Minneapolis › Jordan

2410 James Ave N

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

Cash flows

Asking price: $300,000
Monthly cash flow: $130
Estimated rent: $3,300/mo
Break-even price: $324,466

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: $300,000
Monthly cash flow: $130
Cash to close: $69,000
Cap rate: 6.9%
Cash-on-cash: 2.3%
DSCR: 1.08×
GRM: 7.6
Price per unit: $150,000
Price that breaks even: $324,466
Rent that breaks even: $3,131/mo
Cash flow turns positive: year 1
Year 30: property vs stocks: $1.49M vs $525K

Monthly breakdown

Rent	$3,300
Vacancy (6%)	−$198
Collected	$3,102
Property tax Public record	−$371
Insurance Estimate	−$213
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	$1,727
Mortgage (principal + interest)	−$1,597
Cash flow	$130
Principal paid down (equity, not cash)	$203

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 $1.49M, stocks $525K. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $270,000 of principal by year 30	$0
Plus rental profits, invested at 7%$299,543 of profit by year 30, before investment growth	$575,306
What you'd walk away with	$1,259,794
If you put the same money in stocks
Cash to close ($39,000) invested at 7%	$296,878
Monthly shortfalls ($7,930 total by yr 30) investedThe money you'd have put into the building while it lost money	$52,400
What you'd walk away with	$349,278
Building minus stocks	$910,516

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $270,000 of principal by year 30	$0
Plus rental profits, invested at 7%$159,878 of profit by year 30, before investment growth	$260,086
What you'd walk away with	$944,574
If you put the same money in stocks
Cash to close ($39,000) invested at 7%	$296,878
Monthly shortfalls ($27,651 total by yr 30) investedThe money you'd have put into the building while it lost money	$171,444
What you'd walk away with	$468,322
Building minus stocks	$476,252

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $261,000 of principal by year 30	$0
Plus rental profits, invested at 7%$318,224 of profit by year 30, before investment growth	$624,652
What you'd walk away with	$1,286,323
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($4,786 total by yr 30) investedThe money you'd have put into the building while it lost money	$32,133
What you'd walk away with	$319,115
Building minus stocks	$967,208

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $261,000 of principal by year 30	$0
Plus rental profits, invested at 7%$175,765 of profit by year 30, before investment growth	$295,656
What you'd walk away with	$957,328
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($21,712 total by yr 30) investedThe money you'd have put into the building while it lost money	$137,402
What you'd walk away with	$424,384
Building minus stocks	$532,944

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $240,000 of principal by year 30	$0
Plus rental profits, invested at 7%$371,565 of profit by year 30, before investment growth	$801,360
What you'd walk away with	$1,485,848
If you put the same money in stocks
Cash to close ($69,000) invested at 7%	$525,246
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	$525,246
Building minus stocks	$960,602

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $240,000 of principal by year 30	$0
Plus rental profits, invested at 7%$216,445 of profit by year 30, before investment growth	$395,650
What you'd walk away with	$1,080,138
If you put the same money in stocks
Cash to close ($69,000) invested at 7%	$525,246
Monthly shortfalls ($4,266 total by yr 30) investedThe money you'd have put into the building while it lost money	$28,553
What you'd walk away with	$553,799
Building minus stocks	$526,339

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $232,000 of principal by year 30	$0
Plus rental profits, invested at 7%$390,726 of profit by year 30, before investment growth	$861,692
What you'd walk away with	$1,523,363
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
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	$507,737
Building minus stocks	$1,015,626

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $232,000 of principal by year 30	$0
Plus rental profits, invested at 7%$233,357 of profit by year 30, before investment growth	$441,289
What you'd walk away with	$1,102,961
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($2,017 total by yr 30) investedThe money you'd have put into the building while it lost money	$13,862
What you'd walk away with	$521,599
Building minus stocks	$581,362

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $225,000 of principal by year 30	$0
Plus rental profits, invested at 7%$407,491 of profit by year 30, before investment growth	$914,481
What you'd walk away with	$1,598,969
If you put the same money in stocks
Cash to close ($84,000) invested at 7%	$639,429
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	$639,429
Building minus stocks	$959,540

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$728,179
Minus 6% selling cost	−$43,691
Minus loan still owedTenants' rent paid down all $225,000 of principal by year 30	$0
Plus rental profits, invested at 7%$248,814 of profit by year 30, before investment growth	$485,197
What you'd walk away with	$1,169,685
If you put the same money in stocks
Cash to close ($84,000) invested at 7%	$639,429
Monthly shortfalls ($708 total by yr 30) investedThe money you'd have put into the building while it lost money	$4,979
What you'd walk away with	$644,409
Building minus stocks	$525,276

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $217,500 of principal by year 30	$0
Plus rental profits, invested at 7%$425,454 of profit by year 30, before investment growth	$971,042
What you'd walk away with	$1,632,714
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
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	$618,115
Building minus stocks	$1,014,599

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $217,500 of principal by year 30	$0
Plus rental profits, invested at 7%$266,069 of profit by year 30, before investment growth	$536,778
What you'd walk away with	$1,198,450
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
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	$618,115
Building minus stocks	$580,335

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

mediumRental license Tier 2: the city has flagged more violations than typical; expect more frequent inspections and repair orders. Public record: Minneapolis Active Rental Licenses: 2410 JAMES AVE N, grade/tier=Tier 2, status=Active
lowSold for $516,877 in Jun 2025, more than today's asking price. Ask why the owner is selling again so soon. Public record: Hennepin County parcel 1602924210116: last sale 2025-06-01, $516,877

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)	$4,448
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,561
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)	$235,300
Property tax	$4,448
Special assessments	none
Homestead	no
Last sale	2025-06-01 · $516,877

Source: Hennepin County parcel records.

City rental license

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

Nearest highway

I 94, about 1471 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

2026-07-31New at $300,000