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Greater Minnesota › Grand Marais

Grand Marais

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
2
Median price per unit
$186K
Typical cash flow
$84
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.

None yet with verified rents. Every listing here is ranked on rough rent estimates for now (tagged “rough” below); those are places with too few rentals nearby to compare.

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 420 W 5th Ave serious flag $565/mo
  2. 1038 W 3rd Ave serious flag −$397/mo

Best long-term

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

  1. 420 W 5th Ave serious flag 4.40× stocks
  2. 1038 W 3rd Ave serious flag 1.69× stocks

Value-add

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

  1. 420 W 5th Ave serious flag Long time on market: room to negotiate.
  2. 1038 W 3rd Ave serious flag Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

  1. 420 W 5th Ave No rents, lease terms or occupancy given, so income is unverified.

All listings

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

  1. 420 W 5th Ave

    $257,000 · 2 units
    Cash flows
    Cash flow $565/mo Cap 9.0% Break-even price $363K Yr 30 vs stocks 4.40× Positive in yr 1

    Numbers look decent on paper at about 9% cap, but with no rents, no tax data and dated interiors, this needs verification before you spend time on it.

    No rents, lease terms or occupancy given, so income is unverified. Our $1,675 per unit is only an estimate.

  2. 1038 W 3rd Ave

    $489,000 · 2 units
    Close
    Cash flow −$397/mo Cap 5.4% Break-even price $414K Yr 30 vs stocks 1.69× Positive in yr 7

    A newer, low-maintenance duplex, but at $489K it loses money every month, so it only works at a much lower price.

    Priced about $75K above our break-even price; negative cash flow at the ask

Monthly cash flow

−$500$0$500$1,000break-even420 W 5th Ave$5651038 W 3rd Ave−$397

What's changing

Nothing curated for this city yet.