604 And 606 N Pickle St

Hewitt, MN · View the listing ↗

18 photos

Photos courtesy of Edina Realty, Inc., via Realtor.com.

Asking price: $250,000
Monthly cash flow: −$161
Estimated rent: $2,400/mo
Break-even price: $219,731

Adjust the numbers See the full breakdown

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: $250,000
Cash to close: $57,500
Price per unit: $125,000
GRM: 8.7

Each month

Cash flow: −$161/mo
Cash-on-cash: −3.4%
Cap rate: 5.6%
DSCR: 0.88×

Break-even

Price that breaks even: $219,731
Rent that breaks even: $2,607/mo

Long run

Year 30: property vs stocks: $854K vs $475K
Cash flow turns positive: year 6

Monthly

Monthly breakdown

Rent	$2,400
Vacancy (6%)	−$144
Collected	$2,256
Property tax Listing	−$278
Insurance Estimate	−$194
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$192
Capital reserve (8% of rent)	−$192
Net operating income	$1,170
Mortgage (principal + interest)	−$1,331
Cash flow	−$161
Principal paid down (equity, not cash)	$169

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	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $225,000 of principal by year 30	$0
Plus rental profits, invested at 7%$115,663 of profit by year 30, before investment growth	$182,360
What you'd walk away with	$752,766
If you put the same money in stocks
Cash to close ($32,500) invested at 7%	$247,398
Monthly shortfalls ($27,753 total by yr 30) investedThe money you'd have put into the building while it lost money	$168,224
What you'd walk away with	$415,622
Building minus stocks	$337,144

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $225,000 of principal by year 30	$0
Plus rental profits, invested at 7%$39,690 of profit by year 30, before investment growth	$51,558
What you'd walk away with	$621,965
If you put the same money in stocks
Cash to close ($32,500) invested at 7%	$247,398
Monthly shortfalls ($67,696 total by yr 30) investedThe money you'd have put into the building while it lost money	$353,251
What you'd walk away with	$600,649
Building minus stocks	$21,316

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$582,543
Minus 6% selling cost	−$34,953
Minus loan still owedTenants' rent paid down all $216,000 of principal by year 30	$0
Plus rental profits, invested at 7%$130,721 of profit by year 30, before investment growth	$214,508
What you'd walk away with	$762,099
If you put the same money in stocks
Cash to close ($31,200) invested at 7%	$237,502
Monthly shortfalls ($20,985 total by yr 30) investedThe money you'd have put into the building while it lost money	$130,759
What you'd walk away with	$368,261
Building minus stocks	$393,838

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$582,543
Minus 6% selling cost	−$34,953
Minus loan still owedTenants' rent paid down all $216,000 of principal by year 30	$0
Plus rental profits, invested at 7%$49,307 of profit by year 30, before investment growth	$66,695
What you'd walk away with	$614,286
If you put the same money in stocks
Cash to close ($31,200) invested at 7%	$237,502
Monthly shortfalls ($55,488 total by yr 30) investedThe money you'd have put into the building while it lost money	$298,775
What you'd walk away with	$536,277
Building minus stocks	$78,009

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $200,000 of principal by year 30	$0
Plus rental profits, invested at 7%$160,315 of profit by year 30, before investment growth	$283,907
What you'd walk away with	$854,313
If you put the same money in stocks
Cash to close ($57,500) invested at 7%	$437,705
Monthly shortfalls ($5,777 total by yr 30) investedThe money you'd have put into the building while it lost money	$37,724
What you'd walk away with	$475,429
Building minus stocks	$378,884

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $200,000 of principal by year 30	$0
Plus rental profits, invested at 7%$69,242 of profit by year 30, before investment growth	$101,012
What you'd walk away with	$671,419
If you put the same money in stocks
Cash to close ($57,500) invested at 7%	$437,705
Monthly shortfalls ($30,622 total by yr 30) investedThe money you'd have put into the building while it lost money	$170,658
What you'd walk away with	$608,363
Building minus stocks	$63,056

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$582,543
Minus 6% selling cost	−$34,953
Minus loan still owedTenants' rent paid down all $192,000 of principal by year 30	$0
Plus rental profits, invested at 7%$176,563 of profit by year 30, before investment growth	$325,830
What you'd walk away with	$873,420
If you put the same money in stocks
Cash to close ($55,200) invested at 7%	$420,196
Monthly shortfalls ($2,865 total by yr 30) investedThe money you'd have put into the building while it lost money	$19,316
What you'd walk away with	$439,513
Building minus stocks	$433,907

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$582,543
Minus 6% selling cost	−$34,953
Minus loan still owedTenants' rent paid down all $192,000 of principal by year 30	$0
Plus rental profits, invested at 7%$80,674 of profit by year 30, before investment growth	$122,543
What you'd walk away with	$670,133
If you put the same money in stocks
Cash to close ($55,200) invested at 7%	$420,196
Monthly shortfalls ($22,893 total by yr 30) investedThe money you'd have put into the building while it lost money	$131,857
What you'd walk away with	$552,054
Building minus stocks	$118,079

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $187,500 of principal by year 30	$0
Plus rental profits, invested at 7%$186,135 of profit by year 30, before investment growth	$351,845
What you'd walk away with	$922,252
If you put the same money in stocks
Cash to close ($70,000) invested at 7%	$532,858
Monthly shortfalls ($1,659 total by yr 30) investedThe money you'd have put into the building while it lost money	$11,396
What you'd walk away with	$544,253
Building minus stocks	$377,999

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$606,816
Minus 6% selling cost	−$36,409
Minus loan still owedTenants' rent paid down all $187,500 of principal by year 30	$0
Plus rental profits, invested at 7%$87,555 of profit by year 30, before investment growth	$136,169
What you'd walk away with	$706,576
If you put the same money in stocks
Cash to close ($70,000) invested at 7%	$532,858
Monthly shortfalls ($18,996 total by yr 30) investedThe money you'd have put into the building while it lost money	$111,548
What you'd walk away with	$644,406
Building minus stocks	$62,170

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$582,543
Minus 6% selling cost	−$34,953
Minus loan still owedTenants' rent paid down all $180,000 of principal by year 30	$0
Plus rental profits, invested at 7%$202,775 of profit by year 30, before investment growth	$399,404
What you'd walk away with	$946,995
If you put the same money in stocks
Cash to close ($67,200) invested at 7%	$511,544
Monthly shortfalls ($337 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,394
What you'd walk away with	$513,938
Building minus stocks	$433,057

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$582,543
Minus 6% selling cost	−$34,953
Minus loan still owedTenants' rent paid down all $180,000 of principal by year 30	$0
Plus rental profits, invested at 7%$99,802 of profit by year 30, before investment growth	$161,767
What you'd walk away with	$709,358
If you put the same money in stocks
Cash to close ($67,200) invested at 7%	$511,544
Monthly shortfalls ($13,280 total by yr 30) investedThe money you'd have put into the building while it lost money	$80,585
What you'd walk away with	$592,129
Building minus stocks	$117,229

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 $854K, stocks $475K. 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 $1,200/mo · range $975–$1,400 · 465 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
919 5th St NE Apt 4, Staples	$875	2 / 1	700	14.3 mi	2026-09-25	Apartment
12858 Woodfern Ln, Pillager	$1,435	2 / 2	1,264	31.2 mi	2026-06-05	Apartment
404 S McKay Ave Unit 9, Alexandria	$1,050	2 / 1	720	33.0 mi	—	Apartment
1705 6th Ave E, Alexandria	$875	2 / 1	—	33.0 mi	2026-04-03	Apartment
1810 6th Ave E, Alexandria	$1,395	2 / 1	855	33.0 mi	2025-01-07	Apartment
1701 6th Ave E Apt 105, Alexandria	$1,065	2 / 1	750	33.0 mi	—	Apartment
917 4th Ave E, Alexandria	$1,695	2 / 1	1,144	33.1 mi	2026-06-30	Apartment
319 Fairgrounds Rd Apt 202, Alexandria	$779	2 / 1	700	33.5 mi	2026-10-01	Apartment
101 4th St E, Brandon	$895	2 / 1	—	34.8 mi	2026-08-04	Apartment
101 4th St E Apt 7, Brandon	$895	2 / 1	700	34.8 mi	2026-10-01	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 604 AND 606 N PICKLE ST

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.	$3,340
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,330
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

2026-07-16New at $250,000

From the listing Listing

Listed as	duplex side x side
Property tax, 2026	$3,340
County	Todd
Parcel number	350020000

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 Hewitt on rental licensing before you buy.