St. Paul › North End

1094 Albemarle St

Saint Paul, MN · North End (South Como) · Listing office ↗ · Find the listing ↗

Cash flows

Asking price: $199,000
Monthly cash flow: $965
Estimated rent: $3,975/mo
Break-even price: $380,245

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

2 bed / 1 bath (est.)$1,450 $1,250–$1,650
2 bed / 1 bath (est.)$1,450 $1,250–$1,650
1 bed / 1 bath (est.)$1,075 $975–$1,200

RentCast long-term rent estimate per unit, with our adjustments listed below. Confidence: medium.

Rent rules: Capped at 3%/yr for sitting tenants.

Price: $199,000
Monthly cash flow: $965
Cash to close: $45,770
Cap rate: 12.2%
Cash-on-cash: 25.3%
DSCR: 1.91×
GRM: 4.2
Price per unit: $66,333
Price that breaks even: $380,245
Rent that breaks even: $2,722/mo
Cash flow turns positive: year 1
Year 30: property vs stocks: $2.31M vs $348K

Monthly breakdown

Rent	$3,975
Vacancy (6%)	−$238
Collected	$3,736
Property tax Public record	−$440
Insurance Estimate	−$282
Water, sewer, trash Estimate	−$255
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$318
Capital reserve (9% of rent)	−$358
Net operating income	$2,024
Mortgage (principal + interest)	−$1,059
Cash flow	$965
Principal paid down (equity, not cash)	$135

Cash flow each year

Rents +3%/yr (St. Paul's cap for sitting tenants), 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 $2.31M, stocks $348K. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $179,100 of principal by year 30	$0
Plus rental profits, invested at 7%$670,717 of profit by year 30, before investment growth	$1,667,264
What you'd walk away with	$2,121,307
If you put the same money in stocks
Cash to close ($25,870) invested at 7%	$196,929
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	$196,929
Building minus stocks	$1,924,378

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $179,100 of principal by year 30	$0
Plus rental profits, invested at 7%$478,730 of profit by year 30, before investment growth	$1,144,173
What you'd walk away with	$1,598,217
If you put the same money in stocks
Cash to close ($25,870) invested at 7%	$196,929
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	$196,929
Building minus stocks	$1,401,288

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $170,100 of principal by year 30	$0
Plus rental profits, invested at 7%$692,543 of profit by year 30, before investment growth	$1,736,877
What you'd walk away with	$2,168,104
If you put the same money in stocks
Cash to close ($24,570) invested at 7%	$187,033
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	$187,033
Building minus stocks	$1,981,071

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $170,100 of principal by year 30	$0
Plus rental profits, invested at 7%$500,556 of profit by year 30, before investment growth	$1,213,786
What you'd walk away with	$1,645,014
If you put the same money in stocks
Cash to close ($24,570) invested at 7%	$187,033
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	$187,033
Building minus stocks	$1,457,981

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $159,200 of principal by year 30	$0
Plus rental profits, invested at 7%$723,752 of profit by year 30, before investment growth	$1,851,972
What you'd walk away with	$2,306,016
If you put the same money in stocks
Cash to close ($45,770) invested at 7%	$348,413
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	$348,413
Building minus stocks	$1,957,603

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $159,200 of principal by year 30	$0
Plus rental profits, invested at 7%$531,765 of profit by year 30, before investment growth	$1,328,882
What you'd walk away with	$1,782,926
If you put the same money in stocks
Cash to close ($45,770) invested at 7%	$348,413
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	$348,413
Building minus stocks	$1,434,513

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $151,200 of principal by year 30	$0
Plus rental profits, invested at 7%$742,913 of profit by year 30, before investment growth	$1,912,304
What you'd walk away with	$2,343,531
If you put the same money in stocks
Cash to close ($43,470) invested at 7%	$330,905
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	$330,905
Building minus stocks	$2,012,626

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $151,200 of principal by year 30	$0
Plus rental profits, invested at 7%$550,926 of profit by year 30, before investment growth	$1,389,213
What you'd walk away with	$1,820,440
If you put the same money in stocks
Cash to close ($43,470) invested at 7%	$330,905
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	$330,905
Building minus stocks	$1,489,535

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $149,250 of principal by year 30	$0
Plus rental profits, invested at 7%$747,583 of profit by year 30, before investment growth	$1,927,009
What you'd walk away with	$2,381,053
If you put the same money in stocks
Cash to close ($55,720) invested at 7%	$424,155
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	$424,155
Building minus stocks	$1,956,898

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $149,250 of principal by year 30	$0
Plus rental profits, invested at 7%$555,596 of profit by year 30, before investment growth	$1,403,919
What you'd walk away with	$1,857,962
If you put the same money in stocks
Cash to close ($55,720) invested at 7%	$424,155
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	$424,155
Building minus stocks	$1,433,807

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $141,750 of principal by year 30	$0
Plus rental profits, invested at 7%$765,546 of profit by year 30, before investment growth	$1,983,570
What you'd walk away with	$2,414,797
If you put the same money in stocks
Cash to close ($52,920) invested at 7%	$402,841
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	$402,841
Building minus stocks	$2,011,956

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $141,750 of principal by year 30	$0
Plus rental profits, invested at 7%$573,560 of profit by year 30, before investment growth	$1,460,479
What you'd walk away with	$1,891,707
If you put the same money in stocks
Cash to close ($52,920) invested at 7%	$402,841
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	$402,841
Building minus stocks	$1,488,866

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

medium$3,223 in special assessments on the payable 2026 tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Ramsey County parcel 252923110161: special assessments (payable 2026) = $3,222.98
lowChanged hands in May 2025; the county record doesn't show a price. Ask what the seller paid and what changed since. Public record: Ramsey County parcel 252923110161: last sale 2025-05-07

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 Public recordRamsey County record, payable 2026 (non-homestead)	$5,285
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$3,378
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$255
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 1916: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	three family dwelling, platted lot
Living units	3
Year built	1916
Market value (2026)	$252,000
Property tax, payable 2026	$5,285
Special assessments	$3,223
Homestead	no
Last sale	2025-05-07

Source: Ramsey County parcel records.

City rental certificate (CofO)

Residential 3+ Units: 3 unit(s), A, status pending, renews 2028-03-17.

Nearest highway

I 35E;US 10, about 1417 m away.

Crime in North End

1,364 incidents in the last 12 months (57 per 1,000 residents), +7% vs. the year before. St. Paul police incidents, excluding proactive visits and community events.

Status history

2026-08-07New at $199,000