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716 8th St S

Moorhead, MN · View the listing ↗

Far off

Photos, via Realtor.com.

Asking price
$259,000
2 units · $130K per unit
Monthly cash flow
−$567
at 20% down, 7%
Estimated rent
$1,900/mo
low confidence · 7 rentals within 1.5 mi
Break-even price
$152,547
where cash flow hits $0

Adjust the numbers See the full breakdown

The numbers

Down payment %
Offer $
Management
Interest rate %
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
$259,000
Cash to close
$59,570
Price per unit
$129,500
GRM
11.4

Each month

Cash flow
−$567/mo
Cash-on-cash
−11.4%
Cap rate
3.8%
DSCR
0.59×

Break-even

Price that breaks even
$152,547
Rent that breaks even
$2,626/mo

Long run

Year 30: property vs stocks
$609K vs $833K
Cash flow turns positive
year 23

Monthly

Monthly breakdown

Rent$1,900
Vacancy (6%)−$114
Collected$1,786
Property tax Listing−$241
Insurance Estimate−$200
Water, sewer, trash Estimate−$170
Lawn care ($120 × 6 mo ÷ 12)−$60
Repairs (8% of rent)−$152
Capital reserve (8% of rent)−$152
Net operating income$812
Mortgage (principal + interest)−$1,379
Cash flow−$567
Principal paid down (equity, not cash)$175

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$628,661
Minus 6% selling cost−$37,720
Minus loan still owedTenants' rent paid down all $207,200 of principal by year 30$0
Plus rental profits, invested at 7%$15,537 of profit by year 30, before investment growth$18,288
What you'd walk away with$609,230
If you put the same money in stocks
Cash to close ($59,570) invested at 7%$453,462
Monthly shortfalls ($80,816 total by yr 30) investedThe money you'd have put into the building while it lost money$379,639
What you'd walk away with$833,101
Building minus stocks−$223,871

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 $609K, stocks $833K. Stocks win.

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.

3 bed estimate $950/mo · range $925–$1,450 · 7 rentals within 1.5 mi

AddressRentBd / BaSq ftDistanceListedType
915-18 1/2 St S, Moorhead $945 3 / 2 1,035 0.8 mi 2025-01-03 Apartment
1802 12th Ave S, Moorhead $925 3 / 1 — 0.8 mi 2025-12-25 Apartment
1011 18 1/2 St S, Moorhead $925 3 / 1 — 0.8 mi 2025-12-25 Apartment
1810 12th Ave S, Moorhead $925 3 / 1 — 0.8 mi 2026-06-24 Apartment
921 19th St S Apt 4, Moorhead $1,000 3 / 1 850 0.8 mi 2026-09-27 Apartment
1521 1st Ave N, Moorhead $1,440 3 / 2 1,400 0.9 mi 2025-04-29 Apartment
1102 28th Ave S, Moorhead $1,695 3 / 2 1,617 1.3 mi 2026-08-12 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 716 8TH ST S
  • mediumAsking is $106,453 above the price where cash flow breaks even ($152,547) at the default scenario. Based on: Derived: price $259,000 vs. break-even $152,547

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.$2,887
Insurance / yr Estimateestimate. from units, square feet and age; get a quote$2,394
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 rate8% / 8%

Status history

  • New at $259,000

From the listing Listing

Listed asduplex side x side
Property tax, 2026$2,887
CountyClay
Parcel number581830120

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 Moorhead on rental licensing before you buy.