418 N 27th Ave W

Cash flows

27 photos

Photos, via Realtor.com.

Asking price: $199,000
Monthly cash flow: $157
Estimated rent: $2,600/mo
Break-even price: $228,534

Adjust the numbers See the full breakdown

From the listing

Discover the potential in this classic up-and-down duplex, ideally positioned in Duluth's Central Hillside area with convenient access to downtown, local amenities, and the energy of the city. Built in 1906, the property offers the kind of character that is hard to recreate, including original trim details, tall windows, and the warmth of an established home with a story to tell. With two separate units, a total of 5 bedrooms and 2 bathrooms, and approximately 1,850 finished square feet, this property provides flexibility for an investor, owner-occupant, or buyer looking for a project with meaningful upside. Each unit is equipped with its own range and refrigerator, while the partial unfinished basement includes washer and dryer hookups, creating a practical shared laundry setup. Forced-air natural gas heat, city water, city sewer, and vinyl exterior add to the property's functional foundation. This is not a turnkey property, but it offers a solid base for someone ready to bring fresh

Description from Realtor.com, MLS #150779. 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: $199,000
Cash to close: $45,770
Price per unit: $99,500
GRM: 6.4

Each month

Cash flow: $157/mo
Cash-on-cash: 4.1%
Cap rate: 7.3%
DSCR: 1.15×

Break-even

Price that breaks even: $228,534
Rent that breaks even: $2,396/mo

Long run

Year 30: property vs stocks: $1.07M vs $348K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$2,600
Vacancy (6%)	−$156
Collected	$2,444
Property tax Estimate	−$348
Insurance Estimate	−$207
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$208
Capital reserve (9% of rent)	−$234
Net operating income	$1,216
Mortgage (principal + interest)	−$1,059
Cash flow	$157
Principal paid down (equity, not cash)	$135

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	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $179,100 of principal by year 30	$0
Plus rental profits, invested at 7%$223,887 of profit by year 30, before investment growth	$447,760
What you'd walk away with	$901,804
If you put the same money in stocks
Cash to close ($25,870) invested at 7%	$196,929
Monthly shortfalls ($1,955 total by yr 30) investedThe money you'd have put into the building while it lost money	$13,373
What you'd walk away with	$210,302
Building minus stocks	$691,502

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $179,100 of principal by year 30	$0
Plus rental profits, invested at 7%$111,305 of profit by year 30, before investment growth	$186,653
What you'd walk away with	$640,697
If you put the same money in stocks
Cash to close ($25,870) invested at 7%	$196,929
Monthly shortfalls ($14,948 total by yr 30) investedThe money you'd have put into the building while it lost money	$94,413
What you'd walk away with	$291,342
Building minus stocks	$349,355

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $170,100 of principal by year 30	$0
Plus rental profits, invested at 7%$244,018 of profit by year 30, before investment growth	$505,848
What you'd walk away with	$937,075
If you put the same money in stocks
Cash to close ($24,570) invested at 7%	$187,033
Monthly shortfalls ($260 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,847
What you'd walk away with	$188,880
Building minus stocks	$748,195

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $170,100 of principal by year 30	$0
Plus rental profits, invested at 7%$128,209 of profit by year 30, before investment growth	$226,844
What you'd walk away with	$658,072
If you put the same money in stocks
Cash to close ($24,570) invested at 7%	$187,033
Monthly shortfalls ($10,027 total by yr 30) investedThe money you'd have put into the building while it lost money	$64,991
What you'd walk away with	$252,024
Building minus stocks	$406,048

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $159,200 of principal by year 30	$0
Plus rental profits, invested at 7%$274,968 of profit by year 30, before investment growth	$619,096
What you'd walk away with	$1,073,140
If you put the same money in stocks
Cash to close ($45,770) invested at 7%	$348,413
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	$348,413
Building minus stocks	$724,727

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $159,200 of principal by year 30	$0
Plus rental profits, invested at 7%$150,709 of profit by year 30, before investment growth	$286,004
What you'd walk away with	$740,048
If you put the same money in stocks
Cash to close ($45,770) invested at 7%	$348,413
Monthly shortfalls ($1,317 total by yr 30) investedThe money you'd have put into the building while it lost money	$9,055
What you'd walk away with	$357,468
Building minus stocks	$382,580

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $151,200 of principal by year 30	$0
Plus rental profits, invested at 7%$294,129 of profit by year 30, before investment growth	$679,427
What you'd walk away with	$1,110,655
If you put the same money in stocks
Cash to close ($43,470) invested at 7%	$330,905
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	$330,905
Building minus stocks	$779,750

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $151,200 of principal by year 30	$0
Plus rental profits, invested at 7%$168,667 of profit by year 30, before investment growth	$338,095
What you'd walk away with	$769,322
If you put the same money in stocks
Cash to close ($43,470) invested at 7%	$330,905
Monthly shortfalls ($115 total by yr 30) investedThe money you'd have put into the building while it lost money	$815
What you'd walk away with	$331,719
Building minus stocks	$437,603

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $149,250 of principal by year 30	$0
Plus rental profits, invested at 7%$298,799 of profit by year 30, before investment growth	$694,133
What you'd walk away with	$1,148,177
If you put the same money in stocks
Cash to close ($55,720) invested at 7%	$424,155
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	$424,155
Building minus stocks	$724,022

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$483,025
Minus 6% selling cost	−$28,982
Minus loan still owedTenants' rent paid down all $149,250 of principal by year 30	$0
Plus rental profits, invested at 7%$173,223 of profit by year 30, before investment growth	$351,986
What you'd walk away with	$806,029
If you put the same money in stocks
Cash to close ($55,720) invested at 7%	$424,155
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	$424,155
Building minus stocks	$381,874

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $141,750 of principal by year 30	$0
Plus rental profits, invested at 7%$316,762 of profit by year 30, before investment growth	$750,693
What you'd walk away with	$1,181,921
If you put the same money in stocks
Cash to close ($52,920) invested at 7%	$402,841
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	$402,841
Building minus stocks	$779,080

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$458,753
Minus 6% selling cost	−$27,525
Minus loan still owedTenants' rent paid down all $141,750 of principal by year 30	$0
Plus rental profits, invested at 7%$191,186 of profit by year 30, before investment growth	$408,546
What you'd walk away with	$839,774
If you put the same money in stocks
Cash to close ($52,920) invested at 7%	$402,841
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	$402,841
Building minus stocks	$436,933

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 $1.07M, stocks $348K. The property wins.

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.

3 bed estimate $1,400/mo · range $1,200–$1,600 · 9 rentals within 3 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
101 N 30th Ave W, Duluth	$1,030	3 / 1	—	0.4 mi	2026-07-14	Apartment
831 W 3rd St, Duluth	$1,475	3 / 1	—	1.6 mi	—	Apartment
5725 W 8th St Unit 2, Duluth	$1,500	3 / 1	1,300	2.1 mi	2023-07-27	Apartment
421 N 1st Ave W, Duluth	$1,200	3 / 1	913	2.3 mi	2026-07-17	Apartment
330 E Palm St, Duluth	$3,272	3 / 2	1,344	2.4 mi	2024-04-12	Apartment
504 N 2nd Ave E, Duluth	$1,200	3 / 1	972	2.6 mi	2026-09-10	Apartment
322-324 E 5th St, Duluth	$1,325	3 / 1	818	2.7 mi	2026-05-02	Apartment
407 E 5th St Unit Lower, Duluth	$1,700	3 / 1	1,200	2.8 mi	2024-04-05	Duplex triplex
110-114 N 6th Ave E, Duluth	$1,395	3 / 1	862	2.9 mi	2026-06-05	Apartment

2 bed estimate $1,200/mo · range $1,200–$1,350 · 14 rentals within 3 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
2821 Wicklow St, Duluth	$1,200	2 / 1	760	0.1 mi	2025-07-03	Apartment
2705 W 2nd St, Duluth	$1,195	2 / 1	685	0.2 mi	2026-09-09	Duplex triplex
3015 Restormel St, Duluth	$775	2 / 1	850	0.3 mi	2026-09-03	Apartment
313 N 21st Ave, West Duluth	$1,195	2 / 1	700	0.5 mi	2026-07-14	Duplex triplex
529 W 4th St # 2, Duluth	$1,225	2 / 1	750	1.9 mi	—	Apartment
327 W 4th St, Duluth	$1,200	2 / 1	803	2.0 mi	2026-08-12	Apartment
5402 Ramsey St, Duluth	$1,950	2 / 2	1,174	2.2 mi	2025-01-03	Apartment
606 N 60th Ave W, Duluth	$1,300	2 / 1	1,120	2.3 mi	2026-06-16	Apartment
5 W 1st St Apt 312, Duluth	$1,745	2 / 1	—	2.4 mi	2025-06-18	Apartment
15 E 4th St Apt B, Duluth	$1,025	2 / 1	—	2.4 mi	—	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 418 27TH AVE W N

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 Estimateestimate. No tax record found; 2.1% of price.	$4,179
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,489
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 1906: +1 pt capital reserve	8% / 9%

Status history

2026-10-01New at $199,000

From the listing Listing

Listed as

duplex

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 Duluth on rental licensing before you buy.