613 N 59th Ave W

Cash flows

21 photos

Photos courtesy of RE/MAX Results, via Realtor.com.

Asking price: $164,900
Monthly cash flow: $610
Estimated rent: $2,550/mo
Break-even price: $279,449

Adjust the numbers See the full breakdown

From the listing

Fully leased West Duluth duplex with strong, stable income! This up/down duplex has two matching 1 bedroom, 1 bath units, each 692 sq ft and leased at $1,100/month. That's $2,200/month, or $26,400 in annual gross rent, with both leases running through 9/27/2027. Each unit has its own kitchen, a spacious living area, and original character touches like classic wood trim. Tenants pay their own electric and trash, and the owner covers heat, water, and sewer. Additional features include natural gas forced air heat, a full basement, a detached 1-car garage, and 2 off-street parking spaces, which is a real plus for tenants. A low-maintenance addition to any rental portfolio. Units are tenant-occupied.

Listing courtesy of RE/MAX Results (Jordan Decaro). Description from Realtor.com, MLS #6128268. 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: $164,900
Cash to close: $37,927
Price per unit: $82,450
GRM: 5.4

Each month

Cash flow: $610/mo
Cash-on-cash: 19.3%
Cap rate: 10.8%
DSCR: 1.69×

Break-even

Price that breaks even: $279,449
Rent that breaks even: $1,758/mo

Long run

Year 30: property vs stocks: $1.65M vs $289K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$2,550
Vacancy (6%)	−$153
Collected	$2,397
Property tax Listing	−$220
Insurance Estimate	−$196
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$204
Capital reserve (9% of rent)	−$230
Net operating income	$1,487
Mortgage (principal + interest)	−$878
Cash flow	$610
Principal paid down (equity, not cash)	$112

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	$400,256
Minus 6% selling cost	−$24,015
Minus loan still owedTenants' rent paid down all $148,410 of principal by year 30	$0
Plus rental profits, invested at 7%$466,100 of profit by year 30, before investment growth	$1,121,796
What you'd walk away with	$1,498,036
If you put the same money in stocks
Cash to close ($21,437) invested at 7%	$163,184
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	$163,184
Building minus stocks	$1,334,852

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$400,256
Minus 6% selling cost	−$24,015
Minus loan still owedTenants' rent paid down all $148,410 of principal by year 30	$0
Plus rental profits, invested at 7%$342,939 of profit by year 30, before investment growth	$786,228
What you'd walk away with	$1,162,468
If you put the same money in stocks
Cash to close ($21,437) invested at 7%	$163,184
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	$163,184
Building minus stocks	$999,284

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$375,983
Minus 6% selling cost	−$22,559
Minus loan still owedTenants' rent paid down all $139,410 of principal by year 30	$0
Plus rental profits, invested at 7%$487,926 of profit by year 30, before investment growth	$1,191,409
What you'd walk away with	$1,544,833
If you put the same money in stocks
Cash to close ($20,137) invested at 7%	$153,288
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	$153,288
Building minus stocks	$1,391,545

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$375,983
Minus 6% selling cost	−$22,559
Minus loan still owedTenants' rent paid down all $139,410 of principal by year 30	$0
Plus rental profits, invested at 7%$364,765 of profit by year 30, before investment growth	$855,841
What you'd walk away with	$1,209,265
If you put the same money in stocks
Cash to close ($20,137) invested at 7%	$153,288
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	$153,288
Building minus stocks	$1,055,977

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$400,256
Minus 6% selling cost	−$24,015
Minus loan still owedTenants' rent paid down all $131,920 of principal by year 30	$0
Plus rental profits, invested at 7%$510,048 of profit by year 30, before investment growth	$1,274,853
What you'd walk away with	$1,651,093
If you put the same money in stocks
Cash to close ($37,927) invested at 7%	$288,710
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	$288,710
Building minus stocks	$1,362,383

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$400,256
Minus 6% selling cost	−$24,015
Minus loan still owedTenants' rent paid down all $131,920 of principal by year 30	$0
Plus rental profits, invested at 7%$386,886 of profit by year 30, before investment growth	$939,286
What you'd walk away with	$1,315,526
If you put the same money in stocks
Cash to close ($37,927) invested at 7%	$288,710
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	$288,710
Building minus stocks	$1,026,816

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$375,983
Minus 6% selling cost	−$22,559
Minus loan still owedTenants' rent paid down all $123,920 of principal by year 30	$0
Plus rental profits, invested at 7%$529,208 of profit by year 30, before investment growth	$1,335,184
What you'd walk away with	$1,688,608
If you put the same money in stocks
Cash to close ($35,627) invested at 7%	$271,202
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	$271,202
Building minus stocks	$1,417,406

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$375,983
Minus 6% selling cost	−$22,559
Minus loan still owedTenants' rent paid down all $123,920 of principal by year 30	$0
Plus rental profits, invested at 7%$406,047 of profit by year 30, before investment growth	$999,617
What you'd walk away with	$1,353,041
If you put the same money in stocks
Cash to close ($35,627) invested at 7%	$271,202
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	$271,202
Building minus stocks	$1,081,839

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$400,256
Minus 6% selling cost	−$24,015
Minus loan still owedTenants' rent paid down all $123,675 of principal by year 30	$0
Plus rental profits, invested at 7%$529,795 of profit by year 30, before investment growth	$1,337,032
What you'd walk away with	$1,713,272
If you put the same money in stocks
Cash to close ($46,172) invested at 7%	$351,473
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	$351,473
Building minus stocks	$1,361,799

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$400,256
Minus 6% selling cost	−$24,015
Minus loan still owedTenants' rent paid down all $123,675 of principal by year 30	$0
Plus rental profits, invested at 7%$406,634 of profit by year 30, before investment growth	$1,001,464
What you'd walk away with	$1,377,705
If you put the same money in stocks
Cash to close ($46,172) invested at 7%	$351,473
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	$351,473
Building minus stocks	$1,026,232

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$375,983
Minus 6% selling cost	−$22,559
Minus loan still owedTenants' rent paid down all $116,175 of principal by year 30	$0
Plus rental profits, invested at 7%$547,758 of profit by year 30, before investment growth	$1,393,592
What you'd walk away with	$1,747,016
If you put the same money in stocks
Cash to close ($43,372) invested at 7%	$330,159
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	$330,159
Building minus stocks	$1,416,857

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$375,983
Minus 6% selling cost	−$22,559
Minus loan still owedTenants' rent paid down all $116,175 of principal by year 30	$0
Plus rental profits, invested at 7%$424,597 of profit by year 30, before investment growth	$1,058,025
What you'd walk away with	$1,411,449
If you put the same money in stocks
Cash to close ($43,372) invested at 7%	$330,159
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	$330,159
Building minus stocks	$1,081,290

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 $1.65M, stocks $289K. 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.

1 bed estimate $1,275/mo · range $1,075–$1,525 · 11 rentals within 5 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
5402 Ramsey St, Duluth	$1,755	1 / 1	975	0.4 mi	2025-01-03	Apartment
113-115 N 22nd Ave W, Duluth	$995	1 / 1	537	2.7 mi	2026-03-25	Apartment
715 W 2nd St, Duluth	$1,055	1 / 1	492	4.0 mi	2026-09-05	Apartment
521 W 2nd St, Duluth	$1,260	1 / 1	648	4.2 mi	2025-02-28	Apartment
1 W 4th St, Duluth	$1,500	1 / 1	—	4.7 mi	2026-02-12	Apartment
5 W 1st St Unit 2201, Duluth	$1,495	1 / 1	776	4.7 mi	—	Apartment
5 W 1st St Unit 2-207, Duluth	$1,250	1 / 1	589	4.7 mi	—	Apartment
1 E 1st St Unit 1-501, Duluth	$1,400	1 / 1	601	4.7 mi	—	Apartment
1 E 1st St Unit 1-212, Duluth	$1,245	1 / 1	495	4.7 mi	—	Apartment
1015 E Central Entrance, Duluth	$1,225	1 / 1	667	4.9 mi	2026-03-27	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 613 59TH 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 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.	$2,636
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,358
Water, sewer, trash / mo Listinglisting. tenants pay water	$0
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 1904: +1 pt capital reserve	8% / 9%

Status history

2026-10-01New at $164,900

From the listing Listing

Listed as	duplex
Property tax, 2026	$2,636
County	St. Louis County
Parcel number	010-0420-01950

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.