10200 129th Ave N

Overpriced

24 photos

Photos courtesy of NRT-Minnesota (CB Burnet), via Realtor.com.

Asking price: $378,000
Monthly cash flow: −$670
Estimated rent: $2,750/mo
Break-even price: $252,055

Adjust the numbers See the full breakdown

From the listing

Quiet cul-de-sac location with convenient access to Highway 169, parks, and trails. Excellent opportunity to own an income-producing duplex in highly sought-after Champlin. One unit has been nicely updated and offers a clean, inviting interior with 2 bedrooms, 1 bathroom, and a 1-car garage. The second unit provides a solid rental opportunity with the same functional 2-bedroom, 1-bath layout. Both units are leased through June 2027, providing immediate rental income and stability for an investor. Recent mechanical updates include newer furnaces and AC units, along with a newer refrigerator and washing machine in Unit 10204. Great opportunity for an investor looking for a well-located duplex with strong long-term potential.

Listing courtesy of NRT-Minnesota (CB Burnet) (John Schuster). Description from Realtor.com, MLS #7125826. 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: $378,000
Cash to close: $86,940
Price per unit: $189,000
GRM: 11.5

Each month

Cash flow: −$670/mo
Cash-on-cash: −9.3%
Cap rate: 4.3%
DSCR: 0.67×

Break-even

Price that breaks even: $252,055
Rent that breaks even: $3,609/mo

Long run

Year 30: property vs stocks: $960K vs $1.03M
Cash flow turns positive: year 17

Monthly

Monthly breakdown

Rent	$2,750
Vacancy (6%)	−$165
Collected	$2,585
Property tax Listing	−$384
Insurance Estimate	−$189
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$220
Capital reserve (8% of rent)	−$220
Net operating income	$1,342
Mortgage (principal + interest)	−$2,012
Cash flow	−$670
Principal paid down (equity, not cash)	$256

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	$917,505
Minus 6% selling cost	−$55,050
Minus loan still owedTenants' rent paid down all $340,200 of principal by year 30	$0
Plus rental profits, invested at 7%$36,283 of profit by year 30, before investment growth	$44,022
What you'd walk away with	$906,477
If you put the same money in stocks
Cash to close ($49,140) invested at 7%	$374,066
Monthly shortfalls ($134,427 total by yr 30) investedThe money you'd have put into the building while it lost money	$662,619
What you'd walk away with	$1,036,685
Building minus stocks	−$130,208

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$917,505
Minus 6% selling cost	−$55,050
Minus loan still owedTenants' rent paid down all $340,200 of principal by year 30	$0
Plus rental profits, invested at 7%$853 of profit by year 30, before investment growth	$859
What you'd walk away with	$863,314
If you put the same money in stocks
Cash to close ($49,140) invested at 7%	$374,066
Monthly shortfalls ($231,818 total by yr 30) investedThe money you'd have put into the building while it lost money	$981,343
What you'd walk away with	$1,355,409
Building minus stocks	−$492,095

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$893,233
Minus 6% selling cost	−$53,594
Minus loan still owedTenants' rent paid down all $331,200 of principal by year 30	$0
Plus rental profits, invested at 7%$43,626 of profit by year 30, before investment growth	$54,259
What you'd walk away with	$893,898
If you put the same money in stocks
Cash to close ($47,840) invested at 7%	$364,170
Monthly shortfalls ($119,944 total by yr 30) investedThe money you'd have put into the building while it lost money	$603,244
What you'd walk away with	$967,414
Building minus stocks	−$73,516

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$893,233
Minus 6% selling cost	−$53,594
Minus loan still owedTenants' rent paid down all $331,200 of principal by year 30	$0
Plus rental profits, invested at 7%$2,415 of profit by year 30, before investment growth	$2,489
What you'd walk away with	$842,128
If you put the same money in stocks
Cash to close ($47,840) invested at 7%	$364,170
Monthly shortfalls ($211,554 total by yr 30) investedThe money you'd have put into the building while it lost money	$913,360
What you'd walk away with	$1,277,530
Building minus stocks	−$435,402

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$917,505
Minus 6% selling cost	−$55,050
Minus loan still owedTenants' rent paid down all $302,400 of principal by year 30	$0
Plus rental profits, invested at 7%$72,230 of profit by year 30, before investment growth	$97,819
What you'd walk away with	$960,274
If you put the same money in stocks
Cash to close ($86,940) invested at 7%	$661,809
Monthly shortfalls ($69,634 total by yr 30) investedThe money you'd have put into the building while it lost money	$365,563
What you'd walk away with	$1,027,372
Building minus stocks	−$67,098

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$917,505
Minus 6% selling cost	−$55,050
Minus loan still owedTenants' rent paid down all $302,400 of principal by year 30	$0
Plus rental profits, invested at 7%$12,690 of profit by year 30, before investment growth	$14,201
What you'd walk away with	$876,656
If you put the same money in stocks
Cash to close ($86,940) invested at 7%	$661,809
Monthly shortfalls ($142,915 total by yr 30) investedThe money you'd have put into the building while it lost money	$643,832
What you'd walk away with	$1,305,641
Building minus stocks	−$428,985

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$893,233
Minus 6% selling cost	−$53,594
Minus loan still owedTenants' rent paid down all $294,400 of principal by year 30	$0
Plus rental profits, invested at 7%$81,617 of profit by year 30, before investment growth	$113,370
What you'd walk away with	$953,009
If you put the same money in stocks
Cash to close ($84,640) invested at 7%	$644,301
Monthly shortfalls ($59,860 total by yr 30) investedThe money you'd have put into the building while it lost money	$320,783
What you'd walk away with	$965,084
Building minus stocks	−$12,075

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$893,233
Minus 6% selling cost	−$53,594
Minus loan still owedTenants' rent paid down all $294,400 of principal by year 30	$0
Plus rental profits, invested at 7%$17,038 of profit by year 30, before investment growth	$19,545
What you'd walk away with	$859,184
If you put the same money in stocks
Cash to close ($84,640) invested at 7%	$644,301
Monthly shortfalls ($128,102 total by yr 30) investedThe money you'd have put into the building while it lost money	$588,844
What you'd walk away with	$1,233,145
Building minus stocks	−$373,961

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$917,505
Minus 6% selling cost	−$55,050
Minus loan still owedTenants' rent paid down all $283,500 of principal by year 30	$0
Plus rental profits, invested at 7%$95,452 of profit by year 30, before investment growth	$137,411
What you'd walk away with	$999,866
If you put the same money in stocks
Cash to close ($105,840) invested at 7%	$805,681
Monthly shortfalls ($47,589 total by yr 30) investedThe money you'd have put into the building while it lost money	$262,622
What you'd walk away with	$1,068,303
Building minus stocks	−$68,437

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$917,505
Minus 6% selling cost	−$55,050
Minus loan still owedTenants' rent paid down all $283,500 of principal by year 30	$0
Plus rental profits, invested at 7%$24,117 of profit by year 30, before investment growth	$28,684
What you'd walk away with	$891,139
If you put the same money in stocks
Cash to close ($105,840) invested at 7%	$805,681
Monthly shortfalls ($109,075 total by yr 30) investedThe money you'd have put into the building while it lost money	$515,782
What you'd walk away with	$1,321,463
Building minus stocks	−$430,324

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$893,233
Minus 6% selling cost	−$53,594
Minus loan still owedTenants' rent paid down all $276,000 of principal by year 30	$0
Plus rental profits, invested at 7%$105,726 of profit by year 30, before investment growth	$156,178
What you'd walk away with	$995,817
If you put the same money in stocks
Cash to close ($103,040) invested at 7%	$784,367
Monthly shortfalls ($39,900 total by yr 30) investedThe money you'd have put into the building while it lost money	$224,829
What you'd walk away with	$1,009,196
Building minus stocks	−$13,379

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$893,233
Minus 6% selling cost	−$53,594
Minus loan still owedTenants' rent paid down all $276,000 of principal by year 30	$0
Plus rental profits, invested at 7%$29,734 of profit by year 30, before investment growth	$36,274
What you'd walk away with	$875,913
If you put the same money in stocks
Cash to close ($103,040) invested at 7%	$784,367
Monthly shortfalls ($96,728 total by yr 30) investedThe money you'd have put into the building while it lost money	$466,812
What you'd walk away with	$1,251,179
Building minus stocks	−$375,266

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 $960K, stocks $1.03M. Stocks win.

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.

2 bed estimate $1,375/mo · range $1,325–$1,500 · 23 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
411 Dayton Rd, Champlin	$1,799	2 / 1	950	0.5 mi	2026-08-26	Apartment
438 Independence Ave N, Champlin	$1,399	2 / 1	885	0.6 mi	2025-08-14	Apartment
438 Independence Ave N Apt 10, Champlin	$1,399	2 / 1	885	0.6 mi	—	Apartment
101 Dayton Rd, Champlin	$1,479	2 / 1	800	0.7 mi	2025-10-02	Apartment
1709 Ferry St S, Anoka	$1,359	2 / 1	850	0.9 mi	2026-01-05	Apartment
615 Bean St Apt 1, Anoka	$1,199	2 / 1	900	1.0 mi	—	Apartment
1845 S Ferry St, Anoka	$1,599	2 / 2	1,050	1.0 mi	2026-02-05	Apartment
1845 S Ferry St Apt 208, Anoka	$1,350	2 / 1	950	1.0 mi	—	Apartment
1845 S Ferry St Apt 301, Anoka	$1,599	2 / 2	1,050	1.0 mi	—	Apartment
615 Bean St, Anoka	$1,199	2 / 1	900	1.0 mi	2026-04-27	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 10200 129TH AVE N
mediumAsking is $125,945 above the price where cash flow breaks even ($252,055) at the default scenario. Based on: Derived: price $378,000 vs. break-even $252,055

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.	$4,612
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,270
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

2026-08-17New at $378,000

From the listing Listing

Listed as	duplex side x side
Property tax, 2026	$4,612
County	Hennepin
Parcel number	2412022130041

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 Champlin on rental licensing before you buy.