210 7th Ave NE

Waseca, MN · View the listing ↗

Cash flows

12 photos

Photos, via Realtor.com.

Asking price: $149,900
Monthly cash flow: $856
Estimated rent: $2,950/mo
Break-even price: $310,775

Adjust the numbers See the full breakdown

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: $149,900
Cash to close: $34,477
Price per unit: $74,950
GRM: 4.2

Each month

Cash flow: $856/mo
Cash-on-cash: 29.8%
Cap rate: 13.2%
DSCR: 2.07×

Break-even

Price that breaks even: $310,775
Rent that breaks even: $1,838/mo

Long run

Year 30: property vs stocks: $1.95M vs $262K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$2,950
Vacancy (6%)	−$177
Collected	$2,773
Property tax Listing	−$171
Insurance Estimate	−$216
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$236
Capital reserve (9% of rent)	−$266
Net operating income	$1,654
Mortgage (principal + interest)	−$798
Cash flow	$856
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	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $134,910 of principal by year 30	$0
Plus rental profits, invested at 7%$587,164 of profit by year 30, before investment growth	$1,472,553
What you'd walk away with	$1,814,568
If you put the same money in stocks
Cash to close ($19,487) invested at 7%	$148,340
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	$148,340
Building minus stocks	$1,666,228

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $134,910 of principal by year 30	$0
Plus rental profits, invested at 7%$444,684 of profit by year 30, before investment growth	$1,084,347
What you'd walk away with	$1,426,363
If you put the same money in stocks
Cash to close ($19,487) invested at 7%	$148,340
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	$148,340
Building minus stocks	$1,278,023

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $125,910 of principal by year 30	$0
Plus rental profits, invested at 7%$608,990 of profit by year 30, before investment growth	$1,542,166
What you'd walk away with	$1,861,365
If you put the same money in stocks
Cash to close ($18,187) invested at 7%	$138,444
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	$138,444
Building minus stocks	$1,722,921

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $125,910 of principal by year 30	$0
Plus rental profits, invested at 7%$466,509 of profit by year 30, before investment growth	$1,153,960
What you'd walk away with	$1,473,160
If you put the same money in stocks
Cash to close ($18,187) invested at 7%	$138,444
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	$138,444
Building minus stocks	$1,334,716

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $119,920 of principal by year 30	$0
Plus rental profits, invested at 7%$627,114 of profit by year 30, before investment growth	$1,611,687
What you'd walk away with	$1,953,703
If you put the same money in stocks
Cash to close ($34,477) invested at 7%	$262,448
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	$262,448
Building minus stocks	$1,691,255

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $119,920 of principal by year 30	$0
Plus rental profits, invested at 7%$484,633 of profit by year 30, before investment growth	$1,223,482
What you'd walk away with	$1,565,498
If you put the same money in stocks
Cash to close ($34,477) invested at 7%	$262,448
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	$262,448
Building minus stocks	$1,303,050

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $111,920 of principal by year 30	$0
Plus rental profits, invested at 7%$646,275 of profit by year 30, before investment growth	$1,672,018
What you'd walk away with	$1,991,218
If you put the same money in stocks
Cash to close ($32,177) invested at 7%	$244,940
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	$244,940
Building minus stocks	$1,746,278

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $111,920 of principal by year 30	$0
Plus rental profits, invested at 7%$503,794 of profit by year 30, before investment growth	$1,283,813
What you'd walk away with	$1,603,012
If you put the same money in stocks
Cash to close ($32,177) invested at 7%	$244,940
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	$244,940
Building minus stocks	$1,358,072

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $112,425 of principal by year 30	$0
Plus rental profits, invested at 7%$645,065 of profit by year 30, before investment growth	$1,668,210
What you'd walk away with	$2,010,226
If you put the same money in stocks
Cash to close ($41,972) invested at 7%	$319,502
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	$319,502
Building minus stocks	$1,690,724

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $112,425 of principal by year 30	$0
Plus rental profits, invested at 7%$502,584 of profit by year 30, before investment growth	$1,280,005
What you'd walk away with	$1,622,020
If you put the same money in stocks
Cash to close ($41,972) invested at 7%	$319,502
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	$319,502
Building minus stocks	$1,302,518

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $104,925 of principal by year 30	$0
Plus rental profits, invested at 7%$663,028 of profit by year 30, before investment growth	$1,724,771
What you'd walk away with	$2,043,970
If you put the same money in stocks
Cash to close ($39,172) invested at 7%	$298,187
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	$298,187
Building minus stocks	$1,745,783

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $104,925 of principal by year 30	$0
Plus rental profits, invested at 7%$520,548 of profit by year 30, before investment growth	$1,336,565
What you'd walk away with	$1,655,765
If you put the same money in stocks
Cash to close ($39,172) invested at 7%	$298,187
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	$298,187
Building minus stocks	$1,357,578

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 $1.95M, stocks $262K. 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.

3 bed estimate $1,475/mo · range $1,275–$1,700 · 141 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
9 1st St SW Apt 1, Faribault	$1,650	3 / 1	—	18.4 mi	2026-09-22	Apartment
630 Maple Ln, Eagle Lake	$1,495	3 / 1.5	1,200	19.0 mi	2026-08-26	Apartment
217 Thomas Dr E, Eagle Lake	$1,495	3 / 2	1,232	19.1 mi	2025-05-29	Apartment
96 Valley Ln, Eagle Lake	$1,400	3 / 1.5	1,100	19.4 mi	2026-06-03	Apartment
101 Eagle Ave Apt 1, Eagle Lake	$1,600	3 / 3	1,242	19.5 mi	2024-05-16	Apartment
3200 Noble Dr, Mankato	$2,150	3 / 2	1,628	21.4 mi	2026-04-02	Apartment
701 S Victory Dr, Mankato	$1,199	3 / 1	925	23.3 mi	2026-08-10	Apartment
920 Patriot Dr, Mankato	$1,395	3 / 1.5	1,285	23.9 mi	2026-05-15	Apartment
340 Stadium Rd, Mankato	$1,600	3 / 1	1,025	24.2 mi	2026-03-07	Apartment
200 Briargate Rd, Mankato	$1,719	3 / 2	1,285	24.3 mi	2025-08-05	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 210 7TH AVE NE

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 311 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 Listinglisting, tax year 2025. 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.	$2,052
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,597
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 1915: +1 pt capital reserve	8% / 9%

Status history

2025-11-28New at $149,900

From the listing Listing

Listed as	duplex up and down
Property tax, 2025	$2,052
County	Waseca
Parcel number	173780120

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 Waseca on rental licensing before you buy.