157 10th Ave N
Duplex · 2 units: 3 bed / 1 bath and 2 bed / 1 bath unit split estimated · 2,178 sq ft
Waite Park, MN · View the listing ↗
Photos courtesy of RE/MAX Results, via Realtor.com.
- Asking price
- $199,000 2 units · $100K per unit
- Monthly cash flow
- $17 at 20% down, 7%
- Estimated rent
- $2,475/mo medium confidence
- Break-even price
- $202,196 where cash flow hits $0
First look
This is a 1902 up/down in Waite Park at $199K that sits 142 days on market, and our numbers show it roughly break-even (+$17/mo at 20% down, 6.5% cap). The description gives no rents, no lease status, no repair history and no systems ages, so the income side is all our estimate: about $1,450 for a 3-bed and $1,025 for a 2-bed. The photos show the lower unit looks like a below-grade or partly below-grade space with drop ceilings and baseboard electric heat, which raises a legality and egress question right away. Taxes and unit count could not be matched to a county record, so verify those first. Worth a showing only if the price holds at or below the $202K break-even and the lower unit is a legal, licensed unit.
Things to consider
- Cash flow is about break-even at asking At 20% down the deal makes just $17/mo, leaving no cushion for repairs or vacancy. The break-even price is about $202K.
- Lower unit legality and livability A below-grade unit with a small window may not meet egress rules, which could cut rent or block licensing.From photo 6
- Income is unverified There are no stated rents, so you are relying on our estimates of $1,450 and $1,025 until you see a rent roll.Listing says: “Tenants pay most utilities, helping maximize cash flow potential.”
- Taxes and unit count unconfirmed No county parcel match means taxes could differ from our assumptions, which hits an already thin margin.
- Long time on market gives leverage At 142 days, the seller may accept a lower price, which would add cushion to a deal with no margin at asking.
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.
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
- $199,000
- Cash to close
- $25,870
- Price per unit
- $99,500
- GRM
- 6.7
Each month
- Cash flow
- −$227/mo
- Cash-on-cash
- −10.5%
- Cap rate
- 6.5%
- DSCR
- 0.83×
Break-even
- Price that breaks even
- $164,295
- Rent that breaks even
- $2,770/mo
Long run
- Year 30: property vs stocks
- $724K vs $255K
- Cash flow turns positive
- year 5
The deal
- Price
- $199,000
- Cash to close
- $25,870
- Price per unit
- $99,500
- GRM
- 6.7
Each month
- Cash flow
- −$437/mo
- Cash-on-cash
- −20.3%
- Cap rate
- 5.2%
- DSCR
- 0.66×
Break-even
- Price that breaks even
- $132,329
- Rent that breaks even
- $3,112/mo
Long run
- Year 30: property vs stocks
- $532K vs $388K
- Cash flow turns positive
- year 14
The deal
- Price
- $189,000
- Cash to close
- $24,570
- Price per unit
- $94,500
- GRM
- 6.4
Each month
- Cash flow
- −$162/mo
- Cash-on-cash
- −7.9%
- Cap rate
- 6.8%
- DSCR
- 0.87×
Break-even
- Price that breaks even
- $164,295
- Rent that breaks even
- $2,685/mo
Long run
- Year 30: property vs stocks
- $751K vs $225K
- Cash flow turns positive
- year 5
The deal
- Price
- $189,000
- Cash to close
- $24,570
- Price per unit
- $94,500
- GRM
- 6.4
Each month
- Cash flow
- −$371/mo
- Cash-on-cash
- −18.1%
- Cap rate
- 5.5%
- DSCR
- 0.70×
Break-even
- Price that breaks even
- $132,329
- Rent that breaks even
- $3,017/mo
Long run
- Year 30: property vs stocks
- $533K vs $332K
- Cash flow turns positive
- year 12
The deal
- Price
- $199,000
- Cash to close
- $45,770
- Price per unit
- $99,500
- GRM
- 6.7
Each month
- Cash flow
- $17/mo
- Cash-on-cash
- 0.4%
- Cap rate
- 6.5%
- DSCR
- 1.02×
Break-even
- Price that breaks even
- $202,196
- Rent that breaks even
- $2,453/mo
Long run
- Year 30: property vs stocks
- $851K vs $348K
- Cash flow turns positive
- year 1
The deal
- Price
- $199,000
- Cash to close
- $45,770
- Price per unit
- $99,500
- GRM
- 6.7
Each month
- Cash flow
- −$192/mo
- Cash-on-cash
- −5.0%
- Cap rate
- 5.2%
- DSCR
- 0.82×
Break-even
- Price that breaks even
- $162,856
- Rent that breaks even
- $2,756/mo
Long run
- Year 30: property vs stocks
- $591K vs $414K
- Cash flow turns positive
- year 10
The deal
- Price
- $189,000
- Cash to close
- $43,470
- Price per unit
- $94,500
- GRM
- 6.4
Each month
- Cash flow
- $70/mo
- Cash-on-cash
- 1.9%
- Cap rate
- 6.8%
- DSCR
- 1.07×
Break-even
- Price that breaks even
- $202,196
- Rent that breaks even
- $2,384/mo
Long run
- Year 30: property vs stocks
- $889K vs $331K
- Cash flow turns positive
- year 1
The deal
- Price
- $189,000
- Cash to close
- $43,470
- Price per unit
- $94,500
- GRM
- 6.4
Each month
- Cash flow
- −$139/mo
- Cash-on-cash
- −3.8%
- Cap rate
- 5.5%
- DSCR
- 0.86×
Break-even
- Price that breaks even
- $162,856
- Rent that breaks even
- $2,678/mo
Long run
- Year 30: property vs stocks
- $601K vs $369K
- Cash flow turns positive
- year 7
The deal
- Price
- $199,000
- Cash to close
- $55,720
- Price per unit
- $99,500
- GRM
- 6.7
Each month
- Cash flow
- $83/mo
- Cash-on-cash
- 1.8%
- Cap rate
- 6.5%
- DSCR
- 1.08×
Break-even
- Price that breaks even
- $215,675
- Rent that breaks even
- $2,367/mo
Long run
- Year 30: property vs stocks
- $926K vs $424K
- Cash flow turns positive
- year 1
The deal
- Price
- $199,000
- Cash to close
- $55,720
- Price per unit
- $99,500
- GRM
- 6.7
Each month
- Cash flow
- −$126/mo
- Cash-on-cash
- −2.7%
- Cap rate
- 5.2%
- DSCR
- 0.87×
Break-even
- Price that breaks even
- $173,713
- Rent that breaks even
- $2,659/mo
Long run
- Year 30: property vs stocks
- $633K vs $457K
- Cash flow turns positive
- year 7
The deal
- Price
- $189,000
- Cash to close
- $52,920
- Price per unit
- $94,500
- GRM
- 6.4
Each month
- Cash flow
- $133/mo
- Cash-on-cash
- 3.0%
- Cap rate
- 6.8%
- DSCR
- 1.14×
Break-even
- Price that breaks even
- $215,675
- Rent that breaks even
- $2,302/mo
Long run
- Year 30: property vs stocks
- $960K vs $403K
- Cash flow turns positive
- year 1
The deal
- Price
- $189,000
- Cash to close
- $52,920
- Price per unit
- $94,500
- GRM
- 6.4
Each month
- Cash flow
- −$76/mo
- Cash-on-cash
- −1.7%
- Cap rate
- 5.5%
- DSCR
- 0.92×
Break-even
- Price that breaks even
- $173,713
- Rent that breaks even
- $2,586/mo
Long run
- Year 30: property vs stocks
- $648K vs $417K
- Cash flow turns positive
- year 5
Monthly
Monthly breakdown
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,076 |
| Mortgage (principal + interest) | −$1,192 |
| PMI | −$112 |
| Cash flow | −$227 |
| Principal paid down (equity, not cash) | $152 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $867 |
| Mortgage (principal + interest) | −$1,192 |
| PMI | −$112 |
| Cash flow | −$437 |
| Principal paid down (equity, not cash) | $152 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,076 |
| Mortgage (principal + interest) | −$1,132 |
| PMI | −$106 |
| Cash flow | −$162 |
| Principal paid down (equity, not cash) | $144 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $867 |
| Mortgage (principal + interest) | −$1,132 |
| PMI | −$106 |
| Cash flow | −$371 |
| Principal paid down (equity, not cash) | $144 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,076 |
| Mortgage (principal + interest) | −$1,059 |
| Cash flow | $17 |
| Principal paid down (equity, not cash) | $135 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $867 |
| Mortgage (principal + interest) | −$1,059 |
| Cash flow | −$192 |
| Principal paid down (equity, not cash) | $135 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,076 |
| Mortgage (principal + interest) | −$1,006 |
| Cash flow | $70 |
| Principal paid down (equity, not cash) | $128 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $867 |
| Mortgage (principal + interest) | −$1,006 |
| Cash flow | −$139 |
| Principal paid down (equity, not cash) | $128 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,076 |
| Mortgage (principal + interest) | −$993 |
| Cash flow | $83 |
| Principal paid down (equity, not cash) | $126 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $867 |
| Mortgage (principal + interest) | −$993 |
| Cash flow | −$126 |
| Principal paid down (equity, not cash) | $126 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Net operating income | $1,076 |
| Mortgage (principal + interest) | −$943 |
| Cash flow | $133 |
| Principal paid down (equity, not cash) | $120 |
| Rent | $2,475 |
| Vacancy (6%) | −$148 |
| Collected | $2,326 |
| Property tax Listing | −$385 |
| Insurance Estimate | −$215 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$198 |
| Capital reserve (9% of rent) | −$223 |
| Property management | −$209 |
| Net operating income | $867 |
| Mortgage (principal + interest) | −$943 |
| Cash flow | −$76 |
| Principal paid down (equity, not cash) | $120 |
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
- Your equity when you sell
- $454,043
- Rental profits, invested at 7%
- $270,100
Sells for $483,025 (value up 3% a year), minus 6% selling cost ($28,982). Rent paid down $179,100 of loan.
$148,619 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $196,929
- Monthly shortfalls, invested
- $57,814
$25,870 put into an index fund instead of the down payment and closing costs.
$8,852 you'd have paid in while the building lost money, invested instead.
The building comes out $469,401 ahead after 30 years.
- Your equity when you sell
- $454,043
- Rental profits, invested at 7%
- $77,699
Sells for $483,025 (value up 3% a year), minus 6% selling cost ($28,982). Rent paid down $179,100 of loan.
$53,967 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $196,929
- Monthly shortfalls, invested
- $191,110
$25,870 put into an index fund instead of the down payment and closing costs.
$33,739 you'd have paid in while the building lost money, invested instead.
The building comes out $143,704 ahead after 30 years.
- Your equity when you sell
- $431,228
- Rental profits, invested at 7%
- $319,446
Sells for $458,753 (value up 3% a year), minus 6% selling cost ($27,525). Rent paid down $170,100 of loan.
$167,301 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $187,033
- Monthly shortfalls, invested
- $37,546
$24,570 put into an index fund instead of the down payment and closing costs.
$5,708 you'd have paid in while the building lost money, invested instead.
The building comes out $526,094 ahead after 30 years.
- Your equity when you sell
- $431,228
- Rental profits, invested at 7%
- $101,340
Sells for $458,753 (value up 3% a year), minus 6% selling cost ($27,525). Rent paid down $170,100 of loan.
$66,647 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $187,033
- Monthly shortfalls, invested
- $145,138
$24,570 put into an index fund instead of the down payment and closing costs.
$24,592 you'd have paid in while the building lost money, invested instead.
The building comes out $200,396 ahead after 30 years.
- Your equity when you sell
- $454,043
- Rental profits, invested at 7%
- $396,995
Sells for $483,025 (value up 3% a year), minus 6% selling cost ($28,982). Rent paid down $159,200 of loan.
$192,803 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $348,413
$45,770 put into an index fund instead of the down payment and closing costs.
The building comes out $502,626 ahead after 30 years.
- Your equity when you sell
- $454,043
- Rental profits, invested at 7%
- $137,150
Sells for $483,025 (value up 3% a year), minus 6% selling cost ($28,982). Rent paid down $159,200 of loan.
$84,069 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $348,413
- Monthly shortfalls, invested
- $65,853
$45,770 put into an index fund instead of the down payment and closing costs.
$10,805 you'd have paid in while the building lost money, invested instead.
The building comes out $176,928 ahead after 30 years.
- Your equity when you sell
- $431,228
- Rental profits, invested at 7%
- $457,327
Sells for $458,753 (value up 3% a year), minus 6% selling cost ($27,525). Rent paid down $151,200 of loan.
$211,964 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $330,905
$43,470 put into an index fund instead of the down payment and closing costs.
The building comes out $557,649 ahead after 30 years.
- Your equity when you sell
- $431,228
- Rental profits, invested at 7%
- $169,643
Sells for $458,753 (value up 3% a year), minus 6% selling cost ($27,525). Rent paid down $151,200 of loan.
$98,387 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $330,905
- Monthly shortfalls, invested
- $38,014
$43,470 put into an index fund instead of the down payment and closing costs.
$5,962 you'd have paid in while the building lost money, invested instead.
The building comes out $231,951 ahead after 30 years.
- Your equity when you sell
- $454,043
- Rental profits, invested at 7%
- $472,032
Sells for $483,025 (value up 3% a year), minus 6% selling cost ($28,982). Rent paid down $149,250 of loan.
$216,634 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $424,155
$55,720 put into an index fund instead of the down payment and closing costs.
The building comes out $501,921 ahead after 30 years.
- Your equity when you sell
- $454,043
- Rental profits, invested at 7%
- $178,691
Sells for $483,025 (value up 3% a year), minus 6% selling cost ($28,982). Rent paid down $149,250 of loan.
$102,121 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $424,155
- Monthly shortfalls, invested
- $32,357
$55,720 put into an index fund instead of the down payment and closing costs.
$5,026 you'd have paid in while the building lost money, invested instead.
The building comes out $176,223 ahead after 30 years.
- Your equity when you sell
- $431,228
- Rental profits, invested at 7%
- $528,593
Sells for $458,753 (value up 3% a year), minus 6% selling cost ($27,525). Rent paid down $141,750 of loan.
$234,597 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $402,841
$52,920 put into an index fund instead of the down payment and closing costs.
The building comes out $556,979 ahead after 30 years.
- Your equity when you sell
- $431,228
- Rental profits, invested at 7%
- $216,779
Sells for $458,753 (value up 3% a year), minus 6% selling cost ($27,525). Rent paid down $141,750 of loan.
$117,121 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $402,841
- Monthly shortfalls, invested
- $13,884
$52,920 put into an index fund instead of the down payment and closing costs.
$2,063 you'd have paid in while the building lost money, invested instead.
The building comes out $231,282 ahead after 30 years.
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
Year 30 (loan paid off): property $724K, stocks $255K. The property wins.
Year 30 (loan paid off): property $532K, stocks $388K. The property wins.
Year 30 (loan paid off): property $751K, stocks $225K. The property wins.
Year 30 (loan paid off): property $533K, stocks $332K. The property wins.
Year 30 (loan paid off): property $851K, stocks $348K. The property wins.
Year 30 (loan paid off): property $591K, stocks $414K. The property wins.
Year 30 (loan paid off): property $889K, stocks $331K. The property wins.
Year 30 (loan paid off): property $601K, stocks $369K. The property wins.
Year 30 (loan paid off): property $926K, stocks $424K. The property wins.
Year 30 (loan paid off): property $633K, stocks $457K. The property wins.
Year 30 (loan paid off): property $960K, stocks $403K. The property wins.
Year 30 (loan paid off): property $648K, stocks $417K. The property wins.
Comparable rentals
Nearby rentals RentCast matched to each unit type, as of 2026-10-05. The estimate above is RentCast's, weighted toward the closest matches.
3 bed / 1 bath estimate $1,450/mo · range $1,275–$1,625
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 153 10th Ave N, Waite Park 56387 off market | $1,200 | 3 / 1 | 0.0 mi | 94% |
| 330 2nd Ave S, Apt 121, Waite Park 56387 off market | $1,385 | 3 / 1 | 0.8 mi | 93% |
| 914 12th Ave N, Unit Lower, Saint Cloud 56303 off market | $1,400 | 3 / 1 | 2.8 mi | 90% |
| 426 9th Ave S, Unit 2, Saint Cloud 56301 off market | $1,220 | 3 / 1 | 3.4 mi | 89% |
| 426 9th Ave S, Unit 1, Saint Cloud 56301 off market | $1,300 | 3 / 1 | 3.4 mi | 89% |
| 810 9th Ave S, Saint Cloud 56301 off market | $995 | 3 / 1 | 3.4 mi | 89% |
| 2121 W Street Germain St, Unit Main, Saint Clou… | $1,500 | 3 / 1 | 2.3 mi | 85% |
| 510 3rd St S, Waite Park 56387 off market | $1,395 | 3 / 1.5 | 0.7 mi | 84% |
| 340 2nd Ave S, Apt 344, Waite Park 56387 | $1,095 | 2 / 1 | 0.8 mi | 83% |
| 847 Driftwood Dr, Apt 2, Saint Cloud 56303 off market | $920 | 2 / 1 | 0.8 mi | 83% |
2 bed / 1 bath estimate $1,025/mo · range $925–$1,100
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 340 2nd Ave S, Apt 344, Waite Park 56387 | $1,095 | 2 / 1 | 0.8 mi | 93% |
| 847 Driftwood Dr, Apt 6, Saint Cloud 56303 off market | $970 | 2 / 1 | 0.8 mi | 93% |
| 851 Driftwood Dr, Apt 1, Saint Cloud 56303 | $945 | 2 / 1 | 0.8 mi | 93% |
| 847 Driftwood Dr, Apt 2, Saint Cloud 56303 off market | $920 | 2 / 1 | 0.8 mi | 93% |
| 340 2nd Ave S, Apt 245, Waite Park 56387 off market | $1,125 | 2 / 1 | 0.8 mi | 93% |
| 855 Driftwood Dr, Apt 6, Saint Cloud 56303 off market | $920 | 2 / 1 | 0.9 mi | 93% |
| 855 Driftwood Dr, Apt 5, Saint Cloud 56303 off market | $825 | 2 / 1 | 0.9 mi | 93% |
| 320 2nd Ave S, Apt 302, Waite Park 56387 off market | $885 | 2 / 1 | 0.9 mi | 93% |
| 38 Oxby Ln, Waite Park 56387 | $900 | 2 / 1 | 1.2 mi | 92% |
| 410 33rd Ave N, Saint Cloud 56303 | $900 | 2 / 1 | 1.6 mi | 92% |
On the maps, this property and comparable rentals. Comparable rentals and rent estimate: RentCast. Rents are asking rents from listings; check them against the actual leases.
Red flags and opportunities
Watch for
- highLower unit appears partly below grade with a small high window; confirm it is a legal unit with egress for any bedrooms Based on: photo 6 · AI review
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 157 10TH AVE N
- mediumDescription gives no rents, lease status or expenses, so income is unproven Listing says: Tenants pay most utilities, helping maximize cash flow potential. · AI review
- lowLower unit heat appears to be electric baseboard, which is costly for tenants and may hurt rentability Based on: photo 6 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 142 days on market, 2 price cuts
- Garage stalls could be rented separately for extra income Listing says: Garage stalls can be rented for additional income opportunity. · AI review
- 142 days on market suggests room to negotiate toward break-even price Based on: data: listing.days_on_market · AI review
- No rent cap, so rents can follow the market after turnover Based on: data: underwriting.rent_rule · AI review
Questions for the agent
- What are the current rents, lease end dates and security deposits for each unit?
- Is the lower unit a licensed rental with egress for its bedrooms, and does the city rental license list two units?
- What are the actual annual taxes, and is the seller on homestead?
- What are the ages of the roof, water heater, furnace and electrical panels?
- Does the upper unit have its own gas furnace and meters, and who pays for what?
- Why has it sat 142 days, and have there been price cuts or offers?
Bottom line
Break-even at the asking price with unproven rents and a lower unit that needs legal verification; only interesting if the lower unit checks out and the rents hold. AI-assisted summary
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. | $4,616 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,579 |
| 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 1902: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-05-16 (142 days); last sold for $215,000 on 2022-12-06.
| Date | Event | Price |
|---|---|---|
| Price changed | $199,000 | |
| Price changed | $203,000 | |
| Price changed | $209,000 | |
| Price changed | $209,900 | |
| Removed | $219,000 | |
| Removed | $224,000 | |
| Removed | $224,000 | |
| Relisted | $189,900 | |
| Removed | — | |
| Listed | $189,900 | |
| Sold | $215,000 | |
| Removed | — | |
| Listed | $212,900 | |
| Removed | $159,900 | |
| Removed | $159,900 | |
| Removed | $159,900 | |
| Removed | — | |
| Relisted | $159,900 | |
| Removed | — | |
| Listed | $159,900 | |
| Removed | $159,900 | |
| Listed | $159,900 | |
| Removed | $149,900 | |
| Removed | $139,900 | |
| Removed | $169,900 |
From the listing Listing
| Listed as | duplex up and down |
| Property tax, 2026 | $4,616 |
| County | Stearns |
| Parcel number | 98610950000 |
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 Waite Park on rental licensing before you buy.