8517 Davenport St NE

Blaine, MN · View the listing ↗

8 photos

Photos courtesy of Get You Moved Realty - Broker, via Realtor.com.

Asking price: $360,000
Monthly cash flow: −$353
Estimated rent: $2,900/mo
Break-even price: $293,742

Adjust the numbers See the full breakdown

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: $360,000
Cash to close: $82,800
Price per unit: $180,000
GRM: 10.3

Each month

Cash flow: −$353/mo
Cash-on-cash: −5.1%
Cap rate: 5.2%
DSCR: 0.82×

Break-even

Price that breaks even: $293,742
Rent that breaks even: $3,352/mo

Long run

Year 30: property vs stocks: $1.13M vs $744K
Cash flow turns positive: year 9

Monthly

Monthly breakdown

Rent	$2,900
Vacancy (6%)	−$174
Collected	$2,726
Property tax Listing	−$295
Insurance Estimate	−$173
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$232
Capital reserve (8% of rent)	−$232
Net operating income	$1,563
Mortgage (principal + interest)	−$1,916
Cash flow	−$353
Principal paid down (equity, not cash)	$244

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	$873,814
Minus 6% selling cost	−$52,429
Minus loan still owedTenants' rent paid down all $324,000 of principal by year 30	$0
Plus rental profits, invested at 7%$130,209 of profit by year 30, before investment growth	$192,558
What you'd walk away with	$1,013,944
If you put the same money in stocks
Cash to close ($46,800) invested at 7%	$356,254
Monthly shortfalls ($57,303 total by yr 30) investedThe money you'd have put into the building while it lost money	$331,068
What you'd walk away with	$687,322
Building minus stocks	$326,622

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$873,814
Minus 6% selling cost	−$52,429
Minus loan still owedTenants' rent paid down all $324,000 of principal by year 30	$0
Plus rental profits, invested at 7%$47,158 of profit by year 30, before investment growth	$59,260
What you'd walk away with	$880,646
If you put the same money in stocks
Cash to close ($46,800) invested at 7%	$356,254
Monthly shortfalls ($114,318 total by yr 30) investedThe money you'd have put into the building while it lost money	$579,396
What you'd walk away with	$935,649
Building minus stocks	−$55,003

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $315,000 of principal by year 30	$0
Plus rental profits, invested at 7%$143,328 of profit by year 30, before investment growth	$217,617
What you'd walk away with	$1,016,186
If you put the same money in stocks
Cash to close ($45,500) invested at 7%	$346,358
Monthly shortfalls ($48,597 total by yr 30) investedThe money you'd have put into the building while it lost money	$286,514
What you'd walk away with	$632,872
Building minus stocks	$383,314

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $315,000 of principal by year 30	$0
Plus rental profits, invested at 7%$55,541 of profit by year 30, before investment growth	$71,609
What you'd walk away with	$870,178
If you put the same money in stocks
Cash to close ($45,500) invested at 7%	$346,358
Monthly shortfalls ($100,875 total by yr 30) investedThe money you'd have put into the building while it lost money	$522,132
What you'd walk away with	$868,490
Building minus stocks	$1,688

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$873,814
Minus 6% selling cost	−$52,429
Minus loan still owedTenants' rent paid down all $288,000 of principal by year 30	$0
Plus rental profits, invested at 7%$187,298 of profit by year 30, before investment growth	$309,527
What you'd walk away with	$1,130,913
If you put the same money in stocks
Cash to close ($82,800) invested at 7%	$630,295
Monthly shortfalls ($18,450 total by yr 30) investedThe money you'd have put into the building while it lost money	$113,891
What you'd walk away with	$744,186
Building minus stocks	$386,727

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$873,814
Minus 6% selling cost	−$52,429
Minus loan still owedTenants' rent paid down all $288,000 of principal by year 30	$0
Plus rental profits, invested at 7%$85,381 of profit by year 30, before investment growth	$119,563
What you'd walk away with	$940,948
If you put the same money in stocks
Cash to close ($82,800) invested at 7%	$630,295
Monthly shortfalls ($56,598 total by yr 30) investedThe money you'd have put into the building while it lost money	$305,552
What you'd walk away with	$935,847
Building minus stocks	$5,101

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $280,000 of principal by year 30	$0
Plus rental profits, invested at 7%$201,713 of profit by year 30, before investment growth	$342,440
What you'd walk away with	$1,141,009
If you put the same money in stocks
Cash to close ($80,500) invested at 7%	$612,787
Monthly shortfalls ($13,704 total by yr 30) investedThe money you'd have put into the building while it lost money	$86,472
What you'd walk away with	$699,259
Building minus stocks	$441,750

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $280,000 of principal by year 30	$0
Plus rental profits, invested at 7%$95,674 of profit by year 30, before investment growth	$137,592
What you'd walk away with	$936,161
If you put the same money in stocks
Cash to close ($80,500) invested at 7%	$612,787
Monthly shortfalls ($47,730 total by yr 30) investedThe money you'd have put into the building while it lost money	$263,250
What you'd walk away with	$876,037
Building minus stocks	$60,124

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$873,814
Minus 6% selling cost	−$52,429
Minus loan still owedTenants' rent paid down all $270,000 of principal by year 30	$0
Plus rental profits, invested at 7%$220,626 of profit by year 30, before investment growth	$387,712
What you'd walk away with	$1,209,097
If you put the same money in stocks
Cash to close ($100,800) invested at 7%	$767,315
Monthly shortfalls ($8,666 total by yr 30) investedThe money you'd have put into the building while it lost money	$56,330
What you'd walk away with	$823,646
Building minus stocks	$385,451

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$873,814
Minus 6% selling cost	−$52,429
Minus loan still owedTenants' rent paid down all $270,000 of principal by year 30	$0
Plus rental profits, invested at 7%$109,526 of profit by year 30, before investment growth	$163,099
What you'd walk away with	$984,484
If you put the same money in stocks
Cash to close ($100,800) invested at 7%	$767,315
Monthly shortfalls ($37,632 total by yr 30) investedThe money you'd have put into the building while it lost money	$213,343
What you'd walk away with	$980,658
Building minus stocks	$3,826

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $262,500 of principal by year 30	$0
Plus rental profits, invested at 7%$235,551 of profit by year 30, before investment growth	$425,356
What you'd walk away with	$1,223,925
If you put the same money in stocks
Cash to close ($98,000) invested at 7%	$746,001
Monthly shortfalls ($5,628 total by yr 30) investedThe money you'd have put into the building while it lost money	$37,414
What you'd walk away with	$783,415
Building minus stocks	$440,510

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$849,542
Minus 6% selling cost	−$50,973
Minus loan still owedTenants' rent paid down all $262,500 of principal by year 30	$0
Plus rental profits, invested at 7%$120,606 of profit by year 30, before investment growth	$184,478
What you'd walk away with	$983,048
If you put the same money in stocks
Cash to close ($98,000) invested at 7%	$746,001
Monthly shortfalls ($30,749 total by yr 30) investedThe money you'd have put into the building while it lost money	$178,162
What you'd walk away with	$924,163
Building minus stocks	$58,885

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 $1.13M, stocks $744K. 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 $1,375–$1,600 · 13 rentals within 3 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
2901 Mounds View Blvd, Mounds View	$1,653	2 / 2	982	0.9 mi	2025-04-08	Apartment
9436 Ulysses St NE, Blaine	$2,020	2 / 2	1,067	1.2 mi	2024-05-01	Apartment
9401 Polk St NE, Blaine	$1,699	2 / 2	1,056	1.3 mi	2026-01-16	Apartment
2657 Mounds View Blvd, Mounds View	$1,350	2 / 1	861	1.4 mi	2026-08-06	Apartment
650 Osborne Rd NE, Fridley	$1,340	2 / 1	893	1.7 mi	2024-04-12	Apartment
1461 73rd Ave NE, Fridley	$1,500	2 / 2	1,250	1.7 mi	2025-06-12	Apartment
1619 73rd Ave NE, Fridley	$1,395	2 / 1	2,100	1.7 mi	—	Apartment
1619 73rd Ave NE Apt 206, Fridley	$1,295	2 / 1	1,030	1.7 mi	—	Apartment
9240 University Ave NW, Minneapolis	$1,430	2 / 1	990	2.1 mi	2026-09-29	Apartment
415 74th Ave NE, Fridley	$1,390	2 / 1	—	2.1 mi	2026-07-22	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 8517 DAVENPORT ST NE
lowMonth-to-month tenants can leave quickly. Count on turnover soon after closing. Listing says: "TO LOTS OF SHOPS. BOTH SIDES CURRENTLY LEASED, MONTH TO MONTH .NEW PATIO/DECK AND ASPHALT DRIVEWAY AND ROOF AND"

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.	$3,543
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,080
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%

Status history

2026-08-18New at $360,000

From the listing Listing

Listed as	duplex side x side
Property tax, 2026	$3,543
County	Anoka
Parcel number	323123440016

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 Blaine on rental licensing before you buy.