926 2nd St NW

Rochester, MN · View the listing ↗

33 photos

Photos courtesy of RE/MAX Results, via Realtor.com.

Asking price: $354,900
Monthly cash flow: −$116
Estimated rent: $3,400/mo
Break-even price: $333,113

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: $354,900
Cash to close: $81,627
Price per unit: $177,450
GRM: 8.7

Each month

Cash flow: −$116/mo
Cash-on-cash: −1.7%
Cap rate: 6.0%
DSCR: 0.94×

Break-even

Price that breaks even: $333,113
Rent that breaks even: $3,551/mo

Long run

Year 30: property vs stocks: $1.37M vs $638K
Cash flow turns positive: year 4

Monthly

Monthly breakdown

Rent	$3,400
Vacancy (6%)	−$204
Collected	$3,196
Property tax Listing	−$404
Insurance Estimate	−$211
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$272
Capital reserve (9% of rent)	−$306
Net operating income	$1,773
Mortgage (principal + interest)	−$1,889
Cash flow	−$116
Principal paid down (equity, not cash)	$240

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	$861,435
Minus 6% selling cost	−$51,686
Minus loan still owedTenants' rent paid down all $319,410 of principal by year 30	$0
Plus rental profits, invested at 7%$222,805 of profit by year 30, before investment growth	$375,844
What you'd walk away with	$1,185,594
If you put the same money in stocks
Cash to close ($46,137) invested at 7%	$351,207
Monthly shortfalls ($26,248 total by yr 30) investedThe money you'd have put into the building while it lost money	$166,384
What you'd walk away with	$517,590
Building minus stocks	$668,004

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,435
Minus 6% selling cost	−$51,686
Minus loan still owedTenants' rent paid down all $319,410 of principal by year 30	$0
Plus rental profits, invested at 7%$100,376 of profit by year 30, before investment growth	$142,430
What you'd walk away with	$952,179
If you put the same money in stocks
Cash to close ($46,137) invested at 7%	$351,207
Monthly shortfalls ($68,034 total by yr 30) investedThe money you'd have put into the building while it lost money	$380,392
What you'd walk away with	$731,599
Building minus stocks	$220,580

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,163
Minus 6% selling cost	−$50,230
Minus loan still owedTenants' rent paid down all $310,410 of principal by year 30	$0
Plus rental profits, invested at 7%$239,597 of profit by year 30, before investment growth	$415,497
What you'd walk away with	$1,202,430
If you put the same money in stocks
Cash to close ($44,837) invested at 7%	$341,311
Monthly shortfalls ($21,214 total by yr 30) investedThe money you'd have put into the building while it lost money	$136,423
What you'd walk away with	$477,734
Building minus stocks	$724,696

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,163
Minus 6% selling cost	−$50,230
Minus loan still owedTenants' rent paid down all $310,410 of principal by year 30	$0
Plus rental profits, invested at 7%$112,297 of profit by year 30, before investment growth	$163,724
What you'd walk away with	$950,657
If you put the same money in stocks
Cash to close ($44,837) invested at 7%	$341,311
Monthly shortfalls ($58,130 total by yr 30) investedThe money you'd have put into the building while it lost money	$332,073
What you'd walk away with	$673,384
Building minus stocks	$277,273

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,435
Minus 6% selling cost	−$51,686
Minus loan still owedTenants' rent paid down all $283,920 of principal by year 30	$0
Plus rental profits, invested at 7%$293,537 of profit by year 30, before investment growth	$555,364
What you'd walk away with	$1,365,114
If you put the same money in stocks
Cash to close ($81,627) invested at 7%	$621,366
Monthly shortfalls ($2,396 total by yr 30) investedThe money you'd have put into the building while it lost money	$16,491
What you'd walk away with	$637,857
Building minus stocks	$727,257

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,435
Minus 6% selling cost	−$51,686
Minus loan still owedTenants' rent paid down all $283,920 of principal by year 30	$0
Plus rental profits, invested at 7%$151,979 of profit by year 30, before investment growth	$241,277
What you'd walk away with	$1,051,026
If you put the same money in stocks
Cash to close ($81,627) invested at 7%	$621,366
Monthly shortfalls ($25,053 total by yr 30) investedThe money you'd have put into the building while it lost money	$149,827
What you'd walk away with	$771,193
Building minus stocks	$279,833

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,163
Minus 6% selling cost	−$50,230
Minus loan still owedTenants' rent paid down all $275,920 of principal by year 30	$0
Plus rental profits, invested at 7%$311,220 of profit by year 30, before investment growth	$605,659
What you'd walk away with	$1,392,592
If you put the same money in stocks
Cash to close ($79,327) invested at 7%	$603,857
Monthly shortfalls ($918 total by yr 30) investedThe money you'd have put into the building while it lost money	$6,455
What you'd walk away with	$610,312
Building minus stocks	$782,280

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,163
Minus 6% selling cost	−$50,230
Minus loan still owedTenants' rent paid down all $275,920 of principal by year 30	$0
Plus rental profits, invested at 7%$165,434 of profit by year 30, before investment growth	$270,108
What you'd walk away with	$1,057,041
If you put the same money in stocks
Cash to close ($79,327) invested at 7%	$603,857
Monthly shortfalls ($19,347 total by yr 30) investedThe money you'd have put into the building while it lost money	$118,327
What you'd walk away with	$722,185
Building minus stocks	$334,856

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,435
Minus 6% selling cost	−$51,686
Minus loan still owedTenants' rent paid down all $266,175 of principal by year 30	$0
Plus rental profits, invested at 7%$333,642 of profit by year 30, before investment growth	$672,695
What you'd walk away with	$1,482,445
If you put the same money in stocks
Cash to close ($99,372) invested at 7%	$756,445
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	$756,445
Building minus stocks	$726,000

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$861,435
Minus 6% selling cost	−$51,686
Minus loan still owedTenants' rent paid down all $266,175 of principal by year 30	$0
Plus rental profits, invested at 7%$182,790 of profit by year 30, before investment growth	$309,302
What you'd walk away with	$1,119,051
If you put the same money in stocks
Cash to close ($99,372) invested at 7%	$756,445
Monthly shortfalls ($13,364 total by yr 30) investedThe money you'd have put into the building while it lost money	$84,030
What you'd walk away with	$840,475
Building minus stocks	$278,576

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,163
Minus 6% selling cost	−$50,230
Minus loan still owedTenants' rent paid down all $258,675 of principal by year 30	$0
Plus rental profits, invested at 7%$351,605 of profit by year 30, before investment growth	$729,256
What you'd walk away with	$1,516,189
If you put the same money in stocks
Cash to close ($96,572) invested at 7%	$735,131
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	$735,131
Building minus stocks	$781,058

	Year 30
If you buy this building
Sale priceValue grows 3% a year from the price	$837,163
Minus 6% selling cost	−$50,230
Minus loan still owedTenants' rent paid down all $258,675 of principal by year 30	$0
Plus rental profits, invested at 7%$196,836 of profit by year 30, before investment growth	$342,597
What you'd walk away with	$1,129,530
If you put the same money in stocks
Cash to close ($96,572) invested at 7%	$735,131
Monthly shortfalls ($9,446 total by yr 30) investedThe money you'd have put into the building while it lost money	$60,764
What you'd walk away with	$795,895
Building minus stocks	$333,635

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 $1.37M, stocks $638K. 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 $1,700/mo · range $1,000–$1,925 · 7 rentals within 0.75 mi

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Type
1117 1st St NW, Rochester	$995	2 / 1	—	0.1 mi	2026-09-22	Apartment
217 14th Ave SW, Rochester	$2,521	2 / 2	1,180	0.4 mi	2024-06-11	Apartment
1617 4th St NW, Rochester	$975	2 / 1	896	0.5 mi	2025-01-03	Apartment
718 5th St SW, Rochester	$1,300	2 / 1	1,211	0.5 mi	2024-09-11	Apartment
1721 3rd St SW, Rochester	$1,920	2 / 2	1,060	0.6 mi	2025-07-10	Apartment
1823 Quarry Ridge Pl NW, Rochester	$1,695	2 / 2	1,056	0.7 mi	2025-01-03	Apartment
401 Broadway Ave N, Rochester	$1,771	2 / 1	768	0.7 mi	2025-04-30	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 926 2ND ST NW

Opportunities

Long time on market: room to negotiate. Based on: Listing data: 195 days on market, 1 price cuts

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.	$4,846
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,534
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. built 1915: +1 pt capital reserve	8% / 9%

Status history

2026-03-24Price increase at $354,900 (was $349,900) · from listing history
2025-07-18Price cut at $349,900 (was $359,900) · from listing history
2026-03-24New at $354,900

From the listing Listing

Listed as	duplex up and down
Property tax, 2025	$4,846
County	Olmsted
Parcel number	743533005235

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 Rochester on rental licensing before you buy.