Minneapolis › Seward

2303 22nd Ave S

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

Far off

Asking price: $350,000
Monthly cash flow: −$911
Estimated rent: $2,400/mo
Break-even price: $178,931

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.)$1,350 $1,150–$1,550
1 bed / 1 bath (est.)$1,050 $900–$1,200

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: $350,000
Monthly cash flow: −$911
Cash to close: $80,500
Cap rate: 3.3%
Cash-on-cash: −13.6%
DSCR: 0.51×
GRM: 12.2
Price per unit: $175,000
Price that breaks even: $178,931
Rent that breaks even: $3,582/mo
Cash flow turns positive: year 29
Year 30: property vs stocks: $800K vs $1.33M

Monthly breakdown

Rent	$2,400
Vacancy (6%)	−$144
Collected	$2,256
Property tax Public record	−$463
Insurance Estimate	−$203
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$192
Capital reserve (9% of rent)	−$216
Net operating income	$952
Mortgage (principal + interest)	−$1,863
Cash flow	−$911
Principal paid down (equity, not cash)	$237

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 $800K, stocks $1.33M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $315,000 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	$798,569
If you put the same money in stocks
Cash to close ($45,500) invested at 7%	$346,358
Monthly shortfalls ($263,703 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,037,563
What you'd walk away with	$1,383,921
Building minus stocks	−$585,352

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $315,000 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	$798,569
If you put the same money in stocks
Cash to close ($45,500) invested at 7%	$346,358
Monthly shortfalls ($379,619 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,353,391
What you'd walk away with	$1,699,749
Building minus stocks	−$901,180

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $306,000 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	$775,753
If you put the same money in stocks
Cash to close ($44,200) invested at 7%	$336,462
Monthly shortfalls ($241,877 total by yr 30) investedThe money you'd have put into the building while it lost money	$967,950
What you'd walk away with	$1,304,412
Building minus stocks	−$528,659

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $306,000 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	$775,753
If you put the same money in stocks
Cash to close ($44,200) invested at 7%	$336,462
Monthly shortfalls ($357,794 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,283,778
What you'd walk away with	$1,620,240
Building minus stocks	−$844,487

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $280,000 of principal by year 30	$0
Plus rental profits, invested at 7%$980 of profit by year 30, before investment growth	$995
What you'd walk away with	$799,565
If you put the same money in stocks
Cash to close ($80,500) invested at 7%	$612,787
Monthly shortfalls ($171,405 total by yr 30) investedThe money you'd have put into the building while it lost money	$713,694
What you'd walk away with	$1,326,481
Building minus stocks	−$526,916

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $280,000 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	$798,569
If you put the same money in stocks
Cash to close ($80,500) invested at 7%	$612,787
Monthly shortfalls ($286,341 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,028,527
What you'd walk away with	$1,641,313
Building minus stocks	−$842,744

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $272,000 of principal by year 30	$0
Plus rental profits, invested at 7%$2,592 of profit by year 30, before investment growth	$2,701
What you'd walk away with	$778,454
If you put the same money in stocks
Cash to close ($78,200) invested at 7%	$595,278
Monthly shortfalls ($153,856 total by yr 30) investedThe money you'd have put into the building while it lost money	$655,068
What you'd walk away with	$1,250,347
Building minus stocks	−$471,893

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $272,000 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	$775,753
If you put the same money in stocks
Cash to close ($78,200) invested at 7%	$595,278
Monthly shortfalls ($267,181 total by yr 30) investedThe money you'd have put into the building while it lost money	$968,196
What you'd walk away with	$1,563,474
Building minus stocks	−$787,721

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $262,500 of principal by year 30	$0
Plus rental profits, invested at 7%$5,521 of profit by year 30, before investment growth	$5,946
What you'd walk away with	$804,516
If you put the same money in stocks
Cash to close ($98,000) invested at 7%	$746,001
Monthly shortfalls ($134,032 total by yr 30) investedThe money you'd have put into the building while it lost money	$586,671
What you'd walk away with	$1,332,672
Building minus stocks	−$528,156

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $262,500 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	$798,569
If you put the same money in stocks
Cash to close ($98,000) invested at 7%	$746,001
Monthly shortfalls ($244,427 total by yr 30) investedThe money you'd have put into the building while it lost money	$896,552
What you'd walk away with	$1,642,553
Building minus stocks	−$843,984

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $255,000 of principal by year 30	$0
Plus rental profits, invested at 7%$8,695 of profit by year 30, before investment growth	$9,642
What you'd walk away with	$785,396
If you put the same money in stocks
Cash to close ($95,200) invested at 7%	$724,687
Monthly shortfalls ($119,243 total by yr 30) investedThe money you'd have put into the building while it lost money	$533,806
What you'd walk away with	$1,258,493
Building minus stocks	−$473,097

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,269
Minus 6% selling cost	−$49,516
Minus loan still owedTenants' rent paid down all $255,000 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	$775,753
If you put the same money in stocks
Cash to close ($95,200) invested at 7%	$724,687
Monthly shortfalls ($226,464 total by yr 30) investedThe money you'd have put into the building while it lost money	$839,992
What you'd walk away with	$1,564,679
Building minus stocks	−$788,926

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

mediumAsking is $171,069 above the price where cash flow breaks even ($178,931) at the default scenario. Based on: Derived: price $350,000 vs. break-even $178,931

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 Public recordHennepin County record, current payable year (non-homestead)	$5,551
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,436
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 1900: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1900
Market value (2026)	$292,300
Property tax	$5,551
Special assessments	none
Homestead	no
Last sale	2021-12-01 · $330,000

Source: Hennepin County parcel records.

City rental license

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

Nearest highway

MN 55, about 388 m away.

Crime in Seward

516 incidents in the last 12 months (69 per 1,000 residents), +0% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-08-04New at $350,000