5727 Goodrich Ave

Saint Louis Park, MN · View the listing ↗

53 photos

Photos, via Realtor.com.

Asking price: $595,000
Monthly cash flow: −$62
Estimated rent: $5,250/mo
Break-even price: $583,432

Adjust the numbers See the full breakdown

From the listing

Welcome to this beautiful & updated Duplex in St. Louis Park. This property offers an abundance of amenities and updates throughout. The main level unit has been fully renovated in 2020. It has a wonderful open concept as soon as you walk through the door. This unit includes three bedrooms, one full bathroom, full laundry room and it includes two out of the three stall garage spaces. The updates in this unit are immense, neutral and natural colors throughout, full open and bright kitchen leads to your family room, beautiful three season porch and it also includes a walk out to the deck. Upstairs is a three bedroom, one bathroom unit with its own laundry as well. Brand new carpet throughout the living space and hallway, large dining room and immense natural light throughout. This property is located on a corner lot, beautiful landscaping, and garden spaces run through this property, and much space to enjoy through all seasons! This property has been extremely well taken care of, maintained and updated. Close to all of the amenities St. Louis Park has to offer, including walking trails, parks, shopping, dining, and entertainment. Don't miss out, come see this property today!

Description from Realtor.com, MLS #7143300. 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: $595,000
Cash to close: $136,850
Price per unit: $297,500
GRM: 9.4

Each month

Cash flow: −$62/mo
Cash-on-cash: −0.5%
Cap rate: 6.3%
DSCR: 0.98×

Break-even

Price that breaks even: $583,432
Rent that breaks even: $5,328/mo

Long run

Year 30: property vs stocks: $2.51M vs $1.05M
Cash flow turns positive: year 2

Monthly

Monthly breakdown

Rent	$5,250
Vacancy (6%)	−$315
Collected	$4,935
Property tax Listing	−$583
Insurance Estimate	−$229
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (7% of rent)	−$368
Capital reserve (8% of rent)	−$420
Net operating income	$3,105
Mortgage (principal + interest)	−$3,167
Cash flow	−$62
Principal paid down (equity, not cash)	$403

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	$1,444,221
Minus 6% selling cost	−$86,653
Minus loan still owedTenants' rent paid down all $535,500 of principal by year 30	$0
Plus rental profits, invested at 7%$456,219 of profit by year 30, before investment growth	$804,059
What you'd walk away with	$2,161,627
If you put the same money in stocks
Cash to close ($77,350) invested at 7%	$588,808
Monthly shortfalls ($32,658 total by yr 30) investedThe money you'd have put into the building while it lost money	$211,771
What you'd walk away with	$800,579
Building minus stocks	$1,361,048

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,444,221
Minus 6% selling cost	−$86,653
Minus loan still owedTenants' rent paid down all $535,500 of principal by year 30	$0
Plus rental profits, invested at 7%$251,517 of profit by year 30, before investment growth	$383,313
What you'd walk away with	$1,740,881
If you put the same money in stocks
Cash to close ($77,350) invested at 7%	$588,808
Monthly shortfalls ($81,523 total by yr 30) investedThe money you'd have put into the building while it lost money	$481,899
What you'd walk away with	$1,070,707
Building minus stocks	$670,174

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,949
Minus 6% selling cost	−$85,197
Minus loan still owedTenants' rent paid down all $526,500 of principal by year 30	$0
Plus rental profits, invested at 7%$474,183 of profit by year 30, before investment growth	$849,505
What you'd walk away with	$2,184,257
If you put the same money in stocks
Cash to close ($76,050) invested at 7%	$578,912
Monthly shortfalls ($28,795 total by yr 30) investedThe money you'd have put into the building while it lost money	$187,604
What you'd walk away with	$766,516
Building minus stocks	$1,417,741

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,949
Minus 6% selling cost	−$85,197
Minus loan still owedTenants' rent paid down all $526,500 of principal by year 30	$0
Plus rental profits, invested at 7%$265,217 of profit by year 30, before investment growth	$410,345
What you'd walk away with	$1,745,096
If you put the same money in stocks
Cash to close ($76,050) invested at 7%	$578,912
Monthly shortfalls ($73,398 total by yr 30) investedThe money you'd have put into the building while it lost money	$439,318
What you'd walk away with	$1,018,230
Building minus stocks	$726,866

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,444,221
Minus 6% selling cost	−$86,653
Minus loan still owedTenants' rent paid down all $476,000 of principal by year 30	$0
Plus rental profits, invested at 7%$582,873 of profit by year 30, before investment growth	$1,149,814
What you'd walk away with	$2,507,382
If you put the same money in stocks
Cash to close ($136,850) invested at 7%	$1,041,737
Monthly shortfalls ($739 total by yr 30) investedThe money you'd have put into the building while it lost money	$5,256
What you'd walk away with	$1,046,993
Building minus stocks	$1,460,389

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,444,221
Minus 6% selling cost	−$86,653
Minus loan still owedTenants' rent paid down all $476,000 of principal by year 30	$0
Plus rental profits, invested at 7%$351,355 of profit by year 30, before investment growth	$597,833
What you'd walk away with	$1,955,401
If you put the same money in stocks
Cash to close ($136,850) invested at 7%	$1,041,737
Monthly shortfalls ($22,788 total by yr 30) investedThe money you'd have put into the building while it lost money	$144,149
What you'd walk away with	$1,185,886
Building minus stocks	$769,515

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,949
Minus 6% selling cost	−$85,197
Minus loan still owedTenants' rent paid down all $468,000 of principal by year 30	$0
Plus rental profits, invested at 7%$601,395 of profit by year 30, before investment growth	$1,205,601
What you'd walk away with	$2,540,353
If you put the same money in stocks
Cash to close ($134,550) invested at 7%	$1,024,229
Monthly shortfalls ($100 total by yr 30) investedThe money you'd have put into the building while it lost money	$712
What you'd walk away with	$1,024,941
Building minus stocks	$1,515,412

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,949
Minus 6% selling cost	−$85,197
Minus loan still owedTenants' rent paid down all $468,000 of principal by year 30	$0
Plus rental profits, invested at 7%$366,371 of profit by year 30, before investment growth	$633,510
What you'd walk away with	$1,968,261
If you put the same money in stocks
Cash to close ($134,550) invested at 7%	$1,024,229
Monthly shortfalls ($18,644 total by yr 30) investedThe money you'd have put into the building while it lost money	$119,495
What you'd walk away with	$1,143,724
Building minus stocks	$824,537

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,444,221
Minus 6% selling cost	−$86,653
Minus loan still owedTenants' rent paid down all $446,250 of principal by year 30	$0
Plus rental profits, invested at 7%$653,388 of profit by year 30, before investment growth	$1,368,914
What you'd walk away with	$2,726,482
If you put the same money in stocks
Cash to close ($166,600) invested at 7%	$1,268,202
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	$1,268,202
Building minus stocks	$1,458,280

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,444,221
Minus 6% selling cost	−$86,653
Minus loan still owedTenants' rent paid down all $446,250 of principal by year 30	$0
Plus rental profits, invested at 7%$409,122 of profit by year 30, before investment growth	$740,004
What you'd walk away with	$2,097,572
If you put the same money in stocks
Cash to close ($166,600) invested at 7%	$1,268,202
Monthly shortfalls ($9,302 total by yr 30) investedThe money you'd have put into the building while it lost money	$61,964
What you'd walk away with	$1,330,166
Building minus stocks	$767,406

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,949
Minus 6% selling cost	−$85,197
Minus loan still owedTenants' rent paid down all $438,750 of principal by year 30	$0
Plus rental profits, invested at 7%$671,351 of profit by year 30, before investment growth	$1,425,475
What you'd walk away with	$2,760,227
If you put the same money in stocks
Cash to close ($163,800) invested at 7%	$1,246,887
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	$1,246,887
Building minus stocks	$1,513,340

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,419,949
Minus 6% selling cost	−$85,197
Minus loan still owedTenants' rent paid down all $438,750 of principal by year 30	$0
Plus rental profits, invested at 7%$424,691 of profit by year 30, before investment growth	$781,126
What you'd walk away with	$2,115,877
If you put the same money in stocks
Cash to close ($163,800) invested at 7%	$1,246,887
Monthly shortfalls ($6,907 total by yr 30) investedThe money you'd have put into the building while it lost money	$46,525
What you'd walk away with	$1,293,412
Building minus stocks	$822,465

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 $2.51M, stocks $1.05M. 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 $2,625/mo · range $2,275–$3,100 · 21 rentals within 3 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
5855 Highway 7, Minneapolis	$3,045	3 / 2	1,560	0.4 mi	2024-04-12	Apartment
4820 Highway 7, Minneapolis	$2,305	3 / 1.5	1,200	1.0 mi	2024-04-12	Apartment
7450 Highway 7, Saint Louis Park	$3,250	3 / 2	1,750	1.0 mi	2026-09-29	Apartment
3807 France Ave S, Minneapolis	$3,800	3 / 1	—	1.2 mi	2025-09-25	Duplex triplex
7400 Oak Park Village Dr, Saint Louis Park	$2,405	3 / 2.5	1,514	1.3 mi	2025-01-03	Apartment
2921 Sunset Blvd, Minneapolis	$3,000	3 / 1	2,564	1.6 mi	2026-08-07	Duplex triplex
3430 List Pl, Minneapolis	$3,125	3 / 2.5	1,616	1.6 mi	2026-08-17	Apartment
101 Blake Rd N, Hopkins	$1,765	3 / 2	1,250	1.7 mi	2026-05-27	Apartment
8300 31st St W Unit 112, Saint Louis Park	$1,799	3 / 2	873	1.8 mi	—	Apartment
8300 31st St W, Saint Louis Park	$1,799	3 / 2	873	1.8 mi	2026-02-03	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 5727 GOODRICH AVE

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.	$6,994
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,753
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 1905: +1 pt capital reserve; "fully renovated" in the description: -1 pts each	7% / 8%

Status history

2026-09-17New at $595,000

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$6,994
County	Hennepin
Parcel number	2111721210061

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 Saint Louis Park on rental licensing before you buy.