Minneapolis › Jordan

3126 Logan Ave N

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

Needs more info before these numbers mean much. The city's rental license covers 1 unit(s); this analysis counts 2.

Asking price: $260,000
Monthly cash flow: −$138
Estimated rent: $2,700/mo
Break-even price: $234,067

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
2 bed / 1 bath (est.)$1,350 $1,150–$1,550

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: $260,000
Monthly cash flow: −$138
Cash to close: $59,800
Cap rate: 5.7%
Cash-on-cash: −2.8%
DSCR: 0.90×
GRM: 8.0
Price per unit: $130,000
Price that breaks even: $234,067
Rent that breaks even: $2,879/mo
Cash flow turns positive: year 5
Year 30: property vs stocks: $914K vs $483K

Monthly breakdown

Rent	$2,700
Vacancy (6%)	−$162
Collected	$2,538
Property tax Public record	−$391
Insurance Estimate	−$212
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$216
Capital reserve (9% of rent)	−$243
Net operating income	$1,246
Mortgage (principal + interest)	−$1,384
Cash flow	−$138
Principal paid down (equity, not cash)	$176

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 $914K, 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	$631,088
Minus 6% selling cost	−$37,865
Minus loan still owedTenants' rent paid down all $234,000 of principal by year 30	$0
Plus rental profits, invested at 7%$128,672 of profit by year 30, before investment growth	$207,235
What you'd walk away with	$800,458
If you put the same money in stocks
Cash to close ($33,800) invested at 7%	$257,294
Monthly shortfalls ($25,374 total by yr 30) investedThe money you'd have put into the building while it lost money	$156,061
What you'd walk away with	$413,355
Building minus stocks	$387,103

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$631,088
Minus 6% selling cost	−$37,865
Minus loan still owedTenants' rent paid down all $234,000 of principal by year 30	$0
Plus rental profits, invested at 7%$41,255 of profit by year 30, before investment growth	$53,831
What you'd walk away with	$647,054
If you put the same money in stocks
Cash to close ($33,800) invested at 7%	$257,294
Monthly shortfalls ($68,363 total by yr 30) investedThe money you'd have put into the building while it lost money	$357,964
What you'd walk away with	$615,258
Building minus stocks	$31,796

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $225,000 of principal by year 30	$0
Plus rental profits, invested at 7%$144,235 of profit by year 30, before investment growth	$241,436
What you'd walk away with	$811,843
If you put the same money in stocks
Cash to close ($32,500) invested at 7%	$247,398
Monthly shortfalls ($19,112 total by yr 30) investedThe money you'd have put into the building while it lost money	$120,648
What you'd walk away with	$368,047
Building minus stocks	$443,796

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $225,000 of principal by year 30	$0
Plus rental profits, invested at 7%$50,931 of profit by year 30, before investment growth	$69,111
What you'd walk away with	$639,518
If you put the same money in stocks
Cash to close ($32,500) invested at 7%	$247,398
Monthly shortfalls ($56,214 total by yr 30) investedThe money you'd have put into the building while it lost money	$303,631
What you'd walk away with	$551,029
Building minus stocks	$88,489

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$631,088
Minus 6% selling cost	−$37,865
Minus loan still owedTenants' rent paid down all $208,000 of principal by year 30	$0
Plus rental profits, invested at 7%$176,783 of profit by year 30, before investment growth	$320,423
What you'd walk away with	$913,646
If you put the same money in stocks
Cash to close ($59,800) invested at 7%	$455,213
Monthly shortfalls ($4,193 total by yr 30) investedThe money you'd have put into the building while it lost money	$27,921
What you'd walk away with	$483,134
Building minus stocks	$430,512

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$631,088
Minus 6% selling cost	−$37,865
Minus loan still owedTenants' rent paid down all $208,000 of principal by year 30	$0
Plus rental profits, invested at 7%$72,342 of profit by year 30, before investment growth	$106,212
What you'd walk away with	$699,435
If you put the same money in stocks
Cash to close ($59,800) invested at 7%	$455,213
Monthly shortfalls ($30,158 total by yr 30) investedThe money you'd have put into the building while it lost money	$169,017
What you'd walk away with	$624,230
Building minus stocks	$75,205

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $200,000 of principal by year 30	$0
Plus rental profits, invested at 7%$193,598 of profit by year 30, before investment growth	$365,497
What you'd walk away with	$935,904
If you put the same money in stocks
Cash to close ($57,500) invested at 7%	$437,705
Monthly shortfalls ($1,847 total by yr 30) investedThe money you'd have put into the building while it lost money	$12,664
What you'd walk away with	$450,369
Building minus stocks	$485,535

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $200,000 of principal by year 30	$0
Plus rental profits, invested at 7%$83,961 of profit by year 30, before investment growth	$128,353
What you'd walk away with	$698,760
If you put the same money in stocks
Cash to close ($57,500) invested at 7%	$437,705
Monthly shortfalls ($22,616 total by yr 30) investedThe money you'd have put into the building while it lost money	$130,827
What you'd walk away with	$568,531
Building minus stocks	$130,229

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$631,088
Minus 6% selling cost	−$37,865
Minus loan still owedTenants' rent paid down all $195,000 of principal by year 30	$0
Plus rental profits, invested at 7%$204,564 of profit by year 30, before investment growth	$396,403
What you'd walk away with	$989,626
If you put the same money in stocks
Cash to close ($72,800) invested at 7%	$554,172
Monthly shortfalls ($838 total by yr 30) investedThe money you'd have put into the building while it lost money	$5,862
What you'd walk away with	$560,035
Building minus stocks	$429,591

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$631,088
Minus 6% selling cost	−$37,865
Minus loan still owedTenants' rent paid down all $195,000 of principal by year 30	$0
Plus rental profits, invested at 7%$91,718 of profit by year 30, before investment growth	$143,898
What you'd walk away with	$737,121
If you put the same money in stocks
Cash to close ($72,800) invested at 7%	$554,172
Monthly shortfalls ($18,398 total by yr 30) investedThe money you'd have put into the building while it lost money	$108,664
What you'd walk away with	$662,837
Building minus stocks	$74,284

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $187,500 of principal by year 30	$0
Plus rental profits, invested at 7%$221,709 of profit by year 30, before investment growth	$447,241
What you'd walk away with	$1,017,648
If you put the same money in stocks
Cash to close ($70,000) invested at 7%	$532,858
Monthly shortfalls ($20 total by yr 30) investedThe money you'd have put into the building while it lost money	$140
What you'd walk away with	$532,998
Building minus stocks	$484,650

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $187,500 of principal by year 30	$0
Plus rental profits, invested at 7%$104,072 of profit by year 30, before investment growth	$169,912
What you'd walk away with	$740,318
If you put the same money in stocks
Cash to close ($70,000) invested at 7%	$532,858
Monthly shortfalls ($12,789 total by yr 30) investedThe money you'd have put into the building while it lost money	$78,117
What you'd walk away with	$610,975
Building minus stocks	$129,343

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

highThe city's rental license covers 1 unit(s); this analysis counts 2. Public record: Minneapolis Active Rental Licenses: 3126 LOGAN AVE N, units=1

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)	$4,697
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,541
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)	$248,500
Property tax	$4,697
Special assessments	none
Homestead	no
Last sale	2024-09-01 · $235,000

Source: Hennepin County parcel records.

City rental license

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

Nearest highway

I 94, about 1578 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

2026-08-28New at $260,000