5636 Cedar Ave S

Minneapolis, MN · Diamond Lake · Listing office ↗ · Find the listing ↗

Far off

Asking price: $529,900
Monthly cash flow: −$1,395
Estimated rent: $3,300/mo
Break-even price: $267,847

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 / 2 bath (est.)$1,650 $1,400–$1,900
3 bed / 2 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: $529,900
Monthly cash flow: −$1,395
Cash to close: $121,877
Cap rate: 3.2%
Cash-on-cash: −13.7%
DSCR: 0.51×
GRM: 13.4
Price per unit: $264,950
Price that breaks even: $267,847
Rent that breaks even: $5,088/mo
Cash flow turns positive: year 29
Year 30: property vs stocks: $1.21M vs $2.02M

Monthly breakdown

Rent	$3,300
Vacancy (6%)	−$198
Collected	$3,102
Property tax Public record	−$710
Insurance Estimate	−$209
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$264
Capital reserve (8% of rent)	−$264
Net operating income	$1,426
Mortgage (principal + interest)	−$2,820
Cash flow	−$1,395
Principal paid down (equity, not cash)	$359

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 $1.21M, stocks $2.02M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,286,206
Minus 6% selling cost	−$77,172
Minus loan still owedTenants' rent paid down all $476,910 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	$1,209,034
If you put the same money in stocks
Cash to close ($68,887) invested at 7%	$524,385
Monthly shortfalls ($398,446 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,577,045
What you'd walk away with	$2,101,430
Building minus stocks	−$892,396

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,286,206
Minus 6% selling cost	−$77,172
Minus loan still owedTenants' rent paid down all $476,910 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	$1,209,034
If you put the same money in stocks
Cash to close ($68,887) invested at 7%	$524,385
Monthly shortfalls ($557,831 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,011,308
What you'd walk away with	$2,535,694
Building minus stocks	−$1,326,660

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,261,934
Minus 6% selling cost	−$75,716
Minus loan still owedTenants' rent paid down all $467,910 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	$1,186,218
If you put the same money in stocks
Cash to close ($67,587) invested at 7%	$514,489
Monthly shortfalls ($376,620 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,507,432
What you'd walk away with	$2,021,921
Building minus stocks	−$835,703

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,261,934
Minus 6% selling cost	−$75,716
Minus loan still owedTenants' rent paid down all $467,910 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	$1,186,218
If you put the same money in stocks
Cash to close ($67,587) invested at 7%	$514,489
Monthly shortfalls ($536,006 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,941,695
What you'd walk away with	$2,456,185
Building minus stocks	−$1,269,967

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,286,206
Minus 6% selling cost	−$77,172
Minus loan still owedTenants' rent paid down all $423,920 of principal by year 30	$0
Plus rental profits, invested at 7%$2,290 of profit by year 30, before investment growth	$2,340
What you'd walk away with	$1,211,374
If you put the same money in stocks
Cash to close ($121,877) invested at 7%	$927,759
Monthly shortfalls ($259,513 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,087,540
What you'd walk away with	$2,015,299
Building minus stocks	−$803,925

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,286,206
Minus 6% selling cost	−$77,172
Minus loan still owedTenants' rent paid down all $423,920 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	$1,209,034
If you put the same money in stocks
Cash to close ($121,877) invested at 7%	$927,759
Monthly shortfalls ($416,608 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,519,464
What you'd walk away with	$2,447,223
Building minus stocks	−$1,238,189

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,261,934
Minus 6% selling cost	−$75,716
Minus loan still owedTenants' rent paid down all $415,920 of principal by year 30	$0
Plus rental profits, invested at 7%$4,086 of profit by year 30, before investment growth	$4,256
What you'd walk away with	$1,190,474
If you put the same money in stocks
Cash to close ($119,577) invested at 7%	$910,251
Monthly shortfalls ($242,149 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,029,125
What you'd walk away with	$1,939,375
Building minus stocks	−$748,901

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,261,934
Minus 6% selling cost	−$75,716
Minus loan still owedTenants' rent paid down all $415,920 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	$1,186,218
If you put the same money in stocks
Cash to close ($119,577) invested at 7%	$910,251
Monthly shortfalls ($397,448 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,459,133
What you'd walk away with	$2,369,383
Building minus stocks	−$1,183,165

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,286,206
Minus 6% selling cost	−$77,172
Minus loan still owedTenants' rent paid down all $397,425 of principal by year 30	$0
Plus rental profits, invested at 7%$10,068 of profit by year 30, before investment growth	$10,937
What you'd walk away with	$1,219,971
If you put the same money in stocks
Cash to close ($148,372) invested at 7%	$1,129,446
Monthly shortfalls ($203,833 total by yr 30) investedThe money you'd have put into the building while it lost money	$896,328
What you'd walk away with	$2,025,773
Building minus stocks	−$805,802

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,286,206
Minus 6% selling cost	−$77,172
Minus loan still owedTenants' rent paid down all $397,425 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	$1,209,034
If you put the same money in stocks
Cash to close ($148,372) invested at 7%	$1,129,446
Monthly shortfalls ($353,150 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,319,654
What you'd walk away with	$2,449,100
Building minus stocks	−$1,240,066

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,261,934
Minus 6% selling cost	−$75,716
Minus loan still owedTenants' rent paid down all $389,925 of principal by year 30	$0
Plus rental profits, invested at 7%$13,255 of profit by year 30, before investment growth	$14,651
What you'd walk away with	$1,200,868
If you put the same money in stocks
Cash to close ($145,572) invested at 7%	$1,108,131
Monthly shortfalls ($189,057 total by yr 30) investedThe money you'd have put into the building while it lost money	$843,480
What you'd walk away with	$1,951,612
Building minus stocks	−$750,744

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,261,934
Minus 6% selling cost	−$75,716
Minus loan still owedTenants' rent paid down all $389,925 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	$1,186,218
If you put the same money in stocks
Cash to close ($145,572) invested at 7%	$1,108,131
Monthly shortfalls ($335,187 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,263,094
What you'd walk away with	$2,371,225
Building minus stocks	−$1,185,007

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

mediumAbout 49 m from CR 152: traffic noise usually costs $50–100/month in rent. Based on: OpenStreetMap: nearest motorway (CR 152) at 49 m
mediumAsking is $262,053 above the price where cash flow breaks even ($267,847) at the default scenario. Based on: Derived: price $529,900 vs. break-even $267,847

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)	$8,517
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,504
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%

County record Public record

Recorded as	duplex
Living units	2
Year built	1950
Market value (2026)	$450,200
Property tax	$8,517
Special assessments	none
Homestead	no
Last sale	2004-08-01 · $304,000

Source: Hennepin County parcel records.

City rental license

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

Nearest highway

CR 152, about 49 m away.

Crime in Diamond Lake

122 incidents in the last 12 months (21 per 1,000 residents), −8% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-09-28Price cut at $529,900 (was $549,000) · from listing history
2026-09-28New at $529,900