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4376 Upper 71st St E

Inver Grove Heights, MN · View the listing ↗

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Photos, via Realtor.com.

Asking price
$465,000
3 units · $155K per unit
Monthly cash flow
−$353
at 20% down, 7%
Estimated rent
$3,975/mo
low confidence · 7 rentals within 3 mi
Break-even price
$398,769
where cash flow hits $0

Adjust the numbers See the full breakdown

The numbers

Down payment %
Offer $
Management
Interest rate %
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
$465,000
Cash to close
$106,950
Price per unit
$155,000
GRM
9.7

Each month

Cash flow
−$353/mo
Cash-on-cash
−4.0%
Cap rate
5.5%
DSCR
0.86×

Break-even

Price that breaks even
$398,769
Rent that breaks even
$4,433/mo

Long run

Year 30: property vs stocks
$1.56M vs $906K
Cash flow turns positive
year 7

Monthly

Monthly breakdown

Rent$3,975
Vacancy (6%)−$238
Collected$3,736
Property tax Listing−$317
Insurance Estimate−$306
Water, sewer, trash Estimate−$255
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (8% of rent)−$318
Capital reserve (9% of rent)−$358
Net operating income$2,122
Mortgage (principal + interest)−$2,475
Cash flow−$353
Principal paid down (equity, not cash)$315

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$1,128,677
Minus 6% selling cost−$67,721
Minus loan still owedTenants' rent paid down all $372,000 of principal by year 30$0
Plus rental profits, invested at 7%$289,524 of profit by year 30, before investment growth$501,841
What you'd walk away with$1,562,797
If you put the same money in stocks
Cash to close ($106,950) invested at 7%$814,131
Monthly shortfalls ($14,371 total by yr 30) investedThe money you'd have put into the building while it lost money$92,237
What you'd walk away with$906,368
Building minus stocks$656,429

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 $1.56M, stocks $906K. 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.

2 bed estimate $1,325/mo · range $1,300–$1,725 · 12 rentals within 3 mi

AddressRentBd / BaSq ftDistanceListedType
650 4th St, Newport $1,295 2 / 1 800 1.3 mi 2026-07-29 Apartment
6043 Candace Ave, Inver Grove Heights $1,625 2 / 1 1,050 1.7 mi 2025-05-15 Apartment
233 Buron Ln, South Saint Paul $1,150 2 / 1 575 2.0 mi 2025-01-03 Apartment
8201 College Trl, Inver Grove Heights $1,420 2 / 1.5 1,020 2.0 mi 2025-01-03 Apartment
5480 Blackberry Trl, Inver Grove Heights $1,860 2 / 2 1,235 2.2 mi 2025-03-15 Apartment
1650 10th Ave Unit 2B, Newport $1,299 2 / 1 750 2.3 mi — Apartment
1650 10th Ave, Newport $1,299 2 / 1 750 2.3 mi 2025-01-03 Apartment
1660 10th Ave Apt 7, Newport $1,299 2 / 1 750 2.3 mi — Apartment
1028 8th Ave S, South Saint Paul $1,175 2 / 1 785 2.4 mi 2026-01-16 Apartment
614 1st Ave S Unit 1, South Saint Paul $1,335 2 / 1 1,000 2.7 mi — Apartment

1 bed estimate $1,325/mo · range $1,000–$1,600 · 7 rentals within 3 mi

AddressRentBd / BaSq ftDistanceListedType
8201 College Trl, Inver Grove Heights $1,349 1 / 1 835 2.0 mi 2025-01-03 Apartment
5480 Blackberry Trl, Inver Grove Heights $1,525 1 / 1 802 2.2 mi 2025-03-15 Apartment
239 Park St W, South Saint Paul $999 1 / 1 700 2.4 mi 2025-12-17 Apartment
553 1st Ave S, South Saint Paul $900 1 / 1 650 2.7 mi 2026-09-22 Apartment
2300 Hastings Ave, Newport $1,195 1 / 1 535 2.7 mi 2025-01-03 Apartment
7689 Hardwood Ave S, Cottage Grove $1,612 1 / 1 741 2.8 mi 2025-06-03 Apartment
1462 80th St E, Inver Grove Heights $1,649 1 / 1 810 3.0 mi 2024-09-28 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 4376 UPPER 71ST ST E

Opportunities

  • Long time on market: room to negotiate. Based on: Listing data: 91 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 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.$3,806
Insurance / yr Estimateestimate. from units, square feet and age; get a quote$3,674
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid$255
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 1915: +1 pt capital reserve8% / 9%

Status history

  • New at $465,000

From the listing Listing

Listed astriplex
Property tax, 2026$3,806
CountyDakota
Parcel number200110029134

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 Inver Grove Heights on rental licensing before you buy.