669 Old Hwy

18 photos

Photos, via Realtor.com.

Asking price: $290,000
Monthly cash flow: −$179
Estimated rent: $2,900/mo
Break-even price: $256,282

Adjust the numbers See the full breakdown

From the listing

Rare duplex in New Brighton offering two separate residential units with an established rental history. Both units are currently occupied, with one unit on a month to month lease, providing flexibility for a future owner occupant or an investor looking to establish new lease terms. The two unit layout offers separate living spaces and the opportunity to live in one unit while renting the other. The property is conveniently located along Old Highway 8 with easy access to major roadways, shopping, dining, parks, schools, and other area amenities. An opportunity to purchase a duplex with existing rental income and flexibility for future ownership plans.

Description from Realtor.com, MLS #7142157. 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: $290,000
Cash to close: $66,700
Price per unit: $145,000
GRM: 8.3

Each month

Cash flow: −$179/mo
Cash-on-cash: −3.2%
Cap rate: 5.6%
DSCR: 0.88×

Break-even

Price that breaks even: $256,282
Rent that breaks even: $3,133/mo

Long run

Year 30: property vs stocks: $995K vs $549K
Cash flow turns positive: year 6

Monthly

Monthly breakdown

Rent	$2,900
Vacancy (6%)	−$174
Collected	$2,726
Property tax Listing	−$435
Insurance Estimate	−$204
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$232
Capital reserve (9% of rent)	−$261
Net operating income	$1,364
Mortgage (principal + interest)	−$1,544
Cash flow	−$179
Principal paid down (equity, not cash)	$196

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	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $261,000 of principal by year 30	$0
Plus rental profits, invested at 7%$134,933 of profit by year 30, before investment growth	$213,539
What you'd walk away with	$875,210
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($31,346 total by yr 30) investedThe money you'd have put into the building while it lost money	$190,574
What you'd walk away with	$477,556
Building minus stocks	$397,654

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $261,000 of principal by year 30	$0
Plus rental profits, invested at 7%$43,414 of profit by year 30, before investment growth	$56,074
What you'd walk away with	$717,746
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($79,892 total by yr 30) investedThe money you'd have put into the building while it lost money	$414,736
What you'd walk away with	$701,718
Building minus stocks	$16,028

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$679,633
Minus 6% selling cost	−$40,778
Minus loan still owedTenants' rent paid down all $252,000 of principal by year 30	$0
Plus rental profits, invested at 7%$150,030 of profit by year 30, before investment growth	$245,834
What you'd walk away with	$884,689
If you put the same money in stocks
Cash to close ($36,400) invested at 7%	$277,086
Monthly shortfalls ($24,617 total by yr 30) investedThe money you'd have put into the building while it lost money	$153,256
What you'd walk away with	$430,342
Building minus stocks	$454,347

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$679,633
Minus 6% selling cost	−$40,778
Minus loan still owedTenants' rent paid down all $252,000 of principal by year 30	$0
Plus rental profits, invested at 7%$52,702 of profit by year 30, before investment growth	$70,440
What you'd walk away with	$709,295
If you put the same money in stocks
Cash to close ($36,400) invested at 7%	$277,086
Monthly shortfalls ($67,355 total by yr 30) investedThe money you'd have put into the building while it lost money	$359,488
What you'd walk away with	$636,574
Building minus stocks	$72,721

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $232,000 of principal by year 30	$0
Plus rental profits, invested at 7%$187,138 of profit by year 30, before investment growth	$333,159
What you'd walk away with	$994,831
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($6,264 total by yr 30) investedThe money you'd have put into the building while it lost money	$41,021
What you'd walk away with	$548,759
Building minus stocks	$446,072

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $232,000 of principal by year 30	$0
Plus rental profits, invested at 7%$77,100 of profit by year 30, before investment growth	$111,911
What you'd walk away with	$773,583
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($36,291 total by yr 30) investedThe money you'd have put into the building while it lost money	$201,399
What you'd walk away with	$709,137
Building minus stocks	$64,446

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$679,633
Minus 6% selling cost	−$40,778
Minus loan still owedTenants' rent paid down all $224,000 of principal by year 30	$0
Plus rental profits, invested at 7%$203,416 of profit by year 30, before investment growth	$375,238
What you'd walk away with	$1,014,094
If you put the same money in stocks
Cash to close ($64,400) invested at 7%	$490,229
Monthly shortfalls ($3,380 total by yr 30) investedThe money you'd have put into the building while it lost money	$22,769
What you'd walk away with	$512,999
Building minus stocks	$501,095

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$679,633
Minus 6% selling cost	−$40,778
Minus loan still owedTenants' rent paid down all $224,000 of principal by year 30	$0
Plus rental profits, invested at 7%$88,324 of profit by year 30, before investment growth	$132,768
What you'd walk away with	$771,624
If you put the same money in stocks
Cash to close ($64,400) invested at 7%	$490,229
Monthly shortfalls ($28,355 total by yr 30) investedThe money you'd have put into the building while it lost money	$161,925
What you'd walk away with	$652,154
Building minus stocks	$119,470

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $217,500 of principal by year 30	$0
Plus rental profits, invested at 7%$217,263 of profit by year 30, before investment growth	$412,939
What you'd walk away with	$1,074,611
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
Monthly shortfalls ($1,660 total by yr 30) investedThe money you'd have put into the building while it lost money	$11,451
What you'd walk away with	$629,567
Building minus stocks	$445,044

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$703,906
Minus 6% selling cost	−$42,234
Minus loan still owedTenants' rent paid down all $217,500 of principal by year 30	$0
Plus rental profits, invested at 7%$98,094 of profit by year 30, before investment growth	$151,859
What you'd walk away with	$813,531
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
Monthly shortfalls ($22,556 total by yr 30) investedThe money you'd have put into the building while it lost money	$131,997
What you'd walk away with	$750,112
Building minus stocks	$63,419

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$679,633
Minus 6% selling cost	−$40,778
Minus loan still owedTenants' rent paid down all $210,000 of principal by year 30	$0
Plus rental profits, invested at 7%$233,964 of profit by year 30, before investment growth	$460,874
What you'd walk away with	$1,099,729
If you put the same money in stocks
Cash to close ($78,400) invested at 7%	$596,801
Monthly shortfalls ($397 total by yr 30) investedThe money you'd have put into the building while it lost money	$2,825
What you'd walk away with	$599,626
Building minus stocks	$500,103

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$679,633
Minus 6% selling cost	−$40,778
Minus loan still owedTenants' rent paid down all $210,000 of principal by year 30	$0
Plus rental profits, invested at 7%$110,195 of profit by year 30, before investment growth	$176,897
What you'd walk away with	$815,753
If you put the same money in stocks
Cash to close ($78,400) invested at 7%	$596,801
Monthly shortfalls ($16,694 total by yr 30) investedThe money you'd have put into the building while it lost money	$100,475
What you'd walk away with	$697,276
Building minus stocks	$118,477

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 $995K, stocks $549K. 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 $1,450/mo · range $1,200–$1,675 · 8 rentals within 0.75 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
700 7th St NW, New Brighton	$1,555	2 / 2	1,066	0.2 mi	2025-05-09	Apartment
617 8th Ave NW, New Brighton	$1,704	2 / 2	942	0.2 mi	2025-05-09	Apartment
751 1st Ave NW, New Brighton	$1,295	2 / 1	726	0.2 mi	—	Apartment
798 10th St NW, New Brighton	$1,175	2 / 1	735	0.4 mi	2025-01-03	Apartment
1380 7th St NW, New Brighton	$1,100	2 / 1	—	0.6 mi	2026-06-12	Apartment
3744 Cleveland Ave N, Arden Hills	$1,585	2 / 1	974	0.6 mi	2026-07-17	Apartment
1417 10th St NW, New Brighton	$1,325	2 / 1.5	915	0.6 mi	2024-06-11	Apartment
1300 NW Parkway Dr, Saint Paul	$2,295	2 / 2	1,243	0.7 mi	2025-04-11	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 669 OLD HWY
lowMonth-to-month tenants can leave quickly. Count on turnover soon after closing. Listing says: "are currently occupied, with one unit on a month to month lease, providing flexibility for a future owner occupant"

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.	$5,220
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,448
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 1882: +1 pt capital reserve	8% / 9%

Status history

2026-09-10Price cut at $290,000 (was $299,000) · from listing history
2026-09-10New at $290,000

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$5,220
County	Ramsey
Parcel number	293023140142

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 New Brighton on rental licensing before you buy.

Nearest highway

I 35W, about 444 m away.