413 Hawthorne St E

Overpriced

30 photos

Photos courtesy of CENTURY 21 Atwood, via Realtor.com.

Asking price: $224,900
Monthly cash flow: −$439
Estimated rent: $1,800/mo
Break-even price: $142,463

Adjust the numbers See the full breakdown

From the listing

Great investment opportunity with this duplex located near Northside Park and Hawthorne Elementary School. This property is located near two municipal parks, Fountain Lake, a pedestrian trail that extends around the majority of the lake, a public golf course and has a large backyard area. This duplex includes a shared double garage for each tenant, shared laundry facilities in the basement and separate electric meters for billing purposes. The water/ sewer and natural gas utilities are split between each tenant unit. Each level has newer separate forced air furnaces and air-conditioning for separate temperature control. The main level apartment has a three-season porch and the second level a private deck. Schedule your appointment today to tour this investment property.

Listing courtesy of CENTURY 21 Atwood (Craig Hoium). Description from Realtor.com, MLS #7104190. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

The numbers

Edit rents, costs and assumptions

Default: 20% down (no PMI), offer at asking, self-managed, 7.00% for 30 years, buyer pays closing costs (3%).

The deal

Price: $224,900
Cash to close: $51,727
Price per unit: $112,450
GRM: 10.4

Each month

Cash flow: −$439/mo
Cash-on-cash: −10.2%
Cap rate: 4.0%
DSCR: 0.63×

Break-even

Price that breaks even: $142,463
Rent that breaks even: $2,363/mo

Long run

Year 30: property vs stocks: $544K vs $662K
Cash flow turns positive: year 20

Monthly

Monthly breakdown

Rent	$1,800
Vacancy (6%)	−$108
Collected	$1,692
Property tax Listing	−$217
Insurance Estimate	−$199
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$144
Capital reserve (8% of rent)	−$144
Net operating income	$758
Mortgage (principal + interest)	−$1,197
Cash flow	−$439
Principal paid down (equity, not cash)	$152

Cash flow each year

Rents +3%/yr, costs +3.5%/yr. Red bars are months you'd cover out of pocket.

30 years

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $202,410 of principal by year 30	$0
Plus rental profits, invested at 7%$8,680 of profit by year 30, before investment growth	$9,748
What you'd walk away with	$522,886
If you put the same money in stocks
Cash to close ($29,237) invested at 7%	$222,560
Monthly shortfalls ($98,016 total by yr 30) investedThe money you'd have put into the building while it lost money	$455,356
What you'd walk away with	$677,915
Building minus stocks	−$155,029

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $202,410 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$513,138
If you put the same money in stocks
Cash to close ($29,237) invested at 7%	$222,560
Monthly shortfalls ($176,273 total by yr 30) investedThe money you'd have put into the building while it lost money	$682,479
What you'd walk away with	$905,038
Building minus stocks	−$391,900

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $193,410 of principal by year 30	$0
Plus rental profits, invested at 7%$14,030 of profit by year 30, before investment growth	$16,482
What you'd walk away with	$506,803
If you put the same money in stocks
Cash to close ($27,937) invested at 7%	$212,664
Monthly shortfalls ($81,540 total by yr 30) investedThe money you'd have put into the building while it lost money	$392,476
What you'd walk away with	$605,140
Building minus stocks	−$98,337

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $193,410 of principal by year 30	$0
Plus rental profits, invested at 7%$0 of profit by year 30, before investment growth	$0
What you'd walk away with	$490,322
If you put the same money in stocks
Cash to close ($27,937) invested at 7%	$212,664
Monthly shortfalls ($154,447 total by yr 30) investedThe money you'd have put into the building while it lost money	$612,866
What you'd walk away with	$825,529
Building minus stocks	−$335,207

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $179,920 of principal by year 30	$0
Plus rental profits, invested at 7%$24,594 of profit by year 30, before investment growth	$31,025
What you'd walk away with	$544,163
If you put the same money in stocks
Cash to close ($51,727) invested at 7%	$393,759
Monthly shortfalls ($53,992 total by yr 30) investedThe money you'd have put into the building while it lost money	$267,884
What you'd walk away with	$661,643
Building minus stocks	−$117,480

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $179,920 of principal by year 30	$0
Plus rental profits, invested at 7%$19 of profit by year 30, before investment growth	$19
What you'd walk away with	$513,156
If you put the same money in stocks
Cash to close ($51,727) invested at 7%	$393,759
Monthly shortfalls ($116,354 total by yr 30) investedThe money you'd have put into the building while it lost money	$473,749
What you'd walk away with	$867,508
Building minus stocks	−$354,352

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $171,920 of principal by year 30	$0
Plus rental profits, invested at 7%$32,397 of profit by year 30, before investment growth	$42,776
What you'd walk away with	$533,097
If you put the same money in stocks
Cash to close ($49,427) invested at 7%	$376,251
Monthly shortfalls ($42,635 total by yr 30) investedThe money you'd have put into the building while it lost money	$219,303
What you'd walk away with	$595,554
Building minus stocks	−$62,457

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $171,920 of principal by year 30	$0
Plus rental profits, invested at 7%$1,017 of profit by year 30, before investment growth	$1,044
What you'd walk away with	$491,365
If you put the same money in stocks
Cash to close ($49,427) invested at 7%	$376,251
Monthly shortfalls ($98,192 total by yr 30) investedThe money you'd have put into the building while it lost money	$414,443
What you'd walk away with	$790,694
Building minus stocks	−$299,329

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $168,675 of principal by year 30	$0
Plus rental profits, invested at 7%$35,898 of profit by year 30, before investment growth	$48,314
What you'd walk away with	$561,452
If you put the same money in stocks
Cash to close ($62,972) invested at 7%	$479,359
Monthly shortfalls ($38,364 total by yr 30) investedThe money you'd have put into the building while it lost money	$200,370
What you'd walk away with	$679,729
Building minus stocks	−$118,277

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$545,891
Minus 6% selling cost	−$32,753
Minus loan still owedTenants' rent paid down all $168,675 of principal by year 30	$0
Plus rental profits, invested at 7%$1,794 of profit by year 30, before investment growth	$1,877
What you'd walk away with	$515,014
If you put the same money in stocks
Cash to close ($62,972) invested at 7%	$479,359
Monthly shortfalls ($91,197 total by yr 30) investedThe money you'd have put into the building while it lost money	$390,804
What you'd walk away with	$870,163
Building minus stocks	−$355,149

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $161,175 of principal by year 30	$0
Plus rental profits, invested at 7%$44,753 of profit by year 30, before investment growth	$63,047
What you'd walk away with	$553,368
If you put the same money in stocks
Cash to close ($60,172) invested at 7%	$458,045
Monthly shortfalls ($29,255 total by yr 30) investedThe money you'd have put into the building while it lost money	$158,542
What you'd walk away with	$616,587
Building minus stocks	−$63,219

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$521,619
Minus 6% selling cost	−$31,297
Minus loan still owedTenants' rent paid down all $161,175 of principal by year 30	$0
Plus rental profits, invested at 7%$4,432 of profit by year 30, before investment growth	$4,856
What you'd walk away with	$495,177
If you put the same money in stocks
Cash to close ($60,172) invested at 7%	$458,045
Monthly shortfalls ($75,871 total by yr 30) investedThe money you'd have put into the building while it lost money	$337,222
What you'd walk away with	$795,267
Building minus stocks	−$300,090

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.

30 years: this property vs. the same money in stocks

This propertyStocks at 7%

Year 30 (loan paid off): property $544K, stocks $662K. Stocks win.

Comparable rentals

The closest rental listings with each unit's bedroom count, as of 2026-10-04. The estimate is the median asking rent of every rental we found nearby (the count is shown for each); houses are left out. Asking rents from Realtor.com rental listings, not signed leases.

2 bed estimate $900/mo · range $875–$925 · 6 rentals within 1.75 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1516/1520 E Hawthorne St, Albert Lea	$895	2 / 1	—	0.7 mi	2025-09-06	Apartment
139 E William St, Albert Lea	$880	2 / 1	894	0.7 mi	2025-05-12	Apartment
133 W William St Apt 201, Albert Lea	$865	2 / 1	788	0.8 mi	—	Apartment
200 E 3rd St Unit Downstairs, Albert Lea	$850	2 / 1	800	1.2 mi	2026-10-04	Duplex triplex
1215 Saint John Ave Apt 3, Albert Lea	$950	2 / 1	769	1.5 mi	—	Duplex triplex
1302 Madison Ave, Albert Lea	$895	2 / 1	870	1.6 mi	2026-06-24	Apartment

On the maps, this property and comparable rentals. Comparable rentals and rent estimate: Realtor.com rental listings. Rents are asking rents from listings; check them against the actual leases.

Red flags and opportunities

Watch for

mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 413 HAWTHORNE ST E
mediumAsking is $82,437 above the price where cash flow breaks even ($142,463) at the default scenario. Based on: Derived: price $224,900 vs. break-even $142,463

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 Listinglisting, tax year 2026. The tax the listing states. If the seller lives there it may be at the lower homestead rate; an investor owner pays the non-homestead rate, often 20–40% more on the owner's unit.	$2,600
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,389
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. base rate	8% / 8%

Status history

2026-07-08New at $224,900

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$2,600
County	Freeborn
Parcel number	341950110

As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.

Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Albert Lea on rental licensing before you buy.