909 27th Ave NE

Minneapolis, MN · Columbia Park · Find the listing ↗

Overpriced

Asking price: $314,900
Monthly cash flow: −$592
Estimated rent: $2,700/mo
Break-even price: $203,714

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

Unit (mix unknown)$1,350 $1,150–$1,550
Unit (mix unknown)$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: $314,900
Monthly cash flow: −$592
Cash to close: $72,427
Cap rate: 4.1%
Cash-on-cash: −9.8%
DSCR: 0.65×
GRM: 9.7
Price per unit: $157,450
Price that breaks even: $203,714
Rent that breaks even: $3,469/mo
Cash flow turns positive: year 19
Year 30: property vs stocks: $767K vs $904K

Monthly breakdown

Rent	$2,700
Vacancy (6%)	−$162
Collected	$2,538
Property tax Estimate	−$551
Insurance Estimate	−$214
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	$1,084
Mortgage (principal + interest)	−$1,676
Cash flow	−$592
Principal paid down (equity, not cash)	$213

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 $767K, stocks $904K. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$764,345
Minus 6% selling cost	−$45,861
Minus loan still owedTenants' rent paid down all $283,410 of principal by year 30	$0
Plus rental profits, invested at 7%$14,026 of profit by year 30, before investment growth	$15,974
What you'd walk away with	$734,459
If you put the same money in stocks
Cash to close ($40,937) invested at 7%	$311,623
Monthly shortfalls ($130,629 total by yr 30) investedThe money you'd have put into the building while it lost money	$613,146
What you'd walk away with	$924,769
Building minus stocks	−$190,310

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$764,345
Minus 6% selling cost	−$45,861
Minus loan still owedTenants' rent paid down all $283,410 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	$718,484
If you put the same money in stocks
Cash to close ($40,937) invested at 7%	$311,623
Monthly shortfalls ($247,009 total by yr 30) investedThe money you'd have put into the building while it lost money	$952,478
What you'd walk away with	$1,264,101
Building minus stocks	−$545,617

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$740,072
Minus 6% selling cost	−$44,404
Minus loan still owedTenants' rent paid down all $274,410 of principal by year 30	$0
Plus rental profits, invested at 7%$19,507 of profit by year 30, before investment growth	$22,917
What you'd walk away with	$718,585
If you put the same money in stocks
Cash to close ($39,637) invested at 7%	$301,727
Monthly shortfalls ($114,284 total by yr 30) investedThe money you'd have put into the building while it lost money	$550,476
What you'd walk away with	$852,202
Building minus stocks	−$133,617

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$740,072
Minus 6% selling cost	−$44,404
Minus loan still owedTenants' rent paid down all $274,410 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	$695,668
If you put the same money in stocks
Cash to close ($39,637) invested at 7%	$301,727
Monthly shortfalls ($225,183 total by yr 30) investedThe money you'd have put into the building while it lost money	$882,865
What you'd walk away with	$1,184,592
Building minus stocks	−$488,924

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$764,345
Minus 6% selling cost	−$45,861
Minus loan still owedTenants' rent paid down all $251,920 of principal by year 30	$0
Plus rental profits, invested at 7%$37,653 of profit by year 30, before investment growth	$48,223
What you'd walk away with	$766,707
If you put the same money in stocks
Cash to close ($72,427) invested at 7%	$551,333
Monthly shortfalls ($70,332 total by yr 30) investedThe money you'd have put into the building while it lost money	$353,109
What you'd walk away with	$904,442
Building minus stocks	−$137,735

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$764,345
Minus 6% selling cost	−$45,861
Minus loan still owedTenants' rent paid down all $251,920 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	$718,484
If you put the same money in stocks
Cash to close ($72,427) invested at 7%	$551,333
Monthly shortfalls ($163,085 total by yr 30) investedThe money you'd have put into the building while it lost money	$660,193
What you'd walk away with	$1,211,526
Building minus stocks	−$493,042

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$740,072
Minus 6% selling cost	−$44,404
Minus loan still owedTenants' rent paid down all $243,920 of principal by year 30	$0
Plus rental profits, invested at 7%$45,656 of profit by year 30, before investment growth	$60,410
What you'd walk away with	$756,078
If you put the same money in stocks
Cash to close ($70,127) invested at 7%	$533,825
Monthly shortfalls ($59,174 total by yr 30) investedThe money you'd have put into the building while it lost money	$304,965
What you'd walk away with	$838,790
Building minus stocks	−$82,712

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$740,072
Minus 6% selling cost	−$44,404
Minus loan still owedTenants' rent paid down all $243,920 of principal by year 30	$0
Plus rental profits, invested at 7%$544 of profit by year 30, before investment growth	$548
What you'd walk away with	$696,216
If you put the same money in stocks
Cash to close ($70,127) invested at 7%	$533,825
Monthly shortfalls ($144,469 total by yr 30) investedThe money you'd have put into the building while it lost money	$600,410
What you'd walk away with	$1,134,235
Building minus stocks	−$438,019

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$764,345
Minus 6% selling cost	−$45,861
Minus loan still owedTenants' rent paid down all $236,175 of principal by year 30	$0
Plus rental profits, invested at 7%$54,188 of profit by year 30, before investment growth	$74,058
What you'd walk away with	$792,542
If you put the same money in stocks
Cash to close ($88,172) invested at 7%	$671,188
Monthly shortfalls ($49,157 total by yr 30) investedThe money you'd have put into the building while it lost money	$260,205
What you'd walk away with	$931,393
Building minus stocks	−$138,851

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$764,345
Minus 6% selling cost	−$45,861
Minus loan still owedTenants' rent paid down all $236,175 of principal by year 30	$0
Plus rental profits, invested at 7%$2,034 of profit by year 30, before investment growth	$2,118
What you'd walk away with	$720,602
If you put the same money in stocks
Cash to close ($88,172) invested at 7%	$671,188
Monthly shortfalls ($127,409 total by yr 30) investedThe money you'd have put into the building while it lost money	$543,572
What you'd walk away with	$1,214,760
Building minus stocks	−$494,158

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$740,072
Minus 6% selling cost	−$44,404
Minus loan still owedTenants' rent paid down all $228,675 of principal by year 30	$0
Plus rental profits, invested at 7%$63,327 of profit by year 30, before investment growth	$89,538
What you'd walk away with	$785,206
If you put the same money in stocks
Cash to close ($85,372) invested at 7%	$649,873
Monthly shortfalls ($40,332 total by yr 30) investedThe money you'd have put into the building while it lost money	$219,125
What you'd walk away with	$868,998
Building minus stocks	−$83,792

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$740,072
Minus 6% selling cost	−$44,404
Minus loan still owedTenants' rent paid down all $228,675 of principal by year 30	$0
Plus rental profits, invested at 7%$4,298 of profit by year 30, before investment growth	$4,618
What you'd walk away with	$700,286
If you put the same money in stocks
Cash to close ($85,372) invested at 7%	$649,873
Monthly shortfalls ($111,709 total by yr 30) investedThe money you'd have put into the building while it lost money	$489,511
What you'd walk away with	$1,139,385
Building minus stocks	−$439,099

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

mediumNo rental license on file in the city's data. Ask whether the building is licensed as a rental and when it was last inspected. Public record: Minneapolis Active Rental Licenses: no record for 909 27TH AVE N E
mediumBought for $201,000 in May 2025; asking is 57% more 17 months later. Ask what was done to justify the jump. Public record: Hennepin County parcel 1102924110008: last sale 2025-05-01, $201,000
mediumAsking is $111,186 above the price where cash flow breaks even ($203,714) at the default scenario. Based on: Derived: price $314,900 vs. break-even $203,714

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 109 days on market, 1 price cuts

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 Estimateestimate. No tax record found; 2.1% of price.	$6,613
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,564
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 1900: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1900
Market value (2026)	$332,700
Property tax	$4,917
Special assessments	none
Homestead	no
Last sale	2025-05-01 · $201,000

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

I 35W, about 1956 m away.

Crime in Columbia Park

75 incidents in the last 12 months (49 per 1,000 residents), +67% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-06-15Price cut at $314,900 (was $332,500) · from listing history
2026-06-15New at $314,900