3010 15th Ave S

Minneapolis, MN · Powderhorn Park · Find the listing ↗

Cash flows

Asking price: $276,000
Monthly cash flow: $538
Estimated rent: $3,300/mo
Break-even price: $377,175

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: $276,000
Monthly cash flow: $538
Cash to close: $63,480
Cap rate: 8.7%
Cash-on-cash: 10.2%
DSCR: 1.37×
GRM: 7.0
Price per unit: $138,000
Price that breaks even: $377,175
Rent that breaks even: $2,601/mo
Cash flow turns positive: year 1
Year 30: property vs stocks: $2.04M vs $483K

Monthly breakdown

Rent	$3,300
Vacancy (6%)	−$198
Collected	$3,102
Property tax Public record	−$77
Insurance Estimate	−$226
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	$2,007
Mortgage (principal + interest)	−$1,469
Cash flow	$538
Principal paid down (equity, not cash)	$187

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 $2.04M, stocks $483K. The property wins.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$669,924
Minus 6% selling cost	−$40,195
Minus loan still owedTenants' rent paid down all $248,400 of principal by year 30	$0
Plus rental profits, invested at 7%$517,778 of profit by year 30, before investment growth	$1,152,184
What you'd walk away with	$1,781,913
If you put the same money in stocks
Cash to close ($35,880) invested at 7%	$273,128
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	$273,128
Building minus stocks	$1,508,785

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$669,924
Minus 6% selling cost	−$40,195
Minus loan still owedTenants' rent paid down all $248,400 of principal by year 30	$0
Plus rental profits, invested at 7%$359,712 of profit by year 30, before investment growth	$727,135
What you'd walk away with	$1,356,864
If you put the same money in stocks
Cash to close ($35,880) invested at 7%	$273,128
Monthly shortfalls ($1,319 total by yr 30) investedThe money you'd have put into the building while it lost money	$9,216
What you'd walk away with	$282,343
Building minus stocks	$1,074,521

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$645,652
Minus 6% selling cost	−$38,739
Minus loan still owedTenants' rent paid down all $239,400 of principal by year 30	$0
Plus rental profits, invested at 7%$539,604 of profit by year 30, before investment growth	$1,221,797
What you'd walk away with	$1,828,709
If you put the same money in stocks
Cash to close ($34,580) invested at 7%	$263,232
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	$263,232
Building minus stocks	$1,565,477

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$645,652
Minus 6% selling cost	−$38,739
Minus loan still owedTenants' rent paid down all $239,400 of principal by year 30	$0
Plus rental profits, invested at 7%$380,387 of profit by year 30, before investment growth	$788,733
What you'd walk away with	$1,395,646
If you put the same money in stocks
Cash to close ($34,580) invested at 7%	$263,232
Monthly shortfalls ($169 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,200
What you'd walk away with	$264,432
Building minus stocks	$1,131,214

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$669,924
Minus 6% selling cost	−$40,195
Minus loan still owedTenants' rent paid down all $220,800 of principal by year 30	$0
Plus rental profits, invested at 7%$591,335 of profit by year 30, before investment growth	$1,408,362
What you'd walk away with	$2,038,091
If you put the same money in stocks
Cash to close ($63,480) invested at 7%	$483,226
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	$483,226
Building minus stocks	$1,554,865

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$669,924
Minus 6% selling cost	−$40,195
Minus loan still owedTenants' rent paid down all $220,800 of principal by year 30	$0
Plus rental profits, invested at 7%$431,949 of profit by year 30, before investment growth	$974,099
What you'd walk away with	$1,603,828
If you put the same money in stocks
Cash to close ($63,480) invested at 7%	$483,226
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	$483,226
Building minus stocks	$1,120,602

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$645,652
Minus 6% selling cost	−$38,739
Minus loan still owedTenants' rent paid down all $212,800 of principal by year 30	$0
Plus rental profits, invested at 7%$610,495 of profit by year 30, before investment growth	$1,468,694
What you'd walk away with	$2,075,606
If you put the same money in stocks
Cash to close ($61,180) invested at 7%	$465,718
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	$465,718
Building minus stocks	$1,609,888

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$645,652
Minus 6% selling cost	−$38,739
Minus loan still owedTenants' rent paid down all $212,800 of principal by year 30	$0
Plus rental profits, invested at 7%$451,110 of profit by year 30, before investment growth	$1,034,430
What you'd walk away with	$1,641,342
If you put the same money in stocks
Cash to close ($61,180) invested at 7%	$465,718
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	$465,718
Building minus stocks	$1,175,624

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$669,924
Minus 6% selling cost	−$40,195
Minus loan still owedTenants' rent paid down all $207,000 of principal by year 30	$0
Plus rental profits, invested at 7%$624,387 of profit by year 30, before investment growth	$1,512,434
What you'd walk away with	$2,142,163
If you put the same money in stocks
Cash to close ($77,280) invested at 7%	$588,275
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	$588,275
Building minus stocks	$1,553,888

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$669,924
Minus 6% selling cost	−$40,195
Minus loan still owedTenants' rent paid down all $207,000 of principal by year 30	$0
Plus rental profits, invested at 7%$465,002 of profit by year 30, before investment growth	$1,078,170
What you'd walk away with	$1,707,899
If you put the same money in stocks
Cash to close ($77,280) invested at 7%	$588,275
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	$588,275
Building minus stocks	$1,119,624

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$645,652
Minus 6% selling cost	−$38,739
Minus loan still owedTenants' rent paid down all $199,500 of principal by year 30	$0
Plus rental profits, invested at 7%$642,350 of profit by year 30, before investment growth	$1,568,994
What you'd walk away with	$2,175,907
If you put the same money in stocks
Cash to close ($74,480) invested at 7%	$566,961
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	$566,961
Building minus stocks	$1,608,946

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$645,652
Minus 6% selling cost	−$38,739
Minus loan still owedTenants' rent paid down all $199,500 of principal by year 30	$0
Plus rental profits, invested at 7%$482,965 of profit by year 30, before investment growth	$1,134,730
What you'd walk away with	$1,741,643
If you put the same money in stocks
Cash to close ($74,480) invested at 7%	$566,961
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	$566,961
Building minus stocks	$1,174,682

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

low$313 in special assessments on the current tax bill (often street, sewer or code-enforcement charges). Ask what they're for, whether they continue, and whether the seller pays them off at closing. Public record: Hennepin County parcel 0202824120105: special assessments (current) = $312.96

Opportunities

The seller bought for $1 in Jul 1994, so they can take a lower offer and still come out well ahead. Public record: Hennepin County parcel 0202824120105: last sale 1994-07-01, $1
Long time on market: room to negotiate. Based on: Listing data: 196 days on market

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)	$926
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,716
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)	$239,300
Property tax	$926
Special assessments	$313
Homestead	no
Last sale	1994-07-01 · $1

Source: Hennepin County parcel records.

City rental license

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

Nearest highway

MN 55, about 1119 m away.

Crime in Powderhorn Park

527 incidents in the last 12 months (63 per 1,000 residents), −6% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-03-20New at $276,000