12 Linney St

Cash flows

49 photos

Photos, via Realtor.com.

Asking price: $425,000
Monthly cash flow: $72
Estimated rent: $5,000/mo
Break-even price: $438,554

Adjust the numbers See the full breakdown

From the listing

BACK ON THE MARKET! Outstanding 4-plex investment opportunity in the heart of Babbitt! Well-maintained property with all four units currently rented plus detached garages for additional income potential. Recent improvements include new roofs on both buildings, updated siding, fresh exterior paint, newer windows, and additional updates throughout. Shared tenant laundry, with private laundry and a cozy gas fireplace in the owner's unit. Conveniently located near lakes, parks, snowmobile and ATV trails, and year-round outdoor recreation. Great opportunity for an investor or owner-occupant looking to build equity with a solid rental property.

Description from Realtor.com, MLS #149615. 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: $106,250
GRM: 7.1

Each month

Cash flow: $72/mo
Cash-on-cash: 0.9%
Cap rate: 6.6%
DSCR: 1.03×

Break-even

Price that breaks even: $438,554
Rent that breaks even: $4,906/mo

Long run

Year 30: property vs stocks: $1.90M vs $744K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$5,000
Vacancy (6%)	−$300
Collected	$4,700
Property tax Estimate	−$744
Insurance Estimate	−$372
Water, sewer, trash Estimate	−$340
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (9% of rent)	−$450
Capital reserve (8% of rent)	−$400
Net operating income	$2,334
Mortgage (principal + interest)	−$2,262
Cash flow	$72
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%$348,382 of profit by year 30, before investment growth	$643,972
What you'd walk away with	$1,613,663
If you put the same money in stocks
Cash to close ($55,250) invested at 7%	$420,577
Monthly shortfalls ($17,011 total by yr 30) investedThe money you'd have put into the building while it lost money	$111,327
What you'd walk away with	$531,904
Building minus stocks	$1,081,759

	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%$149,779 of profit by year 30, before investment growth	$225,067
What you'd walk away with	$1,194,759
If you put the same money in stocks
Cash to close ($55,250) invested at 7%	$420,577
Monthly shortfalls ($59,900 total by yr 30) investedThe money you'd have put into the building while it lost money	$350,397
What you'd walk away with	$770,975
Building minus stocks	$423,784

	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%$367,064 of profit by year 30, before investment growth	$693,318
What you'd walk away with	$1,640,193
If you put the same money in stocks
Cash to close ($53,950) invested at 7%	$410,681
Monthly shortfalls ($13,867 total by yr 30) investedThe money you'd have put into the building while it lost money	$91,059
What you'd walk away with	$501,741
Building minus stocks	$1,138,452

	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%$163,262 of profit by year 30, before investment growth	$251,354
What you'd walk away with	$1,198,229
If you put the same money in stocks
Cash to close ($53,950) invested at 7%	$410,681
Monthly shortfalls ($51,557 total by yr 30) investedThe money you'd have put into the building while it lost money	$307,071
What you'd walk away with	$717,752
Building minus stocks	$480,477

	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%$444,637 of profit by year 30, before investment growth	$927,124
What you'd walk away with	$1,896,815
If you put the same money in stocks
Cash to close ($97,750) invested at 7%	$744,098
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	$744,098
Building minus stocks	$1,152,717

	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%$219,551 of profit by year 30, before investment growth	$372,316
What you'd walk away with	$1,342,007
If you put the same money in stocks
Cash to close ($97,750) invested at 7%	$744,098
Monthly shortfalls ($16,407 total by yr 30) investedThe money you'd have put into the building while it lost money	$103,168
What you'd walk away with	$847,266
Building minus stocks	$494,741

	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%$463,798 of profit by year 30, before investment growth	$987,455
What you'd walk away with	$1,934,330
If you put the same money in stocks
Cash to close ($95,450) invested at 7%	$726,590
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	$726,590
Building minus stocks	$1,207,740

	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%$234,480 of profit by year 30, before investment growth	$407,575
What you'd walk away with	$1,354,450
If you put the same money in stocks
Cash to close ($95,450) invested at 7%	$726,590
Monthly shortfalls ($12,174 total by yr 30) investedThe money you'd have put into the building while it lost money	$78,096
What you'd walk away with	$804,686
Building minus stocks	$549,764

	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%$495,533 of profit by year 30, before investment growth	$1,087,378
What you'd walk away with	$2,057,070
If you put the same money in stocks
Cash to close ($119,000) invested at 7%	$905,858
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	$905,858
Building minus stocks	$1,151,212

	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%$260,490 of profit by year 30, before investment growth	$472,272
What you'd walk away with	$1,441,964
If you put the same money in stocks
Cash to close ($119,000) invested at 7%	$905,858
Monthly shortfalls ($6,449 total by yr 30) investedThe money you'd have put into the building while it lost money	$42,869
What you'd walk away with	$948,728
Building minus stocks	$493,236

	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%$513,496 of profit by year 30, before investment growth	$1,143,939
What you'd walk away with	$2,090,814
If you put the same money in stocks
Cash to close ($116,200) invested at 7%	$884,544
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	$884,544
Building minus stocks	$1,206,270

	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%$276,022 of profit by year 30, before investment growth	$513,199
What you'd walk away with	$1,460,074
If you put the same money in stocks
Cash to close ($116,200) invested at 7%	$884,544
Monthly shortfalls ($4,019 total by yr 30) investedThe money you'd have put into the building while it lost money	$27,236
What you'd walk away with	$911,780
Building minus stocks	$548,294

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 $1.90M, stocks $744K. 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.

2 bed estimate $1,250/mo · range $1,100–$1,675 · 48 rentals in St. Louis County

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
410 W 3rd Ave N, Aurora	$970	2 / 1	840	19.0 mi	—	Apartment
206 S 4th Ave E Unit 104, Virginia	$995	2 / 1	—	30.8 mi	—	Apartment
201 N 5th Ave, Virginia	$958	2 / 1	—	30.8 mi	2026-02-01	Apartment
110 Anderson Dr # 44, Virginia	$1,065	2 / 1	850	31.0 mi	—	Apartment
707 S 5th Ave Apt 3, Virginia	$995	2 / 1	—	31.0 mi	2026-04-08	Apartment
8515 Parkvilla Dr, Mountain Iron	$1,295	2 / 1	928	32.8 mi	—	Apartment
300 15th Ave W, Eveleth	$1,047	2 / 1	900	34.4 mi	2025-01-03	Apartment
100 Southview Dr, Hibbing	$990	2 / 1	792	49.7 mi	—	Apartment
600 E 40th St, Hibbing	$1,170	2 / 1	860	51.0 mi	2025-04-16	Apartment
3505 9th Ave W, Hibbing	$748	2 / 1	627	51.7 mi	2024-11-16	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 12 LINNEY ST

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 205 days on market

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.	$8,925
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,465
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$340
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. 8 bedrooms: +1 pt repairs for wear	9% / 8%

Status history

2026-03-14New at $425,000

From the listing Listing

Listed as

fourplex

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 Babbitt on rental licensing before you buy.