Minneapolis › Jordan

2308 Logan Ave N

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

Cash flows

Asking price: $285,000
Monthly cash flow: $76
Estimated rent: $3,300/mo
Break-even price: $299,193

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: $285,000
Monthly cash flow: $76
Cash to close: $65,550
Cap rate: 6.7%
Cash-on-cash: 1.4%
DSCR: 1.05×
GRM: 7.2
Price per unit: $142,500
Price that breaks even: $299,193
Rent that breaks even: $3,202/mo
Cash flow turns positive: year 1
Year 30: property vs stocks: $1.32M vs $499K

Monthly breakdown

Rent	$3,300
Vacancy (6%)	−$198
Collected	$3,102
Property tax Estimate	−$499
Insurance Estimate	−$220
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	$1,592
Mortgage (principal + interest)	−$1,517
Cash flow	$76
Principal paid down (equity, not cash)	$193

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 $1.32M, stocks $499K. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $256,500 of principal by year 30	$0
Plus rental profits, invested at 7%$251,041 of profit by year 30, before investment growth	$471,431
What you'd walk away with	$1,121,695
If you put the same money in stocks
Cash to close ($37,050) invested at 7%	$282,034
Monthly shortfalls ($10,018 total by yr 30) investedThe money you'd have put into the building while it lost money	$65,729
What you'd walk away with	$347,763
Building minus stocks	$773,932

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $256,500 of principal by year 30	$0
Plus rental profits, invested at 7%$116,557 of profit by year 30, before investment growth	$180,077
What you'd walk away with	$830,340
If you put the same money in stocks
Cash to close ($37,050) invested at 7%	$282,034
Monthly shortfalls ($34,919 total by yr 30) investedThe money you'd have put into the building while it lost money	$208,638
What you'd walk away with	$490,672
Building minus stocks	$339,668

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $247,500 of principal by year 30	$0
Plus rental profits, invested at 7%$269,723 of profit by year 30, before investment growth	$520,777
What you'd walk away with	$1,148,225
If you put the same money in stocks
Cash to close ($35,750) invested at 7%	$272,138
Monthly shortfalls ($6,874 total by yr 30) investedThe money you'd have put into the building while it lost money	$45,462
What you'd walk away with	$317,600
Building minus stocks	$830,625

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $247,500 of principal by year 30	$0
Plus rental profits, invested at 7%$131,010 of profit by year 30, before investment growth	$209,868
What you'd walk away with	$837,315
If you put the same money in stocks
Cash to close ($35,750) invested at 7%	$272,138
Monthly shortfalls ($27,546 total by yr 30) investedThe money you'd have put into the building while it lost money	$168,816
What you'd walk away with	$440,954
Building minus stocks	$396,361

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $228,000 of principal by year 30	$0
Plus rental profits, invested at 7%$316,979 of profit by year 30, before investment growth	$670,235
What you'd walk away with	$1,320,498
If you put the same money in stocks
Cash to close ($65,550) invested at 7%	$498,983
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	$498,983
Building minus stocks	$821,515

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $228,000 of principal by year 30	$0
Plus rental profits, invested at 7%$165,804 of profit by year 30, before investment growth	$288,743
What you'd walk away with	$939,006
If you put the same money in stocks
Cash to close ($65,550) invested at 7%	$498,983
Monthly shortfalls ($8,211 total by yr 30) investedThe money you'd have put into the building while it lost money	$52,772
What you'd walk away with	$551,755
Building minus stocks	$387,251

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $220,000 of principal by year 30	$0
Plus rental profits, invested at 7%$336,139 of profit by year 30, before investment growth	$730,566
What you'd walk away with	$1,358,013
If you put the same money in stocks
Cash to close ($63,250) invested at 7%	$481,475
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	$481,475
Building minus stocks	$876,538

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $220,000 of principal by year 30	$0
Plus rental profits, invested at 7%$181,514 of profit by year 30, before investment growth	$327,835
What you'd walk away with	$955,283
If you put the same money in stocks
Cash to close ($63,250) invested at 7%	$481,475
Monthly shortfalls ($4,760 total by yr 30) investedThe money you'd have put into the building while it lost money	$31,533
What you'd walk away with	$513,008
Building minus stocks	$442,275

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $213,750 of principal by year 30	$0
Plus rental profits, invested at 7%$351,109 of profit by year 30, before investment growth	$777,700
What you'd walk away with	$1,427,963
If you put the same money in stocks
Cash to close ($79,800) invested at 7%	$607,458
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	$607,458
Building minus stocks	$820,505

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$691,770
Minus 6% selling cost	−$41,506
Minus loan still owedTenants' rent paid down all $213,750 of principal by year 30	$0
Plus rental profits, invested at 7%$194,410 of profit by year 30, before investment growth	$361,682
What you'd walk away with	$1,011,946
If you put the same money in stocks
Cash to close ($79,800) invested at 7%	$607,458
Monthly shortfalls ($2,687 total by yr 30) investedThe money you'd have put into the building while it lost money	$18,246
What you'd walk away with	$625,704
Building minus stocks	$386,242

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $206,250 of principal by year 30	$0
Plus rental profits, invested at 7%$369,072 of profit by year 30, before investment growth	$834,260
What you'd walk away with	$1,461,708
If you put the same money in stocks
Cash to close ($77,000) invested at 7%	$586,144
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	$586,144
Building minus stocks	$875,564

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$667,497
Minus 6% selling cost	−$40,050
Minus loan still owedTenants' rent paid down all $206,250 of principal by year 30	$0
Plus rental profits, invested at 7%$210,685 of profit by year 30, before investment growth	$406,965
What you'd walk away with	$1,034,412
If you put the same money in stocks
Cash to close ($77,000) invested at 7%	$586,144
Monthly shortfalls ($999 total by yr 30) investedThe money you'd have put into the building while it lost money	$6,968
What you'd walk away with	$593,112
Building minus stocks	$441,300

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 2308 LOGAN AVE N

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.	$5,985
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,638
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 1905: +1 pt capital reserve	8% / 9%

County record Public record

Recorded as	duplex
Living units	2
Year built	1905
Market value (2026)	$237,000
Property tax	$3,300
Special assessments	none
Homestead	no
Last sale	2018-11-01 · $207,000

Source: Hennepin County parcel records.

City rental license

No record in Minneapolis Active Rental Licenses.

Nearest highway

None, about 1742 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

2026-09-30New at $285,000