675 Old Hwy

28 photos

Photos, via Realtor.com.

Asking price: $290,000
Monthly cash flow: −$209
Estimated rent: $2,900/mo
Break-even price: $250,729

Adjust the numbers See the full breakdown

From the listing

Rare duplex opportunity in New Brighton offering two separate residential units with 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. Conveniently located along Old Highway 8 with easy access to major roadways, shopping, dining, parks, schools, and other area amenities. A great opportunity to acquire a duplex with existing rental income and flexibility for future ownership plans.

Description from Realtor.com, MLS #7139326. 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: −$209/mo
Cash-on-cash: −3.8%
Cap rate: 5.5%
DSCR: 0.86×

Break-even

Price that breaks even: $250,729
Rent that breaks even: $3,171/mo

Long run

Year 30: property vs stocks: $959K vs $562K
Cash flow turns positive: year 7

Monthly

Monthly breakdown

Rent	$2,900
Vacancy (6%)	−$174
Collected	$2,726
Property tax Listing	−$464
Insurance Estimate	−$205
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	$1,334
Mortgage (principal + interest)	−$1,544
Cash flow	−$209
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%$120,820 of profit by year 30, before investment growth	$186,795
What you'd walk away with	$848,467
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($35,541 total by yr 30) investedThe money you'd have put into the building while it lost money	$212,524
What you'd walk away with	$499,506
Building minus stocks	$348,961

	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%$34,053 of profit by year 30, before investment growth	$42,669
What you'd walk away with	$704,341
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($88,840 total by yr 30) investedThe money you'd have put into the building while it lost money	$450,024
What you'd walk away with	$737,006
Building minus stocks	−$32,665

	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%$135,305 of profit by year 30, before investment growth	$216,701
What you'd walk away with	$855,557
If you put the same money in stocks
Cash to close ($36,400) invested at 7%	$277,086
Monthly shortfalls ($28,200 total by yr 30) investedThe money you'd have put into the building while it lost money	$172,817
What you'd walk away with	$449,903
Building minus stocks	$405,654

	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%$42,417 of profit by year 30, before investment growth	$54,978
What you'd walk away with	$693,834
If you put the same money in stocks
Cash to close ($36,400) invested at 7%	$277,086
Monthly shortfalls ($75,378 total by yr 30) investedThe money you'd have put into the building while it lost money	$392,720
What you'd walk away with	$669,806
Building minus stocks	$24,028

	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%$170,996 of profit by year 30, before investment growth	$297,621
What you'd walk away with	$959,293
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($8,429 total by yr 30) investedThe money you'd have put into the building while it lost money	$54,177
What you'd walk away with	$561,914
Building minus stocks	$397,379

	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%$64,863 of profit by year 30, before investment growth	$91,348
What you'd walk away with	$753,020
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($42,363 total by yr 30) investedThe money you'd have put into the building while it lost money	$229,530
What you'd walk away with	$737,267
Building minus stocks	$15,753

	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%$186,699 of profit by year 30, before investment growth	$336,679
What you'd walk away with	$975,535
If you put the same money in stocks
Cash to close ($64,400) invested at 7%	$490,229
Monthly shortfalls ($4,972 total by yr 30) investedThe money you'd have put into the building while it lost money	$32,903
What you'd walk away with	$523,133
Building minus stocks	$452,402

	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%$75,364 of profit by year 30, before investment growth	$109,990
What you'd walk away with	$748,846
If you put the same money in stocks
Cash to close ($64,400) invested at 7%	$490,229
Monthly shortfalls ($33,702 total by yr 30) investedThe money you'd have put into the building while it lost money	$187,841
What you'd walk away with	$678,070
Building minus stocks	$70,776

	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%$200,095 of profit by year 30, before investment growth	$371,792
What you'd walk away with	$1,033,463
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
Monthly shortfalls ($2,799 total by yr 30) investedThe money you'd have put into the building while it lost money	$18,997
What you'd walk away with	$637,112
Building minus stocks	$396,351

	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%$84,536 of profit by year 30, before investment growth	$127,101
What you'd walk away with	$788,772
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
Monthly shortfalls ($27,306 total by yr 30) investedThe money you'd have put into the building while it lost money	$155,932
What you'd walk away with	$774,047
Building minus stocks	$14,725

	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%$216,336 of profit by year 30, before investment growth	$416,866
What you'd walk away with	$1,055,722
If you put the same money in stocks
Cash to close ($78,400) invested at 7%	$596,801
Monthly shortfalls ($1,077 total by yr 30) investedThe money you'd have put into the building while it lost money	$7,511
What you'd walk away with	$604,312
Building minus stocks	$451,410

	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%$95,903 of profit by year 30, before investment growth	$149,470
What you'd walk away with	$788,325
If you put the same money in stocks
Cash to close ($78,400) invested at 7%	$596,801
Monthly shortfalls ($20,710 total by yr 30) investedThe money you'd have put into the building while it lost money	$121,740
What you'd walk away with	$718,541
Building minus stocks	$69,784

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 $959K, stocks $562K. 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 675 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.	$5,562
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,460
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

2026-09-10New at $290,000

From the listing Listing

Listed as	duplex up and down
Property tax, 2026	$5,562
County	Ramsey
Parcel number	293023140143

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 446 m away.