919 W Front St

Albert Lea, MN · View the listing ↗

Cash flows

11 photos

Photos, via Realtor.com.

Asking price: $149,900
Monthly cash flow: $977
Estimated rent: $3,375/mo
Break-even price: $333,454

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: $149,900
Cash to close: $34,477
Price per unit: $49,967
GRM: 3.7

Each month

Cash flow: $977/mo
Cash-on-cash: 34.0%
Cap rate: 14.2%
DSCR: 2.22×

Break-even

Price that breaks even: $333,454
Rent that breaks even: $2,106/mo

Long run

Year 30: property vs stocks: $2.12M vs $262K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$3,375
Vacancy (6%)	−$202
Collected	$3,172
Property tax Listing	−$214
Insurance Estimate	−$295
Water, sewer, trash Estimate	−$255
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$270
Capital reserve (9% of rent)	−$304
Net operating income	$1,775
Mortgage (principal + interest)	−$798
Cash flow	$977
Principal paid down (equity, not cash)	$102

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	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $134,910 of principal by year 30	$0
Plus rental profits, invested at 7%$646,046 of profit by year 30, before investment growth	$1,641,294
What you'd walk away with	$1,983,310
If you put the same money in stocks
Cash to close ($19,487) invested at 7%	$148,340
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	$148,340
Building minus stocks	$1,834,970

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $134,910 of principal by year 30	$0
Plus rental profits, invested at 7%$483,039 of profit by year 30, before investment growth	$1,197,160
What you'd walk away with	$1,539,176
If you put the same money in stocks
Cash to close ($19,487) invested at 7%	$148,340
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	$148,340
Building minus stocks	$1,390,836

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $125,910 of principal by year 30	$0
Plus rental profits, invested at 7%$667,872 of profit by year 30, before investment growth	$1,710,907
What you'd walk away with	$2,030,106
If you put the same money in stocks
Cash to close ($18,187) invested at 7%	$138,444
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	$138,444
Building minus stocks	$1,891,662

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $125,910 of principal by year 30	$0
Plus rental profits, invested at 7%$504,864 of profit by year 30, before investment growth	$1,266,773
What you'd walk away with	$1,585,973
If you put the same money in stocks
Cash to close ($18,187) invested at 7%	$138,444
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	$138,444
Building minus stocks	$1,447,529

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $119,920 of principal by year 30	$0
Plus rental profits, invested at 7%$685,996 of profit by year 30, before investment growth	$1,780,429
What you'd walk away with	$2,122,444
If you put the same money in stocks
Cash to close ($34,477) invested at 7%	$262,448
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	$262,448
Building minus stocks	$1,859,996

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $119,920 of principal by year 30	$0
Plus rental profits, invested at 7%$522,988 of profit by year 30, before investment growth	$1,336,295
What you'd walk away with	$1,678,311
If you put the same money in stocks
Cash to close ($34,477) invested at 7%	$262,448
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	$262,448
Building minus stocks	$1,415,863

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $111,920 of principal by year 30	$0
Plus rental profits, invested at 7%$705,157 of profit by year 30, before investment growth	$1,840,760
What you'd walk away with	$2,159,959
If you put the same money in stocks
Cash to close ($32,177) invested at 7%	$244,940
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	$244,940
Building minus stocks	$1,915,019

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $111,920 of principal by year 30	$0
Plus rental profits, invested at 7%$542,149 of profit by year 30, before investment growth	$1,396,626
What you'd walk away with	$1,715,826
If you put the same money in stocks
Cash to close ($32,177) invested at 7%	$244,940
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	$244,940
Building minus stocks	$1,470,886

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $112,425 of principal by year 30	$0
Plus rental profits, invested at 7%$703,947 of profit by year 30, before investment growth	$1,836,951
What you'd walk away with	$2,178,967
If you put the same money in stocks
Cash to close ($41,972) invested at 7%	$319,502
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	$319,502
Building minus stocks	$1,859,465

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$363,847
Minus 6% selling cost	−$21,831
Minus loan still owedTenants' rent paid down all $112,425 of principal by year 30	$0
Plus rental profits, invested at 7%$540,939 of profit by year 30, before investment growth	$1,392,818
What you'd walk away with	$1,734,834
If you put the same money in stocks
Cash to close ($41,972) invested at 7%	$319,502
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	$319,502
Building minus stocks	$1,415,332

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $104,925 of principal by year 30	$0
Plus rental profits, invested at 7%$721,910 of profit by year 30, before investment growth	$1,893,512
What you'd walk away with	$2,212,711
If you put the same money in stocks
Cash to close ($39,172) invested at 7%	$298,187
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	$298,187
Building minus stocks	$1,914,524

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$339,574
Minus 6% selling cost	−$20,374
Minus loan still owedTenants' rent paid down all $104,925 of principal by year 30	$0
Plus rental profits, invested at 7%$558,903 of profit by year 30, before investment growth	$1,449,378
What you'd walk away with	$1,768,578
If you put the same money in stocks
Cash to close ($39,172) invested at 7%	$298,187
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	$298,187
Building minus stocks	$1,470,391

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 $2.12M, stocks $262K. 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.

4 bed estimate $1,575/mo · range $1,350–$1,975 · 33 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
224 James Ave, Mankato	$1,979	4 / 2	1,700	46.9 mi	2026-03-03	Apartment
216 James Ave, Mankato	$2,200	4 / 2	1,200	46.9 mi	2026-04-16	Apartment
526 S 2nd St Apt 1, Mankato	$2,475	5 / 2	—	47.5 mi	2022-11-15	Apartment
526 S 2nd St Apt 3, Mankato	$1,980	4 / 2	—	47.5 mi	2026-10-01	Apartment
520 S 2nd St, Mankato	$2,080	4 / 1	1,525	47.5 mi	2026-06-01	Apartment
1730 Restoration Rd SW, Rochester	$1,948	4 / 2	1,494	51.3 mi	2026-08-28	Apartment
826 21st Ave SE, Rochester	$1,395	4 / 2	1,240	53.8 mi	2026-04-30	Apartment
422 Division St S, Northfield	$2,800	4 / 2	1,567	57.1 mi	2026-01-30	Apartment
2998 Rivers Ridge Dr, Red Wing	$2,190	4 / 3.5	2,607	75.0 mi	2026-07-25	Apartment
373 Main St, Winona	$360	4 / 2	—	91.1 mi	2022-04-06	Apartment

2 bed estimate $900/mo · range $850–$900 · 6 rentals within 2 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1302 Madison Ave, Albert Lea	$895	2 / 1	870	0.6 mi	2026-06-24	Apartment
133 W William St Apt 201, Albert Lea	$865	2 / 1	788	0.7 mi	—	Apartment
200 E 3rd St Unit Downstairs, Albert Lea	$850	2 / 1	800	0.7 mi	2026-10-04	Duplex triplex
139 E William St, Albert Lea	$880	2 / 1	894	0.8 mi	2025-05-12	Apartment
1215 Saint John Ave Apt 3, Albert Lea	$950	2 / 1	769	0.9 mi	—	Duplex triplex
1516/1520 E Hawthorne St, Albert Lea	$895	2 / 1	—	1.8 mi	2025-09-06	Apartment

1 bed estimate $900/mo · range $825–$900 · 357 rentals across Greater Minnesota

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
710 S Washington Ave, Albert Lea	$650	1 / 1	380	0.5 mi	2026-09-10	Apartment
133 W William St, Albert Lea	$1,000	1 / 1	750	0.7 mi	—	Apartment
127 Elizabeth Ave, Albert Lea	$725	1 / 1	—	0.8 mi	2026-08-21	Apartment
520th 6th St, Ellendale	$995	1 / 1	717	16.3 mi	2025-11-05	Apartment
900 14th St NW, Austin	$845	1 / 1	522	19.5 mi	2025-01-03	Apartment
1105 3rd St NW, Austin	$925	1 / 1	522	20.2 mi	2025-07-30	Apartment
104 1st St SW, Austin	$700	1 / 1	585	20.3 mi	2026-08-14	Apartment
704 1st Dr NW, Austin	$1,629	1 / 1	849	20.3 mi	2026-01-26	Apartment
119 2nd Ave NE Apt 3, Austin	$1,000	1 / 1	650	20.4 mi	2026-09-28	Apartment
139 2nd Ave NE Unit Main, Blooming Prairie	$675	1 / 1	300	22.6 mi	2026-08-15	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 919 FRONT ST W

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 427 days on market

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 2025. 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.	$2,570
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$3,538
Water, sewer, trash / mo Estimateestimate. $85/unit/mo, owner-paid	$255
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

2025-08-04New at $149,900

From the listing Listing

Listed as	triplex
Property tax, 2025	$2,570
County	Freeborn
Parcel number	340590640

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 Albert Lea on rental licensing before you buy.