Minneapolis › Jordan

1523 22nd Ave N

Minneapolis, MN · Jordan · Find the listing ↗

Cash flows

Asking price: $214,900
Monthly cash flow: $834
Estimated rent: $3,575/mo
Break-even price: $371,566

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.)$1,925 $1,750–$2,100
2 bed / 1 bath (est.)$1,650 $1,425–$1,850

RentCast long-term rent estimate per unit, with our adjustments listed below. Confidence: medium. As of 2026-10-02. See the comparable rentals ↓

Rent rules: No rent cap.

Price: $214,900
Monthly cash flow: $834
Cash to close: $49,427
Cap rate: 11.0%
Cash-on-cash: 20.2%
DSCR: 1.73×
GRM: 5.0
Price per unit: $107,450
Price that breaks even: $371,566
Rent that breaks even: $2,492/mo
Cash flow turns positive: year 1
Year 30: property vs stocks: $2.20M vs $376K

Monthly breakdown

Rent	$3,575
Vacancy (6%)	−$214
Collected	$3,360
Property tax Public record	−$337
Insurance Estimate	−$208
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$286
Capital reserve (9% of rent)	−$322
Net operating income	$1,978
Mortgage (principal + interest)	−$1,144
Cash flow	$834
Principal paid down (equity, not cash)	$146

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 $2.20M, stocks $376K. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $193,410 of principal by year 30	$0
Plus rental profits, invested at 7%$622,358 of profit by year 30, before investment growth	$1,508,836
What you'd walk away with	$1,999,158
If you put the same money in stocks
Cash to close ($27,937) invested at 7%	$212,664
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	$212,664
Building minus stocks	$1,786,494

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $193,410 of principal by year 30	$0
Plus rental profits, invested at 7%$449,690 of profit by year 30, before investment growth	$1,038,384
What you'd walk away with	$1,528,705
If you put the same money in stocks
Cash to close ($27,937) invested at 7%	$212,664
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	$212,664
Building minus stocks	$1,316,041

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$497,346
Minus 6% selling cost	−$29,841
Minus loan still owedTenants' rent paid down all $184,410 of principal by year 30	$0
Plus rental profits, invested at 7%$644,183 of profit by year 30, before investment growth	$1,578,449
What you'd walk away with	$2,045,955
If you put the same money in stocks
Cash to close ($26,637) invested at 7%	$202,768
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	$202,768
Building minus stocks	$1,843,187

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$497,346
Minus 6% selling cost	−$29,841
Minus loan still owedTenants' rent paid down all $184,410 of principal by year 30	$0
Plus rental profits, invested at 7%$471,516 of profit by year 30, before investment growth	$1,107,997
What you'd walk away with	$1,575,502
If you put the same money in stocks
Cash to close ($26,637) invested at 7%	$202,768
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	$202,768
Building minus stocks	$1,372,734

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $171,920 of principal by year 30	$0
Plus rental profits, invested at 7%$679,630 of profit by year 30, before investment growth	$1,708,303
What you'd walk away with	$2,198,625
If you put the same money in stocks
Cash to close ($49,427) invested at 7%	$376,251
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	$376,251
Building minus stocks	$1,822,374

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $171,920 of principal by year 30	$0
Plus rental profits, invested at 7%$506,963 of profit by year 30, before investment growth	$1,237,850
What you'd walk away with	$1,728,172
If you put the same money in stocks
Cash to close ($49,427) invested at 7%	$376,251
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	$376,251
Building minus stocks	$1,351,921

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$497,346
Minus 6% selling cost	−$29,841
Minus loan still owedTenants' rent paid down all $163,920 of principal by year 30	$0
Plus rental profits, invested at 7%$698,791 of profit by year 30, before investment growth	$1,768,634
What you'd walk away with	$2,236,140
If you put the same money in stocks
Cash to close ($47,127) invested at 7%	$358,743
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	$358,743
Building minus stocks	$1,877,397

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$497,346
Minus 6% selling cost	−$29,841
Minus loan still owedTenants' rent paid down all $163,920 of principal by year 30	$0
Plus rental profits, invested at 7%$526,124 of profit by year 30, before investment growth	$1,298,182
What you'd walk away with	$1,765,687
If you put the same money in stocks
Cash to close ($47,127) invested at 7%	$358,743
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	$358,743
Building minus stocks	$1,406,944

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $161,175 of principal by year 30	$0
Plus rental profits, invested at 7%$705,366 of profit by year 30, before investment growth	$1,789,335
What you'd walk away with	$2,279,657
If you put the same money in stocks
Cash to close ($60,172) invested at 7%	$458,045
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	$458,045
Building minus stocks	$1,821,612

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $161,175 of principal by year 30	$0
Plus rental profits, invested at 7%$532,698 of profit by year 30, before investment growth	$1,318,883
What you'd walk away with	$1,809,204
If you put the same money in stocks
Cash to close ($60,172) invested at 7%	$458,045
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	$458,045
Building minus stocks	$1,351,159

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$497,346
Minus 6% selling cost	−$29,841
Minus loan still owedTenants' rent paid down all $153,675 of principal by year 30	$0
Plus rental profits, invested at 7%$723,329 of profit by year 30, before investment growth	$1,845,896
What you'd walk away with	$2,313,401
If you put the same money in stocks
Cash to close ($57,372) invested at 7%	$436,730
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	$436,730
Building minus stocks	$1,876,671

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$497,346
Minus 6% selling cost	−$29,841
Minus loan still owedTenants' rent paid down all $153,675 of principal by year 30	$0
Plus rental profits, invested at 7%$550,661 of profit by year 30, before investment growth	$1,375,443
What you'd walk away with	$1,842,949
If you put the same money in stocks
Cash to close ($57,372) invested at 7%	$436,730
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	$436,730
Building minus stocks	$1,406,219

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.

Comparable rentals

Nearby rentals RentCast matched to each unit type, as of 2026-10-02. The estimate above is RentCast's, weighted toward the closest matches.

3 bed / 1 bath estimate $1,925/mo · range $1,750–$2,100

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Match
1616 Emerson Ave N, Minneapolis 55411 off market	$1,648	3 / 1	1,600	0.5 mi	2026-04-17	96%
1510 22nd Ave N, Minneapolis 55411 off market	$1,670	3 / 1	1,500	0.0 mi	2026-05-07	95%
816 21st Ave N, Apt 225, Minneapolis 55411	$2,065	3 / 1	1,500	0.5 mi	2026-07-14	94%
816 21st Ave N, Apt 101, Minneapolis 55411	$2,065	3 / 1	1,500	0.5 mi	2026-07-14	94%
816 21st Ave N, Apt 107, Minneapolis 55411	$1,788	3 / 1	1,500	0.5 mi	2026-07-14	94%
816 21st Ave N, Apt 226, Minneapolis 55411	$2,065	3 / 1	1,500	0.5 mi	2026-07-14	94%
816 21st Ave N, Apt 336, Minneapolis 55411	$2,065	3 / 1	1,500	0.5 mi	2026-07-14	94%
816 21st Ave N, Apt 335, Minneapolis 55411	$2,065	3 / 1	1,500	0.5 mi	2026-07-14	94%
1500 W Broadway Ave, Unit 2, Minneapolis 55411 off market	$1,700	3 / 1	—	0.1 mi	2026-05-07	94%
1500 W Broadway Ave, Unit 3, Minneapolis 55411 off market	$1,700	3 / 1	—	0.1 mi	2026-05-07	94%

2 bed / 1 bath estimate $1,650/mo · range $1,425–$1,850

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Match
1407 N Girard Ave, Unit 2, Minneapolis 55411 off market	$1,900	2 / 1	1,472	0.6 mi	2026-04-23	94%
2935 Aldrich Ave N, Unit 1, Minneapolis 55411 off market	$1,300	2 / 1	—	0.8 mi	2026-04-24	93%
3107 Dupont Ave N, Unit 1, Minneapolis 55411 off market	$1,550	2 / 1	—	0.8 mi	2026-05-28	93%
1411 N Girard Ave, Unit 1, Minneapolis 55411 off market	$1,900	2 / 1	1,350	0.6 mi	2026-05-28	92%
816 21st Ave N, Apt 102, Minneapolis 55411	$1,788	2 / 1	1,249	0.5 mi	2026-07-14	91%
2900 Colfax Ave N, Minneapolis 55411 off market	$1,345	2 / 1	1,200	0.7 mi	2026-03-06	90%
1812 Golden Valley Rd, Minneapolis 55411	$1,450	2 / 1	1,120	0.3 mi	2026-07-21	90%
1801 Thomas Ave N, Minneapolis 55411 off market	$1,525	2 / 1	1,100	0.7 mi	2026-04-18	89%
2937-2939 Fremont Ave N, Minneapolis 55411 off market	$1,300	2 / 1	1,068	0.7 mi	2025-11-20	89%
3241 N Humboldt Ave, Minneapolis 55412 off market	$1,400	2 / 1	1,056	0.9 mi	2026-06-19	88%

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: RentCast. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

No red flags in the available data. That isn't the same as none.

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 recordHennepin County record, current payable year (non-homestead)	$4,043
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,499
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)	$212,900
Property tax	$4,043
Special assessments	none
Homestead	no
Last sale	2021-05-01 · $188,000

Source: Hennepin County parcel records.

City rental license

CHOWN: 2 unit(s), Tier 1, status active, renews 2027-03-01.

Nearest highway

None, about 1335 m away.

Crime in Jordan

596 incidents in the last 12 months (70 per 1,000 residents), +5% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-07-13New at $214,900