921 19th St S

Cash flows

32 photos

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

Asking price: $339,900
Monthly cash flow: $67
Estimated rent: $3,900/mo
Break-even price: $352,440

Adjust the numbers See the full breakdown

From the listing

INVESTMENT OPPORTUNITY IN SOUTH MOORHEAD Explore the opportunity to own a well-located fourplex in South Moorhead, just blocks from Minnesota State University Moorhead and near a brand-new park. The approximately 3,824-square-foot property includes four 3-bedroom, 1-bath units and 2 double garages, offering flexible appeal for student housing, workforce housing, or traditional long-term rentals. Each unit offers a generous layout with living, kitchen, and dining areas, while the property provides off-street parking, a large yard, and shared coin-operated laundry. Four 3-bedroom units, a location near MSUM, and access to nearby amenities create a practical foundation for an income-producing multifamily investment. Great opportunity for investors to add these 4 units to your investment portfolio!

Listing courtesy of Keller Williams Inspire Realty (Jeff Shipley - Dr). Description from Realtor.com, MLS #7143292. 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: $339,900
Cash to close: $78,177
Price per unit: $84,975
GRM: 7.3

Each month

Cash flow: $67/mo
Cash-on-cash: 1.0%
Cap rate: 6.6%
DSCR: 1.04×

Break-even

Price that breaks even: $352,440
Rent that breaks even: $3,813/mo

Long run

Year 30: property vs stocks: $1.54M vs $595K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$3,900
Vacancy (6%)	−$234
Collected	$3,666
Property tax Listing	−$348
Insurance Estimate	−$380
Water, sewer, trash Estimate	−$340
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (9% of rent)	−$351
Capital reserve (8% of rent)	−$312
Net operating income	$1,876
Mortgage (principal + interest)	−$1,809
Cash flow	$67
Principal paid down (equity, not cash)	$230

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	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $305,910 of principal by year 30	$0
Plus rental profits, invested at 7%$287,439 of profit by year 30, before investment growth	$533,827
What you'd walk away with	$1,309,352
If you put the same money in stocks
Cash to close ($44,187) invested at 7%	$336,363
Monthly shortfalls ($13,118 total by yr 30) investedThe money you'd have put into the building while it lost money	$85,919
What you'd walk away with	$422,282
Building minus stocks	$887,070

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $305,910 of principal by year 30	$0
Plus rental profits, invested at 7%$130,710 of profit by year 30, before investment growth	$199,340
What you'd walk away with	$974,865
If you put the same money in stocks
Cash to close ($44,187) invested at 7%	$336,363
Monthly shortfalls ($44,754 total by yr 30) investedThe money you'd have put into the building while it lost money	$264,653
What you'd walk away with	$601,016
Building minus stocks	$373,849

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $296,910 of principal by year 30	$0
Plus rental profits, invested at 7%$306,120 of profit by year 30, before investment growth	$583,173
What you'd walk away with	$1,335,882
If you put the same money in stocks
Cash to close ($42,887) invested at 7%	$326,467
Monthly shortfalls ($9,974 total by yr 30) investedThe money you'd have put into the building while it lost money	$65,652
What you'd walk away with	$392,119
Building minus stocks	$943,763

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $296,910 of principal by year 30	$0
Plus rental profits, invested at 7%$144,686 of profit by year 30, before investment growth	$227,371
What you'd walk away with	$980,080
If you put the same money in stocks
Cash to close ($42,887) invested at 7%	$326,467
Monthly shortfalls ($36,904 total by yr 30) investedThe money you'd have put into the building while it lost money	$223,071
What you'd walk away with	$549,538
Building minus stocks	$430,542

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $271,920 of principal by year 30	$0
Plus rental profits, invested at 7%$364,907 of profit by year 30, before investment growth	$763,398
What you'd walk away with	$1,538,922
If you put the same money in stocks
Cash to close ($78,177) invested at 7%	$595,103
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	$595,103
Building minus stocks	$943,819

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $271,920 of principal by year 30	$0
Plus rental profits, invested at 7%$187,944 of profit by year 30, before investment growth	$322,745
What you'd walk away with	$1,098,270
If you put the same money in stocks
Cash to close ($78,177) invested at 7%	$595,103
Monthly shortfalls ($11,401 total by yr 30) investedThe money you'd have put into the building while it lost money	$72,569
What you'd walk away with	$667,672
Building minus stocks	$430,598

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $263,920 of principal by year 30	$0
Plus rental profits, invested at 7%$384,067 of profit by year 30, before investment growth	$823,729
What you'd walk away with	$1,576,437
If you put the same money in stocks
Cash to close ($75,877) invested at 7%	$577,595
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	$577,595
Building minus stocks	$998,842

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $263,920 of principal by year 30	$0
Plus rental profits, invested at 7%$203,288 of profit by year 30, before investment growth	$359,995
What you'd walk away with	$1,112,703
If you put the same money in stocks
Cash to close ($75,877) invested at 7%	$577,595
Monthly shortfalls ($7,585 total by yr 30) investedThe money you'd have put into the building while it lost money	$49,487
What you'd walk away with	$627,082
Building minus stocks	$485,621

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $254,925 of principal by year 30	$0
Plus rental profits, invested at 7%$405,611 of profit by year 30, before investment growth	$891,564
What you'd walk away with	$1,667,089
If you put the same money in stocks
Cash to close ($95,172) invested at 7%	$724,474
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	$724,474
Building minus stocks	$942,615

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$825,027
Minus 6% selling cost	−$49,502
Minus loan still owedTenants' rent paid down all $254,925 of principal by year 30	$0
Plus rental profits, invested at 7%$221,470 of profit by year 30, before investment growth	$406,658
What you'd walk away with	$1,182,183
If you put the same money in stocks
Cash to close ($95,172) invested at 7%	$724,474
Monthly shortfalls ($4,223 total by yr 30) investedThe money you'd have put into the building while it lost money	$28,315
What you'd walk away with	$752,789
Building minus stocks	$429,394

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $247,425 of principal by year 30	$0
Plus rental profits, invested at 7%$423,574 of profit by year 30, before investment growth	$948,124
What you'd walk away with	$1,700,833
If you put the same money in stocks
Cash to close ($92,372) invested at 7%	$703,159
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	$703,159
Building minus stocks	$997,674

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$800,754
Minus 6% selling cost	−$48,045
Minus loan still owedTenants' rent paid down all $247,425 of principal by year 30	$0
Plus rental profits, invested at 7%$237,339 of profit by year 30, before investment growth	$449,528
What you'd walk away with	$1,202,237
If you put the same money in stocks
Cash to close ($92,372) invested at 7%	$703,159
Monthly shortfalls ($2,129 total by yr 30) investedThe money you'd have put into the building while it lost money	$14,625
What you'd walk away with	$717,784
Building minus stocks	$484,453

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 $1.54M, stocks $595K. 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 $975/mo · range $950–$1,475 · 7 rentals within 1.25 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	1.2 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 921 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.	$4,170
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 $339,900

From the listing Listing

Listed as	four plex
Property tax, 2026	$4,170
County	Clay
Parcel number	586890830

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.