total by yr 30) investedThe money you'd have put into the building while it lost money	$62,469
What you'd walk away with	$912,910
Building minus stocks	$411,520

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$968,478
Minus 6% selling cost	−$58,109
Minus loan still owedTenants' rent paid down all $299,250 of principal by year 30	$0
Plus rental profits, invested at 7%$106,989 of profit by year 30, before investment growth	$156,616
What you'd walk away with	$1,066,985
If you put the same money in stocks
Cash to close ($111,720) invested at 7%	$850,441
Monthly shortfalls ($45,150 total by yr 30) investedThe money you'd have put into the building while it lost money	$252,448
What you'd walk away with	$1,102,889
Building minus stocks	−$35,904

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$944,205
Minus 6% selling cost	−$56,652
Minus loan still owedTenants' rent paid down all $291,750 of principal by year 30	$0
Plus rental profits, invested at 7%$250,562 of profit by year 30, before investment growth	$451,484
What you'd walk away with	$1,339,037
If you put the same money in stocks
Cash to close ($108,920) invested at 7%	$829,127
Monthly shortfalls ($6,545 total by yr 30) investedThe money you'd have put into the building while it lost money	$43,332
What you'd walk away with	$872,459
Building minus stocks	$466,578

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$944,205
Minus 6% selling cost	−$56,652
Minus loan still owedTenants' rent paid down all $291,750 of principal by year 30	$0
Plus rental profits, invested at 7%$117,634 of profit by year 30, before investment growth	$176,553
What you'd walk away with	$1,064,105
If you put the same money in stocks
Cash to close ($108,920) invested at 7%	$829,127
Monthly shortfalls ($37,831 total by yr 30) investedThe money you'd have put into the building while it lost money	$215,824
What you'd walk away with	$1,044,951
Building minus stocks	$19,154

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 $1.24M, stocks $825K. 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 $1,925/mo · range $1,700–$2,225 · 9 rentals within 3 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
5800 69th Ave N, Minneapolis	$1,665	3 / 2.5	2,360	0.4 mi	2026-09-22	Apartment
6455 Zane Ave N, Brooklyn Park	$1,975	3 / 2	1,540	0.9 mi	2025-10-24	Apartment
6813 Grimes Pl N, Minneapolis	$1,850	3 / 1	1,000	1.3 mi	2026-04-16	Apartment
6760 Grimes Pl N, Brooklyn Center	$1,850	3 / 1	1,000	1.4 mi	—	Apartment
6808 Grimes Pl N, Brooklyn Center	$1,850	3 / 1	1,000	1.4 mi	—	Apartment
7300 Bass Lake Rd, New Hope	$1,379	3 / 2	1,600	2.2 mi	2026-07-17	Apartment
5615 Xylon Ave N, New Hope	$2,349	3 / 1	1,100	2.6 mi	2025-11-11	Apartment
6001 94th Ave N, Brooklyn Park	$2,917	3 / 2	1,444	2.7 mi	2026-04-14	Apartment
5501 Boone Ave N, New Hope	$1,600	3 / 2	1,300	2.8 mi	2026-07-17	Apartment

2 bed estimate $1,475/mo · range $1,350–$1,525 · 18 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
5840 73rd Ave N, Brooklyn Park	$1,375	2 / 1	1,145	0.1 mi	2025-07-01	Apartment
5625 69th Ave N, Brooklyn Park	$1,375	2 / 1	875	0.4 mi	2025-01-03	Apartment
5521 Brookdale Dr N, Brooklyn Park	$1,395	2 / 1	1,030	0.7 mi	2026-08-07	Apartment
7531 Jersey Ave N, Brooklyn Park	$1,400	2 / 1	930	0.7 mi	2026-04-03	Apartment
6200 78th Ave N, Brooklyn Park	$1,425	2 / 1	930	0.8 mi	2025-10-24	Apartment
7870 Zane Ave N, Brooklyn Park	$1,295	2 / 1	900	0.8 mi	2026-08-07	Apartment
6455 Zane Ave N, Brooklyn Park	$1,405	2 / 1	905	0.9 mi	2025-10-24	Apartment
8104 Zane Ave N, Brooklyn Park	$1,395	2 / 1	1,000	1.1 mi	2026-04-28	Apartment
7508 7532 68th Ave N, Brooklyn Park	$1,595	2 / 1	—	1.1 mi	2026-07-02	Apartment
6800 6810 63rd Ave, Brooklyn Park	$1,550	2 / 1	890	1.2 mi	2025-10-17	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 7217 ZANE AVE N

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.	$6,731
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,327
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

2026-07-08New at $399,000

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$6,731
County	Hennepin
Parcel number	2811921320083

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 Brooklyn Park on rental licensing before you buy.