1316 7th St SE

Minneapolis, MN · Marcy Holmes · Find the listing ↗

Far off

Asking price: $1,600,000
Monthly cash flow: −$6,744
Estimated rent: $4,650/mo
Break-even price: $332,855

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

3 bed / 1 bath (est.)$1,650 $1,400–$1,900
3 bed / 1 bath (est.)$1,650 $1,400–$1,900
2 bed / 1 bath (est.)$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: $1,600,000
Monthly cash flow: −$6,744
Cash to close: $368,000
Cap rate: 1.3%
Cash-on-cash: −22.0%
DSCR: 0.21×
GRM: 28.7
Price per unit: $533,333
Price that breaks even: $332,855
Rent that breaks even: $13,524/mo
Cash flow turns positive: not within 30 years
Year 30: property vs stocks: $3.65M vs $9.86M

Monthly breakdown

Rent	$4,650
Vacancy (6%)	−$279
Collected	$4,371
Property tax Public record	−$1,103
Insurance Estimate	−$344
Water, sewer, trash Estimate	−$255
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (9% of rent)	−$418
Capital reserve (9% of rent)	−$418
Net operating income	$1,772
Mortgage (principal + interest)	−$8,516
Cash flow	−$6,744
Principal paid down (equity, not cash)	$1,084

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 $3.65M, stocks $9.86M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,883,620
Minus 6% selling cost	−$233,017
Minus loan still owedTenants' rent paid down all $1,440,000 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	$3,650,603
If you put the same money in stocks
Cash to close ($208,000) invested at 7%	$1,583,349
Monthly shortfalls ($2,566,311 total by yr 30) investedThe money you'd have put into the building while it lost money	$8,544,672
What you'd walk away with	$10,128,021
Building minus stocks	−$6,477,418

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,883,620
Minus 6% selling cost	−$233,017
Minus loan still owedTenants' rent paid down all $1,440,000 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	$3,650,603
If you put the same money in stocks
Cash to close ($208,000) invested at 7%	$1,583,349
Monthly shortfalls ($2,790,899 total by yr 30) investedThe money you'd have put into the building while it lost money	$9,156,589
What you'd walk away with	$10,739,938
Building minus stocks	−$7,089,335

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,859,347
Minus 6% selling cost	−$231,561
Minus loan still owedTenants' rent paid down all $1,431,000 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	$3,627,786
If you put the same money in stocks
Cash to close ($206,700) invested at 7%	$1,573,453
Monthly shortfalls ($2,544,485 total by yr 30) investedThe money you'd have put into the building while it lost money	$8,475,059
What you'd walk away with	$10,048,512
Building minus stocks	−$6,420,726

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,859,347
Minus 6% selling cost	−$231,561
Minus loan still owedTenants' rent paid down all $1,431,000 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	$3,627,786
If you put the same money in stocks
Cash to close ($206,700) invested at 7%	$1,573,453
Monthly shortfalls ($2,769,073 total by yr 30) investedThe money you'd have put into the building while it lost money	$9,086,976
What you'd walk away with	$10,660,429
Building minus stocks	−$7,032,643

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,883,620
Minus 6% selling cost	−$233,017
Minus loan still owedTenants' rent paid down all $1,280,000 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	$3,650,603
If you put the same money in stocks
Cash to close ($368,000) invested at 7%	$2,801,310
Monthly shortfalls ($2,139,896 total by yr 30) investedThe money you'd have put into the building while it lost money	$7,059,578
What you'd walk away with	$9,860,887
Building minus stocks	−$6,210,284

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,883,620
Minus 6% selling cost	−$233,017
Minus loan still owedTenants' rent paid down all $1,280,000 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	$3,650,603
If you put the same money in stocks
Cash to close ($368,000) invested at 7%	$2,801,310
Monthly shortfalls ($2,364,485 total by yr 30) investedThe money you'd have put into the building while it lost money	$7,671,495
What you'd walk away with	$10,472,805
Building minus stocks	−$6,822,202

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,859,347
Minus 6% selling cost	−$231,561
Minus loan still owedTenants' rent paid down all $1,272,000 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	$3,627,786
If you put the same money in stocks
Cash to close ($365,700) invested at 7%	$2,783,802
Monthly shortfalls ($2,120,736 total by yr 30) investedThe money you'd have put into the building while it lost money	$6,999,246
What you'd walk away with	$9,783,048
Building minus stocks	−$6,155,262

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,859,347
Minus 6% selling cost	−$231,561
Minus loan still owedTenants' rent paid down all $1,272,000 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	$3,627,786
If you put the same money in stocks
Cash to close ($365,700) invested at 7%	$2,783,802
Monthly shortfalls ($2,345,324 total by yr 30) investedThe money you'd have put into the building while it lost money	$7,611,164
What you'd walk away with	$10,394,965
Building minus stocks	−$6,767,179

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,883,620
Minus 6% selling cost	−$233,017
Minus loan still owedTenants' rent paid down all $1,200,000 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	$3,650,603
If you put the same money in stocks
Cash to close ($448,000) invested at 7%	$3,410,290
Monthly shortfalls ($1,948,289 total by yr 30) investedThe money you'd have put into the building while it lost money	$6,456,266
What you'd walk away with	$9,866,556
Building minus stocks	−$6,215,953

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,883,620
Minus 6% selling cost	−$233,017
Minus loan still owedTenants' rent paid down all $1,200,000 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	$3,650,603
If you put the same money in stocks
Cash to close ($448,000) invested at 7%	$3,410,290
Monthly shortfalls ($2,172,878 total by yr 30) investedThe money you'd have put into the building while it lost money	$7,068,183
What you'd walk away with	$10,478,473
Building minus stocks	−$6,827,870

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,859,347
Minus 6% selling cost	−$231,561
Minus loan still owedTenants' rent paid down all $1,192,500 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	$3,627,786
If you put the same money in stocks
Cash to close ($445,200) invested at 7%	$3,388,976
Monthly shortfalls ($1,930,326 total by yr 30) investedThe money you'd have put into the building while it lost money	$6,399,705
What you'd walk away with	$9,788,681
Building minus stocks	−$6,160,895

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$3,859,347
Minus 6% selling cost	−$231,561
Minus loan still owedTenants' rent paid down all $1,192,500 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	$3,627,786
If you put the same money in stocks
Cash to close ($445,200) invested at 7%	$3,388,976
Monthly shortfalls ($2,154,914 total by yr 30) investedThe money you'd have put into the building while it lost money	$7,011,622
What you'd walk away with	$10,400,598
Building minus stocks	−$6,772,812

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 1316 7TH ST S E
medium$5,144 in special assessments on the current 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: Hennepin County parcel 2402924420092: special assessments (current) = $5,143.88
mediumAsking is $1,267,145 above the price where cash flow breaks even ($332,855) at the default scenario. Based on: Derived: price $1,600,000 vs. break-even $332,855

Opportunities

The seller bought for $720,000 in Jul 2008, so they can take a lower offer and still come out well ahead. Public record: Hennepin County parcel 2402924420092: last sale 2008-07-01, $720,000
Long time on market: room to negotiate. Based on: Listing data: 219 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 Public recordHennepin County record, current payable year (non-homestead)	$13,237
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,132
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 1910: +1 pt capital reserve; 8 bedrooms: +1 pt repairs for wear	9% / 9%

County record Public record

Recorded as	triplex
Living units	3
Year built	1910
Market value (2026)	$697,000
Property tax	$13,237
Special assessments	$5,144
Homestead	no
Last sale	2008-07-01 · $720,000

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

I 35W, about 516 m away.

Crime in Marcy Holmes

873 incidents in the last 12 months (58 per 1,000 residents), +36% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-02-25New at $1,600,000