1535 2nd St NE

Cash flows

10 photos

Photos courtesy of Danielson Realty Group, LLC, via Realtor.com.

Asking price: $150,000
Monthly cash flow: $543
Estimated rent: $2,550/mo
Break-even price: $252,024

Adjust the numbers See the full breakdown

From the listing

One property, several possibilities! This home's duplex layout could make it a strong addition to a rental portfolio. For an investor ready to renovate, it may also offer a rehab and flip opportunity. Or, bring your vision and make it your primary residence, with the potential to convert to single family. The main floor unit features two bedrooms and one full bath; while the upper level unit features one bedroom and one full bathroom with an efficiency kitchen. Located near a bus stop, on a quiet dead-end street and adjacent to beautiful East Park. "Sold As-Is". Call today to schedule a showing!

Listing courtesy of Danielson Realty Group, LLC (Chase Danielson). Description from Realtor.com, MLS #7152519. 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: $150,000
Cash to close: $34,500
Price per unit: $75,000
GRM: 4.9

Each month

Cash flow: $543/mo
Cash-on-cash: 18.9%
Cap rate: 10.7%
DSCR: 1.68×

Break-even

Price that breaks even: $252,024
Rent that breaks even: $1,816/mo

Long run

Year 30: property vs stocks: $1.47M vs $263K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$2,550
Vacancy (6%)	−$153
Collected	$2,397
Property tax Listing	−$147
Insurance Estimate	−$169
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (10% of rent)	−$255
Capital reserve (10% of rent)	−$255
Net operating income	$1,341
Mortgage (principal + interest)	−$798
Cash flow	$543
Principal paid down (equity, not cash)	$102

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	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $135,000 of principal by year 30	$0
Plus rental profits, invested at 7%$411,911 of profit by year 30, before investment growth	$992,064
What you'd walk away with	$1,334,308
If you put the same money in stocks
Cash to close ($19,500) invested at 7%	$148,439
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	$148,439
Building minus stocks	$1,185,869

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $135,000 of principal by year 30	$0
Plus rental profits, invested at 7%$288,750 of profit by year 30, before investment growth	$656,497
What you'd walk away with	$998,741
If you put the same money in stocks
Cash to close ($19,500) invested at 7%	$148,439
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	$148,439
Building minus stocks	$850,302

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $126,000 of principal by year 30	$0
Plus rental profits, invested at 7%$433,737 of profit by year 30, before investment growth	$1,061,677
What you'd walk away with	$1,381,105
If you put the same money in stocks
Cash to close ($18,200) invested at 7%	$138,543
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	$138,543
Building minus stocks	$1,242,562

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $126,000 of principal by year 30	$0
Plus rental profits, invested at 7%$310,576 of profit by year 30, before investment growth	$726,110
What you'd walk away with	$1,045,537
If you put the same money in stocks
Cash to close ($18,200) invested at 7%	$138,543
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	$138,543
Building minus stocks	$906,994

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $120,000 of principal by year 30	$0
Plus rental profits, invested at 7%$451,888 of profit by year 30, before investment growth	$1,131,292
What you'd walk away with	$1,473,536
If you put the same money in stocks
Cash to close ($34,500) invested at 7%	$262,623
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	$262,623
Building minus stocks	$1,210,913

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $120,000 of principal by year 30	$0
Plus rental profits, invested at 7%$328,726 of profit by year 30, before investment growth	$795,724
What you'd walk away with	$1,137,968
If you put the same money in stocks
Cash to close ($34,500) invested at 7%	$262,623
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	$262,623
Building minus stocks	$875,345

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $112,000 of principal by year 30	$0
Plus rental profits, invested at 7%$471,048 of profit by year 30, before investment growth	$1,191,623
What you'd walk away with	$1,511,051
If you put the same money in stocks
Cash to close ($32,200) invested at 7%	$245,115
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	$245,115
Building minus stocks	$1,265,936

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $112,000 of principal by year 30	$0
Plus rental profits, invested at 7%$347,887 of profit by year 30, before investment growth	$856,055
What you'd walk away with	$1,175,483
If you put the same money in stocks
Cash to close ($32,200) invested at 7%	$245,115
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	$245,115
Building minus stocks	$930,368

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $112,500 of principal by year 30	$0
Plus rental profits, invested at 7%$469,851 of profit by year 30, before investment growth	$1,187,852
What you'd walk away with	$1,530,096
If you put the same money in stocks
Cash to close ($42,000) invested at 7%	$319,715
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	$319,715
Building minus stocks	$1,210,381

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$364,089
Minus 6% selling cost	−$21,845
Minus loan still owedTenants' rent paid down all $112,500 of principal by year 30	$0
Plus rental profits, invested at 7%$346,689 of profit by year 30, before investment growth	$852,285
What you'd walk away with	$1,194,529
If you put the same money in stocks
Cash to close ($42,000) invested at 7%	$319,715
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	$319,715
Building minus stocks	$874,814

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $105,000 of principal by year 30	$0
Plus rental profits, invested at 7%$487,814 of profit by year 30, before investment growth	$1,244,413
What you'd walk away with	$1,563,841
If you put the same money in stocks
Cash to close ($39,200) invested at 7%	$298,400
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	$298,400
Building minus stocks	$1,265,441

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,817
Minus 6% selling cost	−$20,389
Minus loan still owedTenants' rent paid down all $105,000 of principal by year 30	$0
Plus rental profits, invested at 7%$364,653 of profit by year 30, before investment growth	$908,845
What you'd walk away with	$1,228,273
If you put the same money in stocks
Cash to close ($39,200) invested at 7%	$298,400
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	$298,400
Building minus stocks	$929,873

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 $1.47M, stocks $263K. 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 $1,350/mo · range $1,100–$1,575 · 11 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1614 8 1/2 St SE Apt C, Rochester	$1,100	2 / 1	795	0.8 mi	—	Duplex triplex
211 1st St NE, Rochester	$1,445	2 / 2	868	0.9 mi	2025-07-10	Apartment
875 21st Ave SE, Rochester	$1,340	2 / 1	900	0.9 mi	2025-03-07	Apartment
517 5th Ave SE, Rochester	$1,350	2 / 1	1,074	0.9 mi	2026-07-31	Apartment
1609 10th St SE, Rochester	$945	2 / 1	800	1.0 mi	2026-06-15	Apartment
322 6th St SE Apt 1, Rochester	$1,100	2 / 1	800	1.0 mi	—	Apartment
1532 10th St SE, Rochester	$945	2 / 1	750	1.1 mi	2026-01-16	Apartment
401 Broadway Ave N, Rochester	$1,771	2 / 1	768	1.1 mi	2025-04-30	Apartment
115 16th St NE Unit B, Rochester	$2,000	2 / 1	1,227	1.3 mi	—	Apartment
204 13th St NW, Rochester	$1,170	2 / 1	705	1.4 mi	2025-07-17	Apartment

1 bed estimate $1,200/mo · range $900–$1,625 · 16 rentals within 1.5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
123 11th Ave SE Apt 5, Rochester	$885	1 / 1	800	0.5 mi	—	Apartment
519 E Center St, Rochester	$1,250	1 / 1	667	0.7 mi	2026-08-12	Apartment
211 1st St NE, Rochester	$1,345	1 / 1	602	0.9 mi	2025-07-10	Apartment
725 7th Ave SE Apt 2, Rochester	$825	1 / 1	838	1.0 mi	—	Apartment
510 3rd Ave SE, Rochester	$1,102	1 / 1	655	1.0 mi	2026-09-24	Apartment
28 7th St NE, Rochester	$1,655	1 / 1	656	1.0 mi	2025-03-14	Apartment
1532 10th St SE, Rochester	$845	1 / 1	650	1.1 mi	2026-01-16	Apartment
401 Broadway Ave N, Rochester	$1,579	1 / 1	711	1.1 mi	2025-04-30	Apartment
400 1st Ave NW, Rochester	$1,297	1 / 1	—	1.1 mi	2025-04-08	Apartment
301 15th St NE, Rochester	$1,155	1 / 1	—	1.1 mi	2026-07-21	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 1535 2ND ST NE
mediumSold as-is: the seller won't fix what the inspection finds. Price that in. Listing says: "street and adjacent to beautiful East Park. "Sold As-Is ". Call today to schedule a showing!"

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.	$1,760
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,028
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. "as-is" in the description: +2 pts each	10% / 10%

Status history

2026-09-30New at $150,000

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$1,760
County	Olmsted
Parcel number	743641014795

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 Rochester on rental licensing before you buy.