681 Old Hwy

18 photos

Photos, via Realtor.com.

Asking price: $290,000
Monthly cash flow: −$156
Estimated rent: $2,900/mo
Break-even price: $260,653

Adjust the numbers See the full breakdown

From the listing

Fully rented duplex in New Brighton offering two residential units and established rental history. Conveniently located near major roadways, shopping, dining, parks, schools, and other area amenities. Both units are currently occupied, providing an opportunity to purchase an income producing property with existing tenants and rental income in place. The lower unit is currently month to month, providing flexibility for a future owner occupant or an investor looking to establish their own lease terms. The property offers separate living spaces and the functionality of a traditional duplex, making it a versatile option for both owner occupants and rental property investors. Convenient New Brighton location with easy access to surrounding Twin Cities communities.

Description from Realtor.com, MLS #7141953. 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: −$156/mo
Cash-on-cash: −2.8%
Cap rate: 5.7%
DSCR: 0.90×

Break-even

Price that breaks even: $260,653
Rent that breaks even: $3,103/mo

Long run

Year 30: property vs stocks: $1.02M vs $539K
Cash flow turns positive: year 6

Monthly

Monthly breakdown

Rent	$2,900
Vacancy (6%)	−$174
Collected	$2,726
Property tax Listing	−$417
Insurance Estimate	−$199
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	$1,387
Mortgage (principal + interest)	−$1,544
Cash flow	−$156
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%$146,364 of profit by year 30, before investment growth	$235,829
What you'd walk away with	$897,501
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($28,365 total by yr 30) investedThe money you'd have put into the building while it lost money	$174,535
What you'd walk away with	$461,517
Building minus stocks	$435,984

	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%$51,359 of profit by year 30, before investment growth	$67,895
What you'd walk away with	$729,567
If you put the same money in stocks
Cash to close ($37,700) invested at 7%	$286,982
Monthly shortfalls ($73,426 total by yr 30) investedThe money you'd have put into the building while it lost money	$388,227
What you'd walk away with	$675,209
Building minus stocks	$54,358

	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%$161,915 of profit by year 30, before investment growth	$269,980
What you'd walk away with	$908,835
If you put the same money in stocks
Cash to close ($36,400) invested at 7%	$277,086
Monthly shortfalls ($22,090 total by yr 30) investedThe money you'd have put into the building while it lost money	$139,072
What you'd walk away with	$416,158
Building minus stocks	$492,677

	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%$61,299 of profit by year 30, before investment growth	$83,818
What you'd walk away with	$722,673
If you put the same money in stocks
Cash to close ($36,400) invested at 7%	$277,086
Monthly shortfalls ($61,540 total by yr 30) investedThe money you'd have put into the building while it lost money	$334,536
What you'd walk away with	$611,622
Building minus stocks	$111,051

	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%$200,053 of profit by year 30, before investment growth	$362,188
What you'd walk away with	$1,023,859
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($4,767 total by yr 30) investedThe money you'd have put into the building while it lost money	$31,720
What you'd walk away with	$539,457
Building minus stocks	$484,402

	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%$87,163 of profit by year 30, before investment growth	$129,403
What you'd walk away with	$791,075
If you put the same money in stocks
Cash to close ($66,700) invested at 7%	$507,737
Monthly shortfalls ($31,943 total by yr 30) investedThe money you'd have put into the building while it lost money	$180,561
What you'd walk away with	$688,298
Building minus stocks	$102,777

	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%$216,796 of profit by year 30, before investment growth	$406,852
What you'd walk away with	$1,045,707
If you put the same money in stocks
Cash to close ($64,400) invested at 7%	$490,229
Monthly shortfalls ($2,349 total by yr 30) investedThe money you'd have put into the building while it lost money	$16,053
What you'd walk away with	$506,282
Building minus stocks	$539,425

	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%$98,977 of profit by year 30, before investment growth	$152,190
What you'd walk away with	$791,045
If you put the same money in stocks
Cash to close ($64,400) invested at 7%	$490,229
Monthly shortfalls ($24,595 total by yr 30) investedThe money you'd have put into the building while it lost money	$143,016
What you'd walk away with	$633,246
Building minus stocks	$157,799

	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%$231,000 of profit by year 30, before investment growth	$446,699
What you'd walk away with	$1,108,371
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
Monthly shortfalls ($985 total by yr 30) investedThe money you'd have put into the building while it lost money	$6,881
What you'd walk away with	$624,996
Building minus stocks	$483,375

	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%$109,212 of profit by year 30, before investment growth	$172,945
What you'd walk away with	$834,616
If you put the same money in stocks
Cash to close ($81,200) invested at 7%	$618,115
Monthly shortfalls ($19,262 total by yr 30) investedThe money you'd have put into the building while it lost money	$114,752
What you'd walk away with	$732,867
Building minus stocks	$101,749

	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%$248,096 of profit by year 30, before investment growth	$497,218
What you'd walk away with	$1,136,073
If you put the same money in stocks
Cash to close ($78,400) invested at 7%	$596,801
Monthly shortfalls ($118 total by yr 30) investedThe money you'd have put into the building while it lost money	$839
What you'd walk away with	$597,640
Building minus stocks	$538,433

	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%$121,798 of profit by year 30, before investment growth	$199,877
What you'd walk away with	$838,733
If you put the same money in stocks
Cash to close ($78,400) invested at 7%	$596,801
Monthly shortfalls ($13,885 total by yr 30) investedThe money you'd have put into the building while it lost money	$85,124
What you'd walk away with	$681,925
Building minus stocks	$156,808

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 $1.02M, stocks $539K. 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
751 1st Ave NW, New Brighton	$1,295	2 / 1	726	0.2 mi	—	Apartment
617 8th Ave NW, New Brighton	$1,704	2 / 2	942	0.2 mi	2025-05-09	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 681 OLD HWY
lowMonth-to-month tenants can leave quickly. Count on turnover soon after closing. Listing says: "income in place. The lower unit is currently month to month , 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.	$5,006
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,382
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 1888: +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	$5,006
County	Ramsey
Parcel number	293023140144

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 448 m away.