7861 Firwood Way NE

26 photos

Photos, via Realtor.com.

Asking price: $425,000
Monthly cash flow: −$216
Estimated rent: $3,950/mo
Break-even price: $384,357

Adjust the numbers See the full breakdown

From the listing

Turnkey Side-by-Side Duplex: Prime Location, Long-Term Tenants in Place. Solid investment opportunity in a highly desirable location! This side-by-side duplex offers long-term, stable tenants already in place - perfect for the investor seeking a low-maintenance addition to their portfolio. Each unit features its own separated garage for added tenant privacy and convenience. Both furnaces and AC units have been recently updated. Unbeatable location just minutes from major highways for an easy commute, with the scenic Mississippi River nearby for walking, biking, and outdoor recreation. Shopping and a great mix of restaurants are all just around the corner, making this a location tenants love to call home. Whether you're growing your investment portfolio or looking for house-hacking potential, this property checks all the boxes: strong location, updated mechanicals, and reliable rental history. Don't miss this opportunity - schedule your showing today!

Description from Realtor.com, MLS #7131871. 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: $425,000
Cash to close: $97,750
Price per unit: $212,500
GRM: 9.0

Each month

Cash flow: −$216/mo
Cash-on-cash: −2.7%
Cap rate: 5.8%
DSCR: 0.90×

Break-even

Price that breaks even: $384,357
Rent that breaks even: $4,227/mo

Long run

Year 30: property vs stocks: $1.53M vs $786K
Cash flow turns positive: year 5

Monthly

Monthly breakdown

Rent	$3,950
Vacancy (6%)	−$237
Collected	$3,713
Property tax Listing	−$605
Insurance Estimate	−$200
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$316
Capital reserve (8% of rent)	−$316
Net operating income	$2,046
Mortgage (principal + interest)	−$2,262
Cash flow	−$216
Principal paid down (equity, not cash)	$288

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	$1,031,587
Minus 6% selling cost	−$61,895
Minus loan still owedTenants' rent paid down all $382,500 of principal by year 30	$0
Plus rental profits, invested at 7%$229,549 of profit by year 30, before investment growth	$373,153
What you'd walk away with	$1,342,844
If you put the same money in stocks
Cash to close ($55,250) invested at 7%	$420,577
Monthly shortfalls ($39,522 total by yr 30) investedThe money you'd have put into the building while it lost money	$244,951
What you'd walk away with	$665,528
Building minus stocks	$677,316

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,031,587
Minus 6% selling cost	−$61,895
Minus loan still owedTenants' rent paid down all $382,500 of principal by year 30	$0
Plus rental profits, invested at 7%$95,447 of profit by year 30, before investment growth	$130,160
What you'd walk away with	$1,099,851
If you put the same money in stocks
Cash to close ($55,250) invested at 7%	$420,577
Monthly shortfalls ($96,199 total by yr 30) investedThe money you'd have put into the building while it lost money	$521,759
What you'd walk away with	$942,336
Building minus stocks	$157,515

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,314
Minus 6% selling cost	−$60,439
Minus loan still owedTenants' rent paid down all $373,500 of principal by year 30	$0
Plus rental profits, invested at 7%$245,295 of profit by year 30, before investment growth	$408,109
What you'd walk away with	$1,354,984
If you put the same money in stocks
Cash to close ($53,950) invested at 7%	$410,681
Monthly shortfalls ($33,442 total by yr 30) investedThe money you'd have put into the building while it lost money	$210,295
What you'd walk away with	$620,976
Building minus stocks	$734,008

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,314
Minus 6% selling cost	−$60,439
Minus loan still owedTenants' rent paid down all $373,500 of principal by year 30	$0
Plus rental profits, invested at 7%$106,225 of profit by year 30, before investment growth	$148,216
What you'd walk away with	$1,095,091
If you put the same money in stocks
Cash to close ($53,950) invested at 7%	$410,681
Monthly shortfalls ($85,151 total by yr 30) investedThe money you'd have put into the building while it lost money	$470,202
What you'd walk away with	$880,883
Building minus stocks	$214,208

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,031,587
Minus 6% selling cost	−$61,895
Minus loan still owedTenants' rent paid down all $340,000 of principal by year 30	$0
Plus rental profits, invested at 7%$309,558 of profit by year 30, before investment growth	$564,570
What you'd walk away with	$1,534,261
If you put the same money in stocks
Cash to close ($97,750) invested at 7%	$744,098
Monthly shortfalls ($6,265 total by yr 30) investedThe money you'd have put into the building while it lost money	$41,890
What you'd walk away with	$785,988
Building minus stocks	$748,273

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,031,587
Minus 6% selling cost	−$61,895
Minus loan still owedTenants' rent paid down all $340,000 of principal by year 30	$0
Plus rental profits, invested at 7%$152,202 of profit by year 30, before investment growth	$232,588
What you'd walk away with	$1,202,279
If you put the same money in stocks
Cash to close ($97,750) invested at 7%	$744,098
Monthly shortfalls ($39,687 total by yr 30) investedThe money you'd have put into the building while it lost money	$229,709
What you'd walk away with	$973,807
Building minus stocks	$228,472

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,314
Minus 6% selling cost	−$60,439
Minus loan still owedTenants' rent paid down all $332,000 of principal by year 30	$0
Plus rental profits, invested at 7%$326,285 of profit by year 30, before investment growth	$609,133
What you'd walk away with	$1,556,008
If you put the same money in stocks
Cash to close ($95,450) invested at 7%	$726,590
Monthly shortfalls ($3,830 total by yr 30) investedThe money you'd have put into the building while it lost money	$26,122
What you'd walk away with	$752,711
Building minus stocks	$803,297

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,314
Minus 6% selling cost	−$60,439
Minus loan still owedTenants' rent paid down all $332,000 of principal by year 30	$0
Plus rental profits, invested at 7%$164,605 of profit by year 30, before investment growth	$257,430
What you'd walk away with	$1,204,305
If you put the same money in stocks
Cash to close ($95,450) invested at 7%	$726,590
Monthly shortfalls ($32,930 total by yr 30) investedThe money you'd have put into the building while it lost money	$194,220
What you'd walk away with	$920,810
Building minus stocks	$283,495

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,031,587
Minus 6% selling cost	−$61,895
Minus loan still owedTenants' rent paid down all $318,750 of principal by year 30	$0
Plus rental profits, invested at 7%$355,314 of profit by year 30, before investment growth	$690,829
What you'd walk away with	$1,660,520
If you put the same money in stocks
Cash to close ($119,000) invested at 7%	$905,858
Monthly shortfalls ($1,124 total by yr 30) investedThe money you'd have put into the building while it lost money	$7,894
What you'd walk away with	$913,752
Building minus stocks	$746,768

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,031,587
Minus 6% selling cost	−$61,895
Minus loan still owedTenants' rent paid down all $318,750 of principal by year 30	$0
Plus rental profits, invested at 7%$186,389 of profit by year 30, before investment growth	$303,227
What you'd walk away with	$1,272,919
If you put the same money in stocks
Cash to close ($119,000) invested at 7%	$905,858
Monthly shortfalls ($22,979 total by yr 30) investedThe money you'd have put into the building while it lost money	$140,093
What you'd walk away with	$1,045,952
Building minus stocks	$226,967

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,314
Minus 6% selling cost	−$60,439
Minus loan still owedTenants' rent paid down all $311,250 of principal by year 30	$0
Plus rental profits, invested at 7%$372,453 of profit by year 30, before investment growth	$741,633
What you'd walk away with	$1,688,508
If you put the same money in stocks
Cash to close ($116,200) invested at 7%	$884,544
Monthly shortfalls ($301 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,138
What you'd walk away with	$886,682
Building minus stocks	$801,826

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,007,314
Minus 6% selling cost	−$60,439
Minus loan still owedTenants' rent paid down all $311,250 of principal by year 30	$0
Plus rental profits, invested at 7%$199,510 of profit by year 30, before investment growth	$332,355
What you'd walk away with	$1,279,230
If you put the same money in stocks
Cash to close ($116,200) invested at 7%	$884,544
Monthly shortfalls ($18,137 total by yr 30) investedThe money you'd have put into the building while it lost money	$112,661
What you'd walk away with	$997,205
Building minus stocks	$282,025

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 $1.53M, stocks $786K. 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 $1,975/mo · range $1,875–$2,000 · 6 rentals within 3 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
9240 University Ave NW, Minneapolis	$1,805	3 / 2	1,278	2.0 mi	2026-09-29	Apartment
708 66th Ave N, Brooklyn Center	$1,975	3 / 1.5	1,300	2.6 mi	2025-11-20	Apartment
9401 Polk St NE, Blaine	$1,999	3 / 2	1,316	2.7 mi	2026-01-16	Apartment
1652 69th Ave NE, Fridley	$1,875	3 / 1.5	1,200	2.7 mi	2024-04-12	Apartment
2901 Mounds View Blvd, Mounds View	$1,965	3 / 2	1,194	2.8 mi	2025-04-08	Apartment
9900 Redwood St NW, Coon Rapids	$1,950	3 / 2	1,161	2.8 mi	2025-04-16	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 7861 FIRWOOD WAY NE

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.	$7,264
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,400
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. base rate	8% / 8%

Status history

2026-09-09New at $425,000

From the listing Listing

Listed as	duplex side x side
Property tax, 2026	$7,264
County	Anoka
Parcel number	033024430013

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 Fridley on rental licensing before you buy.