Minneapolis › Jordan

2226 Girard Ave N

Minneapolis, MN · Jordan · Listing office ↗ · Find the listing ↗

Cash flows

Asking price: $150,000
Monthly cash flow: $781
Estimated rent: $2,825/mo
Break-even price: $296,826

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

2 bed / 1 bath (est.)$1,575 $1,350–$1,800
1 bed / 1 bath (est.)$1,250 $900–$1,600

RentCast long-term rent estimate per unit, with our adjustments listed below. Confidence: medium.

Rent rules: No rent cap.

Price: $150,000
Monthly cash flow: $781
Cash to close: $34,500
Cap rate: 12.6%
Cash-on-cash: 27.2%
DSCR: 1.98×
GRM: 4.4
Price per unit: $75,000
Price that breaks even: $296,826
Rent that breaks even: $1,823/mo
Cash flow turns positive: year 1
Year 30: property vs stocks: $1.84M vs $263K

Monthly breakdown

Rent	$2,825
Vacancy (6%)	−$170
Collected	$2,656
Property tax Public record	−$214
Insurance Estimate	−$179
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$226
Capital reserve (8% of rent)	−$226
Net operating income	$1,580
Mortgage (principal + interest)	−$798
Cash flow	$781
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: this property vs. the same money in stocks

This propertyStocks at 7%

Year 30 (loan paid off): property $1.84M, stocks $263K. The property wins.

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%$544,256 of profit by year 30, before investment growth	$1,355,793
What you'd walk away with	$1,698,037
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	$1,549,598

	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%$407,813 of profit by year 30, before investment growth	$984,037
What you'd walk away with	$1,326,281
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	$1,177,842

	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%$566,082 of profit by year 30, before investment growth	$1,425,406
What you'd walk away with	$1,744,834
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	$1,606,291

	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%$429,638 of profit by year 30, before investment growth	$1,053,650
What you'd walk away with	$1,373,078
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	$1,234,535

	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%$584,232 of profit by year 30, before investment growth	$1,495,021
What you'd walk away with	$1,837,265
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	$1,574,642

	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%$447,789 of profit by year 30, before investment growth	$1,123,265
What you'd walk away with	$1,465,509
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	$1,202,886

	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%$603,393 of profit by year 30, before investment growth	$1,555,352
What you'd walk away with	$1,874,780
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	$1,629,665

	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%$466,950 of profit by year 30, before investment growth	$1,183,596
What you'd walk away with	$1,503,024
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	$1,257,909

	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%$602,195 of profit by year 30, before investment growth	$1,551,581
What you'd walk away with	$1,893,825
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	$1,574,110

	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%$465,752 of profit by year 30, before investment growth	$1,179,825
What you'd walk away with	$1,522,069
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	$1,202,354

	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%$620,159 of profit by year 30, before investment growth	$1,608,142
What you'd walk away with	$1,927,570
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	$1,629,170

	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%$483,715 of profit by year 30, before investment growth	$1,236,386
What you'd walk away with	$1,555,814
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	$1,257,414

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

mediumFlat roof per the city assessor on a stucco building: get its age and a moisture inspection. Public record: Hennepin County parcel 1602924120104: roof=FLAT, exterior=STUCCO

Opportunities

The seller bought for $40,000 in May 2009, so they can take a lower offer and still come out well ahead. Public record: Hennepin County parcel 1602924120104: last sale 2009-05-01, $40,000

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)	$2,572
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,152
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. base rate	8% / 8%

County record Public record

Recorded as	duplex
Living units	2
Year built	1921
Market value (2026)	$135,400
Property tax	$2,572
Special assessments	none
Homestead	no
Last sale	2009-05-01 · $40,000

Source: Hennepin County parcel records.

City rental license

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

Nearest highway

None, about 1090 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

2026-09-09New at $150,000