625 Summer St NE

Minneapolis, MN · St. Anthony East · Find the listing ↗

Far off

Asking price: $599,900
Monthly cash flow: −$1,833
Estimated rent: $3,300/mo
Break-even price: $255,455

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: $599,900
Monthly cash flow: −$1,833
Cash to close: $137,977
Cap rate: 2.7%
Cash-on-cash: −15.9%
DSCR: 0.43×
GRM: 15.1
Price per unit: $299,950
Price that breaks even: $255,455
Rent that breaks even: $5,650/mo
Cash flow turns positive: not within 30 years
Year 30: property vs stocks: $1.37M vs $2.67M

Monthly breakdown

Rent	$3,300
Vacancy (6%)	−$198
Collected	$3,102
Property tax Public record	−$755
Insurance Estimate	−$229
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	$1,360
Mortgage (principal + interest)	−$3,193
Cash flow	−$1,833
Principal paid down (equity, not cash)	$406

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 $1.37M, stocks $2.67M. Stocks win.

How those totals add up

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,115
Minus 6% selling cost	−$87,367
Minus loan still owedTenants' rent paid down all $539,910 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	$1,368,748
If you put the same money in stocks
Cash to close ($77,987) invested at 7%	$593,657
Monthly shortfalls ($592,084 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,173,001
What you'd walk away with	$2,766,658
Building minus stocks	−$1,397,910

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,115
Minus 6% selling cost	−$87,367
Minus loan still owedTenants' rent paid down all $539,910 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	$1,368,748
If you put the same money in stocks
Cash to close ($77,987) invested at 7%	$593,657
Monthly shortfalls ($751,469 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,607,265
What you'd walk away with	$3,200,922
Building minus stocks	−$1,832,174

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,431,842
Minus 6% selling cost	−$85,911
Minus loan still owedTenants' rent paid down all $530,910 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	$1,345,932
If you put the same money in stocks
Cash to close ($76,687) invested at 7%	$583,761
Monthly shortfalls ($570,258 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,103,388
What you'd walk away with	$2,687,149
Building minus stocks	−$1,341,217

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,431,842
Minus 6% selling cost	−$85,911
Minus loan still owedTenants' rent paid down all $530,910 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	$1,345,932
If you put the same money in stocks
Cash to close ($76,687) invested at 7%	$583,761
Monthly shortfalls ($729,643 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,537,652
What you'd walk away with	$3,121,413
Building minus stocks	−$1,775,481

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,115
Minus 6% selling cost	−$87,367
Minus loan still owedTenants' rent paid down all $479,920 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	$1,368,748
If you put the same money in stocks
Cash to close ($137,977) invested at 7%	$1,050,316
Monthly shortfalls ($432,205 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,616,183
What you'd walk away with	$2,666,500
Building minus stocks	−$1,297,752

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,115
Minus 6% selling cost	−$87,367
Minus loan still owedTenants' rent paid down all $479,920 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	$1,368,748
If you put the same money in stocks
Cash to close ($137,977) invested at 7%	$1,050,316
Monthly shortfalls ($591,590 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,050,447
What you'd walk away with	$3,100,763
Building minus stocks	−$1,732,015

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,431,842
Minus 6% selling cost	−$85,911
Minus loan still owedTenants' rent paid down all $471,920 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	$1,345,932
If you put the same money in stocks
Cash to close ($135,677) invested at 7%	$1,032,808
Monthly shortfalls ($413,044 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,555,852
What you'd walk away with	$2,588,660
Building minus stocks	−$1,242,728

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,431,842
Minus 6% selling cost	−$85,911
Minus loan still owedTenants' rent paid down all $471,920 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	$1,345,932
If you put the same money in stocks
Cash to close ($135,677) invested at 7%	$1,032,808
Monthly shortfalls ($572,429 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,990,116
What you'd walk away with	$3,022,924
Building minus stocks	−$1,676,992

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,115
Minus 6% selling cost	−$87,367
Minus loan still owedTenants' rent paid down all $449,925 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	$1,368,748
If you put the same money in stocks
Cash to close ($167,972) invested at 7%	$1,278,646
Monthly shortfalls ($360,364 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,389,979
What you'd walk away with	$2,668,625
Building minus stocks	−$1,299,877

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,456,115
Minus 6% selling cost	−$87,367
Minus loan still owedTenants' rent paid down all $449,925 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	$1,368,748
If you put the same money in stocks
Cash to close ($167,972) invested at 7%	$1,278,646
Monthly shortfalls ($519,749 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,824,243
What you'd walk away with	$3,102,889
Building minus stocks	−$1,734,141

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,431,842
Minus 6% selling cost	−$85,911
Minus loan still owedTenants' rent paid down all $442,425 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	$1,345,932
If you put the same money in stocks
Cash to close ($165,172) invested at 7%	$1,257,331
Monthly shortfalls ($342,401 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,333,419
What you'd walk away with	$2,590,750
Building minus stocks	−$1,244,818

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$1,431,842
Minus 6% selling cost	−$85,911
Minus loan still owedTenants' rent paid down all $442,425 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	$1,345,932
If you put the same money in stocks
Cash to close ($165,172) invested at 7%	$1,257,331
Monthly shortfalls ($501,786 total by yr 30) investedThe money you'd have put into the building while it lost money	$1,767,683
What you'd walk away with	$3,025,014
Building minus stocks	−$1,679,082

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

mediumAsking is $344,445 above the price where cash flow breaks even ($255,455) at the default scenario. Based on: Derived: price $599,900 vs. break-even $255,455

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)	$9,061
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,752
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	1969
Market value (2026)	$477,100
Property tax	$9,061
Special assessments	none
Homestead	no
Last sale	—

Source: Hennepin County parcel records.

City rental license

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

Nearest highway

I 35W, about 1451 m away.

Crime in St. Anthony East

102 incidents in the last 12 months (47 per 1,000 residents), +27% vs. the year before. Minneapolis police incidents, all reported offenses (definitions differ from St. Paul's, so don't compare across cities).

Status history

2026-09-30New at $599,900