2400 Emerson Ave N

Minneapolis, MN · Hawthorne · Find the listing ↗

Asking price: $355,000
Monthly cash flow: −$144
Estimated rent: $3,300/mo
Break-even price: $327,900

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: $355,000
Monthly cash flow: −$144
Cash to close: $81,650
Cap rate: 5.9%
Cash-on-cash: −2.1%
DSCR: 0.92×
GRM: 9.0
Price per unit: $177,500
Price that breaks even: $327,900
Rent that breaks even: $3,487/mo
Cash flow turns positive: year 4
Year 30: property vs stocks: $1.33M vs $645K

Monthly breakdown

Rent	$3,300
Vacancy (6%)	−$198
Collected	$3,102
Property tax Public record	−$338
Insurance Estimate	−$228
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	$1,745
Mortgage (principal + interest)	−$1,889
Cash flow	−$144
Principal paid down (equity, not cash)	$240

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 $1.33M, stocks $645K. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,678
Minus 6% selling cost	−$51,701
Minus loan still owedTenants' rent paid down all $319,500 of principal by year 30	$0
Plus rental profits, invested at 7%$211,829 of profit by year 30, before investment growth	$351,992
What you'd walk away with	$1,161,970
If you put the same money in stocks
Cash to close ($46,150) invested at 7%	$351,306
Monthly shortfalls ($28,939 total by yr 30) investedThe money you'd have put into the building while it lost money	$181,853
What you'd walk away with	$533,159
Building minus stocks	$628,811

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,678
Minus 6% selling cost	−$51,701
Minus loan still owedTenants' rent paid down all $319,500 of principal by year 30	$0
Plus rental profits, invested at 7%$95,247 of profit by year 30, before investment growth	$133,619
What you'd walk away with	$943,596
If you put the same money in stocks
Cash to close ($46,150) invested at 7%	$351,306
Monthly shortfalls ($71,743 total by yr 30) investedThe money you'd have put into the building while it lost money	$397,743
What you'd walk away with	$749,049
Building minus stocks	$194,547

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,406
Minus 6% selling cost	−$50,244
Minus loan still owedTenants' rent paid down all $310,500 of principal by year 30	$0
Plus rental profits, invested at 7%$228,199 of profit by year 30, before investment growth	$389,697
What you'd walk away with	$1,176,858
If you put the same money in stocks
Cash to close ($44,850) invested at 7%	$341,410
Monthly shortfalls ($23,484 total by yr 30) investedThe money you'd have put into the building while it lost money	$149,945
What you'd walk away with	$491,355
Building minus stocks	$685,503

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,406
Minus 6% selling cost	−$50,244
Minus loan still owedTenants' rent paid down all $310,500 of principal by year 30	$0
Plus rental profits, invested at 7%$106,878 of profit by year 30, before investment growth	$154,055
What you'd walk away with	$941,216
If you put the same money in stocks
Cash to close ($44,850) invested at 7%	$341,410
Monthly shortfalls ($61,548 total by yr 30) investedThe money you'd have put into the building while it lost money	$348,566
What you'd walk away with	$689,976
Building minus stocks	$251,240

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,678
Minus 6% selling cost	−$51,701
Minus loan still owedTenants' rent paid down all $284,000 of principal by year 30	$0
Plus rental profits, invested at 7%$280,936 of profit by year 30, before investment growth	$523,050
What you'd walk away with	$1,333,027
If you put the same money in stocks
Cash to close ($81,650) invested at 7%	$621,541
Monthly shortfalls ($3,435 total by yr 30) investedThe money you'd have put into the building while it lost money	$23,405
What you'd walk away with	$644,946
Building minus stocks	$688,081

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,678
Minus 6% selling cost	−$51,701
Minus loan still owedTenants' rent paid down all $284,000 of principal by year 30	$0
Plus rental profits, invested at 7%$145,727 of profit by year 30, before investment growth	$228,771
What you'd walk away with	$1,038,748
If you put the same money in stocks
Cash to close ($81,650) invested at 7%	$621,541
Monthly shortfalls ($27,612 total by yr 30) investedThe money you'd have put into the building while it lost money	$163,390
What you'd walk away with	$784,931
Building minus stocks	$253,817

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,406
Minus 6% selling cost	−$50,244
Minus loan still owedTenants' rent paid down all $276,000 of principal by year 30	$0
Plus rental profits, invested at 7%$298,265 of profit by year 30, before investment growth	$571,148
What you'd walk away with	$1,358,309
If you put the same money in stocks
Cash to close ($79,350) invested at 7%	$604,032
Monthly shortfalls ($1,604 total by yr 30) investedThe money you'd have put into the building while it lost money	$11,172
What you'd walk away with	$615,204
Building minus stocks	$743,105

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,406
Minus 6% selling cost	−$50,244
Minus loan still owedTenants' rent paid down all $276,000 of principal by year 30	$0
Plus rental profits, invested at 7%$158,865 of profit by year 30, before investment growth	$256,364
What you'd walk away with	$1,043,525
If you put the same money in stocks
Cash to close ($79,350) invested at 7%	$604,032
Monthly shortfalls ($21,589 total by yr 30) investedThe money you'd have put into the building while it lost money	$130,652
What you'd walk away with	$734,684
Building minus stocks	$308,841

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,678
Minus 6% selling cost	−$51,701
Minus loan still owedTenants' rent paid down all $266,250 of principal by year 30	$0
Plus rental profits, invested at 7%$320,327 of profit by year 30, before investment growth	$635,737
What you'd walk away with	$1,445,714
If you put the same money in stocks
Cash to close ($99,400) invested at 7%	$756,658
Monthly shortfalls ($314 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,232
What you'd walk away with	$758,890
Building minus stocks	$686,824

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,678
Minus 6% selling cost	−$51,701
Minus loan still owedTenants' rent paid down all $266,250 of principal by year 30	$0
Plus rental profits, invested at 7%$175,763 of profit by year 30, before investment growth	$293,570
What you'd walk away with	$1,103,547
If you put the same money in stocks
Cash to close ($99,400) invested at 7%	$756,658
Monthly shortfalls ($15,135 total by yr 30) investedThe money you'd have put into the building while it lost money	$94,330
What you'd walk away with	$850,988
Building minus stocks	$252,559

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,406
Minus 6% selling cost	−$50,244
Minus loan still owedTenants' rent paid down all $258,750 of principal by year 30	$0
Plus rental profits, invested at 7%$337,976 of profit by year 30, before investment growth	$690,065
What you'd walk away with	$1,477,226
If you put the same money in stocks
Cash to close ($96,600) invested at 7%	$735,344
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	$735,344
Building minus stocks	$741,882

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,406
Minus 6% selling cost	−$50,244
Minus loan still owedTenants' rent paid down all $258,750 of principal by year 30	$0
Plus rental profits, invested at 7%$189,522 of profit by year 30, before investment growth	$325,515
What you'd walk away with	$1,112,677
If you put the same money in stocks
Cash to close ($96,600) invested at 7%	$735,344
Monthly shortfalls ($10,931 total by yr 30) investedThe money you'd have put into the building while it lost money	$69,714
What you'd walk away with	$805,058
Building minus stocks	$307,619

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

No red flags in the available data. That isn't the same as none.

Opportunities

The seller bought for $120,000 in Nov 2019, so they can take a lower offer and still come out well ahead. Public record: Hennepin County parcel 1602924120020: last sale 2019-11-01, $120,000

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)	$4,056
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,733
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)	$213,600
Property tax	$4,056
Special assessments	none
Homestead	no
Last sale	2019-11-01 · $120,000

Source: Hennepin County parcel records.

City rental license

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

Nearest highway

I 94, about 855 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

2026-08-21New at $355,000