2221 Bloomington Ave

Minneapolis, MN · Ventura Village · Listing office ↗ · Find the listing ↗

Overpriced

Asking price: $399,999
Monthly cash flow: −$717
Estimated rent: $3,300/mo
Break-even price: $265,334

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

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: $399,999
Monthly cash flow: −$717
Cash to close: $92,000
Cap rate: 4.2%
Cash-on-cash: −9.3%
DSCR: 0.66×
GRM: 10.1
Price per unit: $200,000
Price that breaks even: $265,334
Rent that breaks even: $4,231/mo
Cash flow turns positive: year 18
Year 30: property vs stocks: $997K vs $1.10M

Monthly breakdown

Rent	$3,300
Vacancy (6%)	−$198
Collected	$3,102
Property tax Public record	−$658
Insurance Estimate	−$240
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$264
Capital reserve (9% of rent)	−$297
Net operating income	$1,412
Mortgage (principal + interest)	−$2,129
Cash flow	−$717
Principal paid down (equity, not cash)	$271

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 $997K, stocks $1.10M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$970,903
Minus 6% selling cost	−$58,254
Minus loan still owedTenants' rent paid down all $359,999 of principal by year 30	$0
Plus rental profits, invested at 7%$28,361 of profit by year 30, before investment growth	$33,530
What you'd walk away with	$946,178
If you put the same money in stocks
Cash to close ($52,000) invested at 7%	$395,836
Monthly shortfalls ($149,968 total by yr 30) investedThe money you'd have put into the building while it lost money	$725,286
What you'd walk away with	$1,121,122
Building minus stocks	−$174,944

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$970,903
Minus 6% selling cost	−$58,254
Minus loan still owedTenants' rent paid down all $359,999 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	$912,648
If you put the same money in stocks
Cash to close ($52,000) invested at 7%	$395,836
Monthly shortfalls ($280,993 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,126,020
What you'd walk away with	$1,521,856
Building minus stocks	−$609,208

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$946,630
Minus 6% selling cost	−$56,798
Minus loan still owedTenants' rent paid down all $350,999 of principal by year 30	$0
Plus rental profits, invested at 7%$34,924 of profit by year 30, before investment growth	$42,315
What you'd walk away with	$932,147
If you put the same money in stocks
Cash to close ($50,700) invested at 7%	$385,940
Monthly shortfalls ($134,706 total by yr 30) investedThe money you'd have put into the building while it lost money	$664,458
What you'd walk away with	$1,050,398
Building minus stocks	−$118,251

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$946,630
Minus 6% selling cost	−$56,798
Minus loan still owedTenants' rent paid down all $350,999 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	$889,832
If you put the same money in stocks
Cash to close ($50,700) invested at 7%	$385,940
Monthly shortfalls ($259,167 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,056,407
What you'd walk away with	$1,442,347
Building minus stocks	−$552,515

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$970,903
Minus 6% selling cost	−$58,254
Minus loan still owedTenants' rent paid down all $319,999 of principal by year 30	$0
Plus rental profits, invested at 7%$63,297 of profit by year 30, before investment growth	$83,957
What you'd walk away with	$996,606
If you put the same money in stocks
Cash to close ($92,000) invested at 7%	$700,326
Monthly shortfalls ($78,301 total by yr 30) investedThe money you'd have put into the building while it lost money	$404,441
What you'd walk away with	$1,104,767
Building minus stocks	−$108,161

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$970,903
Minus 6% selling cost	−$58,254
Minus loan still owedTenants' rent paid down all $319,999 of principal by year 30	$0
Plus rental profits, invested at 7%$3,192 of profit by year 30, before investment growth	$3,331
What you'd walk away with	$915,980
If you put the same money in stocks
Cash to close ($92,000) invested at 7%	$700,326
Monthly shortfalls ($177,581 total by yr 30) investedThe money you'd have put into the building while it lost money	$758,079
What you'd walk away with	$1,458,405
Building minus stocks	−$542,425

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$946,630
Minus 6% selling cost	−$56,798
Minus loan still owedTenants' rent paid down all $311,999 of principal by year 30	$0
Plus rental profits, invested at 7%$72,135 of profit by year 30, before investment growth	$98,109
What you'd walk away with	$987,941
If you put the same money in stocks
Cash to close ($89,700) invested at 7%	$682,818
Monthly shortfalls ($67,978 total by yr 30) investedThe money you'd have put into the building while it lost money	$358,261
What you'd walk away with	$1,041,079
Building minus stocks	−$53,138

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$946,630
Minus 6% selling cost	−$56,798
Minus loan still owedTenants' rent paid down all $311,999 of principal by year 30	$0
Plus rental profits, invested at 7%$5,602 of profit by year 30, before investment growth	$5,989
What you'd walk away with	$895,822
If you put the same money in stocks
Cash to close ($89,700) invested at 7%	$682,818
Monthly shortfalls ($160,830 total by yr 30) investedThe money you'd have put into the building while it lost money	$700,406
What you'd walk away with	$1,383,223
Building minus stocks	−$487,401

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$970,903
Minus 6% selling cost	−$58,254
Minus loan still owedTenants' rent paid down all $299,999 of principal by year 30	$0
Plus rental profits, invested at 7%$86,654 of profit by year 30, before investment growth	$122,611
What you'd walk away with	$1,035,260
If you put the same money in stocks
Cash to close ($112,000) invested at 7%	$852,570
Monthly shortfalls ($53,756 total by yr 30) investedThe money you'd have put into the building while it lost money	$292,267
What you'd walk away with	$1,144,838
Building minus stocks	−$109,578

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$970,903
Minus 6% selling cost	−$58,254
Minus loan still owedTenants' rent paid down all $299,999 of principal by year 30	$0
Plus rental profits, invested at 7%$10,595 of profit by year 30, before investment growth	$11,793
What you'd walk away with	$924,441
If you put the same money in stocks
Cash to close ($112,000) invested at 7%	$852,570
Monthly shortfalls ($137,083 total by yr 30) investedThe money you'd have put into the building while it lost money	$615,713
What you'd walk away with	$1,468,283
Building minus stocks	−$543,842

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$946,630
Minus 6% selling cost	−$56,798
Minus loan still owedTenants' rent paid down all $292,499 of principal by year 30	$0
Plus rental profits, invested at 7%$96,476 of profit by year 30, before investment growth	$140,025
What you'd walk away with	$1,029,857
If you put the same money in stocks
Cash to close ($109,200) invested at 7%	$831,256
Monthly shortfalls ($45,616 total by yr 30) investedThe money you'd have put into the building while it lost money	$253,120
What you'd walk away with	$1,084,376
Building minus stocks	−$54,519

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$946,630
Minus 6% selling cost	−$56,798
Minus loan still owedTenants' rent paid down all $292,499 of principal by year 30	$0
Plus rental profits, invested at 7%$14,520 of profit by year 30, before investment growth	$16,574
What you'd walk away with	$906,407
If you put the same money in stocks
Cash to close ($109,200) invested at 7%	$831,256
Monthly shortfalls ($123,045 total by yr 30) investedThe money you'd have put into the building while it lost money	$563,934
What you'd walk away with	$1,395,190
Building minus stocks	−$488,783

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 2221 BLOOMINGTON AVE
mediumAsking is $134,665 above the price where cash flow breaks even ($265,334) at the default scenario. Based on: Derived: price $399,999 vs. break-even $265,334

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 79 days on market, 3 price cuts

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)	$7,902
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,884
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 1904: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1904
Market value (2026)	$416,100
Property tax	$7,902
Special assessments	none
Homestead	no
Last sale	2024-12-01 · $394,000

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

MN 55, about 315 m away.

Crime in Ventura Village

505 incidents in the last 12 months (72 per 1,000 residents), −2% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-07-15Price cut at $399,999 (was $430,000) · from listing history
2026-03-06Price cut at $430,000 (was $489,900) · from listing history
2025-12-11Price cut at $489,900 (was $515,000) · from listing history
2025-07-12Price increase at $515,000 (was $399,000) · from listing history
2026-07-15New at $399,999