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Minneapolis › Hawthorne

2125 N 6th St

Minneapolis, MN · Hawthorne · Find the listing ↗

Overpriced

Needs more info before these numbers mean much. The city's rental license covers 1 unit(s); this analysis counts 2.

Asking price
$335,000
2 units · $168K per unit
Monthly cash flow
−$542
at 20% down, 7%
Estimated rent
$3,000/mo
rough estimate
Break-even price
$233,135
where cash flow hits $0

Adjust these numbers in the calculator See the full breakdown

The numbers

Down payment %
Offer
Management
Interest rate %

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
  • 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
$335,000
Monthly cash flow
−$542
Cash to close
$77,050
Cap rate
4.4%
Cash-on-cash
−8.4%
DSCR
0.70×
GRM
9.3
Price per unit
$167,500
Price that breaks even
$233,135
Rent that breaks even
$3,704/mo
Cash flow turns positive
year 16
Year 30: property vs stocks
$858K vs $870K

Monthly breakdown

Rent$3,000
Vacancy (6%)−$180
Collected$2,820
Property tax Estimate−$586
Insurance Estimate−$253
Water, sewer, trash Estimate−$170
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (8% of rent)−$240
Capital reserve (9% of rent)−$270
Net operating income$1,241
Mortgage (principal + interest)−$1,783
Cash flow−$542
Principal paid down (equity, not cash)$227

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 $858K, stocks $870K. Stocks win.

How those totals add up

Year 30
If you buy this building
Sale priceValue grows 3% a year from the price$813,133
Minus 6% selling cost−$48,788
Minus loan still owedTenants' rent paid down all $268,000 of principal by year 30$0
Plus rental profits, invested at 7%$67,535 of profit by year 30, before investment growth$93,569
What you'd walk away with$857,913
If you put the same money in stocks
Cash to close ($77,050) invested at 7%$586,524
Monthly shortfalls ($52,942 total by yr 30) investedThe money you'd have put into the building while it lost money$282,995
What you'd walk away with$869,519
Building minus stocks−$11,606

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

  • highThe city's rental license covers 1 unit(s); this analysis counts 2. Public record: Minneapolis Active Rental Licenses: 2125 6TH ST N, units=1
  • mediumAsking is $101,865 above the price where cash flow breaks even ($233,135) at the default scenario. Based on: Derived: price $335,000 vs. break-even $233,135

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 Estimateestimate. No tax record found; 2.1% of price.$7,035
Insurance / yr Estimateestimate. from units, square feet and age; get a quote$3,035
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 1912: +1 pt capital reserve8% / 9%

County record Public record

Recorded asduplex
Living units2
Year built1912
Market value (2026)$344,000
Property tax$5,106
Special assessmentsnone
Homesteadno
Last sale2023-03-01 · $299,900

Source: Hennepin County parcel records.

City rental license

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

Nearest highway

None, about 306 m away.

Crime in Hawthorne

446 incidents in the last 12 months (79 per 1,000 residents), −1% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history