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Greater Minnesota › Lake City

Lake City

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
$192K
Typical cash flow
−$31
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.

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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. 417 N Washington St serious flag −$31/mo

Best long-term

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

  1. 417 N Washington St serious flag 2.41× stocks

Value-add

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

  1. 417 N Washington St serious flag Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

  1. 417 N Washington St No rents, lease terms or occupancy given.

Needs more info

Left out of the rankings until a data problem is resolved.

  1. 1127 N Lakeshore Dr No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.

All listings

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

  1. 417 N Washington St

    $385,000 · 2 units
    Close
    Cash flow −$31/mo Cap 6.3% Break-even price $379K Yr 30 vs stocks 2.41× Positive in yr 2

    A dated 1921 duplex with no rent info that loses a little money at asking, so only worth pursuing well under $379K.

    No rents, lease terms or occupancy given. The listing pitches it as convertible to single-family, which may mean it is vacant or owner-occupied.

  2. 1127 N Lakeshore Dr

    $2,325,000
    Needs more info

    This is an 11-unit lakeside motel business at $2.325M, not a small rental, so only audited operating numbers can justify the price.

    Needs more info: No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.

Monthly cash flow

−$500$0break-even417 N Washington St−$31

What's changing

Nothing curated for this city yet.