917 19th St S

Cash flows

35 photos

Photos courtesy of Keller Williams Inspire Realty, via Realtor.com.

Asking price: $319,900
Monthly cash flow: $103
Estimated rent: $3,800/mo
Break-even price: $339,304

Adjust the numbers See the full breakdown

From the listing

PRIME SOUTH MOORHEAD MULTIFAMILY INVESTMENT OPPORTUNITY Position your portfolio for long-term growth with this well-located South Moorhead fourplex, ideally situated just blocks from Minnesota State University Moorhead and near a brand-new park. The approximately 3,824 SF property features four spacious 3-bedroom, 1-bath units, totaling 12 bedrooms and offering a highly desirable rental configuration. Each unit provides a functional living, kitchen, and dining layout, while the property offers off-street parking, a large yard, and shared coin-operated laundry. The strong 3-bedroom unit mix and proximity to MSUM create excellent appeal for student, workforce, or traditional long-term rental demand. A compelling opportunity to acquire four income-producing units in one property and add scale to a multifamily portfolio in a convenient South Moorhead location.

Listing courtesy of Keller Williams Inspire Realty (Jeff Shipley - Dr). Description from Realtor.com, MLS #7143288. 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: $319,900
Cash to close: $73,577
Price per unit: $79,975
GRM: 7.0

Each month

Cash flow: $103/mo
Cash-on-cash: 1.7%
Cap rate: 6.8%
DSCR: 1.06×

Break-even

Price that breaks even: $339,304
Rent that breaks even: $3,666/mo

Long run

Year 30: property vs stocks: $1.51M vs $560K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$3,800
Vacancy (6%)	−$228
Collected	$3,572
Property tax Listing	−$340
Insurance Estimate	−$380
Water, sewer, trash Estimate	−$340
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (9% of rent)	−$342
Capital reserve (8% of rent)	−$304
Net operating income	$1,806
Mortgage (principal + interest)	−$1,703
Cash flow	$103
Principal paid down (equity, not cash)	$217

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	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $287,910 of principal by year 30	$0
Plus rental profits, invested at 7%$288,738 of profit by year 30, before investment growth	$546,970
What you'd walk away with	$1,276,862
If you put the same money in stocks
Cash to close ($41,587) invested at 7%	$316,571
Monthly shortfalls ($10,338 total by yr 30) investedThe money you'd have put into the building while it lost money	$67,939
What you'd walk away with	$384,510
Building minus stocks	$892,352

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $287,910 of principal by year 30	$0
Plus rental profits, invested at 7%$132,746 of profit by year 30, before investment growth	$206,244
What you'd walk away with	$936,136
If you put the same money in stocks
Cash to close ($41,587) invested at 7%	$316,571
Monthly shortfalls ($37,881 total by yr 30) investedThe money you'd have put into the building while it lost money	$227,274
What you'd walk away with	$543,845
Building minus stocks	$392,291

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$752,209
Minus 6% selling cost	−$45,133
Minus loan still owedTenants' rent paid down all $278,910 of principal by year 30	$0
Plus rental profits, invested at 7%$307,419 of profit by year 30, before investment growth	$596,316
What you'd walk away with	$1,303,392
If you put the same money in stocks
Cash to close ($40,287) invested at 7%	$306,675
Monthly shortfalls ($7,193 total by yr 30) investedThe money you'd have put into the building while it lost money	$47,672
What you'd walk away with	$354,346
Building minus stocks	$949,046

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$752,209
Minus 6% selling cost	−$45,133
Minus loan still owedTenants' rent paid down all $278,910 of principal by year 30	$0
Plus rental profits, invested at 7%$147,311 of profit by year 30, before investment growth	$236,450
What you'd walk away with	$943,526
If you put the same money in stocks
Cash to close ($40,287) invested at 7%	$306,675
Monthly shortfalls ($30,619 total by yr 30) investedThe money you'd have put into the building while it lost money	$187,867
What you'd walk away with	$494,542
Building minus stocks	$448,984

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $255,920 of principal by year 30	$0
Plus rental profits, invested at 7%$363,656 of profit by year 30, before investment growth	$775,957
What you'd walk away with	$1,505,849
If you put the same money in stocks
Cash to close ($73,577) invested at 7%	$560,087
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$560,087
Building minus stocks	$945,762

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $255,920 of principal by year 30	$0
Plus rental profits, invested at 7%$188,587 of profit by year 30, before investment growth	$330,593
What you'd walk away with	$1,060,485
If you put the same money in stocks
Cash to close ($73,577) invested at 7%	$560,087
Monthly shortfalls ($8,466 total by yr 30) investedThe money you'd have put into the building while it lost money	$54,697
What you'd walk away with	$614,784
Building minus stocks	$445,701

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$752,209
Minus 6% selling cost	−$45,133
Minus loan still owedTenants' rent paid down all $247,920 of principal by year 30	$0
Plus rental profits, invested at 7%$382,817 of profit by year 30, before investment growth	$836,288
What you'd walk away with	$1,543,364
If you put the same money in stocks
Cash to close ($71,277) invested at 7%	$542,579
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$542,579
Building minus stocks	$1,000,785

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$752,209
Minus 6% selling cost	−$45,133
Minus loan still owedTenants' rent paid down all $247,920 of principal by year 30	$0
Plus rental profits, invested at 7%$204,392 of profit by year 30, before investment growth	$370,162
What you'd walk away with	$1,077,238
If you put the same money in stocks
Cash to close ($71,277) invested at 7%	$542,579
Monthly shortfalls ($5,109 total by yr 30) investedThe money you'd have put into the building while it lost money	$33,935
What you'd walk away with	$576,514
Building minus stocks	$500,724

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $239,925 of principal by year 30	$0
Plus rental profits, invested at 7%$401,966 of profit by year 30, before investment growth	$896,582
What you'd walk away with	$1,626,474
If you put the same money in stocks
Cash to close ($89,572) invested at 7%	$681,845
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$681,845
Building minus stocks	$944,629

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$776,481
Minus 6% selling cost	−$46,589
Minus loan still owedTenants' rent paid down all $239,925 of principal by year 30	$0
Plus rental profits, invested at 7%$221,043 of profit by year 30, before investment growth	$414,334
What you'd walk away with	$1,144,227
If you put the same money in stocks
Cash to close ($89,572) invested at 7%	$681,845
Monthly shortfalls ($2,611 total by yr 30) investedThe money you'd have put into the building while it lost money	$17,814
What you'd walk away with	$699,659
Building minus stocks	$444,568

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$752,209
Minus 6% selling cost	−$45,133
Minus loan still owedTenants' rent paid down all $232,425 of principal by year 30	$0
Plus rental profits, invested at 7%$419,929 of profit by year 30, before investment growth	$953,142
What you'd walk away with	$1,660,218
If you put the same money in stocks
Cash to close ($86,772) invested at 7%	$660,531
Monthly shortfalls ($0 total by yr 30) investedThe money you'd have put into the building while it lost money	$0
What you'd walk away with	$660,531
Building minus stocks	$999,687

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$752,209
Minus 6% selling cost	−$45,133
Minus loan still owedTenants' rent paid down all $232,425 of principal by year 30	$0
Plus rental profits, invested at 7%$237,413 of profit by year 30, before investment growth	$460,197
What you'd walk away with	$1,167,273
If you put the same money in stocks
Cash to close ($86,772) invested at 7%	$660,531
Monthly shortfalls ($1,018 total by yr 30) investedThe money you'd have put into the building while it lost money	$7,116
What you'd walk away with	$667,646
Building minus stocks	$499,627

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 $1.51M, stocks $560K. 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.

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

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
921 19th St S Apt 4, Moorhead	$1,000	3 / 1	850	0.0 mi	2026-09-27	Apartment
915-18 1/2 St S, Moorhead	$945	3 / 2	1,035	0.1 mi	2025-01-03	Apartment
1011 18 1/2 St S, Moorhead	$925	3 / 1	—	0.1 mi	2025-12-25	Apartment
1810 12th Ave S, Moorhead	$925	3 / 1	—	0.1 mi	2026-06-24	Apartment
1802 12th Ave S, Moorhead	$925	3 / 1	—	0.1 mi	2025-12-25	Apartment
1521 1st Ave N, Moorhead	$1,440	3 / 2	1,400	0.8 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 917 19TH ST S

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.	$4,085
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$4,556
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$340
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. 12 bedrooms: +1 pt repairs for wear	9% / 8%

Status history

2026-09-12New at $319,900

From the listing Listing

Listed as	four plex
Property tax, 2026	$4,085
County	Clay
Parcel number	586890840

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.