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Greater Minnesota › Austin

Austin

Greater Minnesota city. Every 2–4 unit listing here, run through the same numbers at 20% down and 7%.

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Neighborhood profile

Listings we track
4
Median price per unit
$68K
Typical cash flow
$246
median per month, 20% down
Rent rules
No cap
Rents can reset to market at renewal

Crime, rental-license and Census neighborhood figures are only available for St. Paul and Minneapolis so far.

Map

Top picks

Ranked on real rent estimates (nearby comparable rentals or our own research). Listings with a serious red flag are under Proceed with caution instead, however good the numbers look.

Fourplex
+$260/mo cash flow
Cash flows · cap 7.8% · 20% down
$219,000
4 units4 bd4 ba2,408 sqft
610 8th St SW, Austin
Rents: RentCast comps

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 404 Main St serious flag $823/mo
  2. 610 8th St SW $260/mo
  3. 309 3rd Ave SW serious flag $232/mo
  4. 403 2nd St serious flag −$301/mo

Best long-term

Year-30 wealth vs. the same money in stocks.

  1. 404 Main St serious flag 8.54× stocks
  2. 309 3rd Ave SW serious flag 3.57× stocks
  3. 610 8th St SW 3.43× stocks
  4. 403 2nd St serious flag 1.47× stocks

Value-add

Under-rented, needs work, or room to negotiate.

  1. 610 8th St SW Long time on market: room to negotiate.
  2. 404 Main St serious flag Long time on market: room to negotiate.
  3. 309 3rd Ave SW serious flag Long time on market: room to negotiate.
  4. 403 2nd St serious flag Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

  1. 404 Main St Description gives no rents, leases, occupancy, taxes or utility details, so income can't be verified.

All listings

4 listings. Filter by price or units, or switch the down payment.

  1. 610 8th St SW

    $219,000 · 4 units
    Cash flows
    Cash flow $260/mo Cap 7.8% Break-even price $268K Yr 30 vs stocks 3.43× Positive in yr 1

    Cheap per door and negotiable after 209 days, but with no rents or expenses given, treat the claimed cash flow as unproven until the rent roll and license check out.

  2. 404 Main St

    $118,000 · 2 units
    Cash flows
    Cash flow $823/mo Cap 14.8% Break-even price $273K Yr 30 vs stocks 8.54× Positive in yr 1

    The numbers look too good for a 276-day listing with no rents or taxes disclosed, so verify income, taxes and building condition before getting excited.

    Description gives no rents, leases, occupancy, taxes or utility details, so income can't be verified.

  3. 309 3rd Ave SW

    $179,000 · 2 units
    Cash flows
    Cash flow $232/mo Cap 7.9% Break-even price $223K Yr 30 vs stocks 3.57× Positive in yr 1

    Numbers look decent on paper at $179K, but with no rents, taxes or systems info and tired interiors, treat it as a rehab-risk deal until verified.

    No rents, lease status, expenses or utility details in the listing; the income side is entirely unverified.

  4. 403 2nd St

    $310,000 · 4 units
    Close
    Cash flow −$301/mo Cap 5.2% Break-even price $253K Yr 30 vs stocks 1.47× Positive in yr 9

    Rents of $650 against owner-paid utilities and a $310K ask don't work at today's rates; it only pencils well below about $253K with verified units.

    Owner pays all utilities on a large 1900 building with five units. This is a big expense that eats into $650 rents.

Monthly cash flow

−$500$0$500$1,000break-even404 Main St$823610 8th St SW$260309 3rd Ave SW$232403 2nd St−$301

What's changing

Nothing curated for this city yet.