313 7th St S
Duplex · 2 units: 4 bed / 1 bath and 3 bed / 1 bath unit split estimated · 3,600 sq ft
Moorhead, MN · View the listing ↗
Photos courtesy of JK Property Partners, via Realtor.com.
- Asking price
- $245,000 2 units · $122K per unit
- Monthly cash flow
- −$413 at 20% down, 7%
- Estimated rent
- $2,225/mo medium confidence
- Break-even price
- $167,452 where cash flow hits $0
First look
This is a 3-bed over 4-bed duplex in Moorhead, asking $245K with both units rented at $1,365, so $2,730 a month gross. Our underwriting shows about -$413 a month at 20% down and a 4.4% cap rate, and break-even is near $167K, so it doesn't work at the ask. The stated rents are above our estimates of about $1,100 for each unit, so first find out whether they are real and backed by leases. Also ask about taxes, since we couldn't match a county parcel. The new boiler is a plus, but 62 days on market and the numbers say to negotiate hard or pass unless the rent roll and expenses hold up.
Things to consider
- Price is far above break-even At the ask, cash flow is negative and the price needs to drop a lot to work. That's the main issue here.
- Rents run above our estimates If actual rents are nearer $1,100, income falls and the deal gets worse. Verify with leases and bank deposits.Listing says: “Unit 2 - rented for $1365/mo”
- Tenants pay all utilities This reduces owner expenses, but confirm separate meters and heating for each unit.Listing says: “ALL utilities paid by tenants!?”
- Taxes and unit legality unverified We couldn't match a parcel, so taxes and rental licensing are unknown. They could change cash flow and legality.
- Large units mean heavy wear Seven bedrooms across two units means higher turnover and repair costs. Budget reserves accordingly.Listing says: “has 4 bedrooms, 1 bathroom, and updated kitchen”
From the photos
Based on 3 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
Rents the listing states
- Unit 1: $1,365Listing says: Unit 1 - rented for $1365/mo
- Unit 2: $1,365Listing says: Unit 2 - rented for $1365/mo
Condition and repairs
- doneUnit 1 recent update (details not given)Listing says: recently updated and includes 3 large bedrooms
- doneUnit 2 kitchen updatedListing says: has 4 bedrooms, 1 bathroom, and updated kitchen
- doneNew boilerListing says: Brand New boiler Spring 2024
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
- $245,000
- Cash to close
- $31,850
- Price per unit
- $122,500
- GRM
- 9.2
Each month
- Cash flow
- −$714/mo
- Cash-on-cash
- −26.9%
- Cap rate
- 4.4%
- DSCR
- 0.56×
Break-even
- Price that breaks even
- $136,064
- Rent that breaks even
- $3,152/mo
Long run
- Year 30: property vs stocks
- $582K vs $661K
- Cash flow turns positive
- year 22
The deal
- Price
- $245,000
- Cash to close
- $31,850
- Price per unit
- $122,500
- GRM
- 9.2
Each month
- Cash flow
- −$902/mo
- Cash-on-cash
- −34.0%
- Cap rate
- 3.4%
- DSCR
- 0.44×
Break-even
- Price that breaks even
- $107,327
- Rent that breaks even
- $3,541/mo
Long run
- Year 30: property vs stocks
- $559K vs $930K
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $235,000
- Cash to close
- $30,550
- Price per unit
- $117,500
- GRM
- 8.8
Each month
- Cash flow
- −$648/mo
- Cash-on-cash
- −25.5%
- Cap rate
- 4.6%
- DSCR
- 0.58×
Break-even
- Price that breaks even
- $136,064
- Rent that breaks even
- $3,067/mo
Long run
- Year 30: property vs stocks
- $570K vs $591K
- Cash flow turns positive
- year 20
The deal
- Price
- $235,000
- Cash to close
- $30,550
- Price per unit
- $117,500
- GRM
- 8.8
Each month
- Cash flow
- −$836/mo
- Cash-on-cash
- −32.8%
- Cap rate
- 3.6%
- DSCR
- 0.46×
Break-even
- Price that breaks even
- $107,327
- Rent that breaks even
- $3,445/mo
Long run
- Year 30: property vs stocks
- $536K vs $851K
- Cash flow turns positive
- not within 30 years
The deal
- Price
- $245,000
- Cash to close
- $56,350
- Price per unit
- $122,500
- GRM
- 9.2
Each month
- Cash flow
- −$413/mo
- Cash-on-cash
- −8.8%
- Cap rate
- 4.4%
- DSCR
- 0.68×
Break-even
- Price that breaks even
- $167,452
- Rent that breaks even
- $2,761/mo
Long run
- Year 30: property vs stocks
- $616K vs $654K
- Cash flow turns positive
- year 17
The deal
- Price
- $245,000
- Cash to close
- $56,350
- Price per unit
- $122,500
- GRM
- 9.2
Each month
- Cash flow
- −$601/mo
- Cash-on-cash
- −12.8%
- Cap rate
- 3.4%
- DSCR
- 0.54×
Break-even
- Price that breaks even
- $132,086
- Rent that breaks even
- $3,102/mo
Long run
- Year 30: property vs stocks
- $560K vs $890K
- Cash flow turns positive
- year 28
The deal
- Price
- $235,000
- Cash to close
- $54,050
- Price per unit
- $117,500
- GRM
- 8.8
Each month
- Cash flow
- −$360/mo
- Cash-on-cash
- −8.0%
- Cap rate
- 4.6%
- DSCR
- 0.71×
Break-even
- Price that breaks even
- $167,452
- Rent that breaks even
- $2,692/mo
Long run
- Year 30: property vs stocks
- $609K vs $592K
- Cash flow turns positive
- year 15
The deal
- Price
- $235,000
- Cash to close
- $54,050
- Price per unit
- $117,500
- GRM
- 8.8
Each month
- Cash flow
- −$548/mo
- Cash-on-cash
- −12.2%
- Cap rate
- 3.6%
- DSCR
- 0.56×
Break-even
- Price that breaks even
- $132,086
- Rent that breaks even
- $3,024/mo
Long run
- Year 30: property vs stocks
- $540K vs $815K
- Cash flow turns positive
- year 26
The deal
- Price
- $245,000
- Cash to close
- $68,600
- Price per unit
- $122,500
- GRM
- 9.2
Each month
- Cash flow
- −$331/mo
- Cash-on-cash
- −5.8%
- Cap rate
- 4.4%
- DSCR
- 0.73×
Break-even
- Price that breaks even
- $178,615
- Rent that breaks even
- $2,655/mo
Long run
- Year 30: property vs stocks
- $642K vs $680K
- Cash flow turns positive
- year 14
The deal
- Price
- $245,000
- Cash to close
- $68,600
- Price per unit
- $122,500
- GRM
- 9.2
Each month
- Cash flow
- −$519/mo
- Cash-on-cash
- −9.1%
- Cap rate
- 3.4%
- DSCR
- 0.58×
Break-even
- Price that breaks even
- $140,891
- Rent that breaks even
- $2,983/mo
Long run
- Year 30: property vs stocks
- $565K vs $896K
- Cash flow turns positive
- year 25
The deal
- Price
- $235,000
- Cash to close
- $65,800
- Price per unit
- $117,500
- GRM
- 8.8
Each month
- Cash flow
- −$281/mo
- Cash-on-cash
- −5.1%
- Cap rate
- 4.6%
- DSCR
- 0.76×
Break-even
- Price that breaks even
- $178,615
- Rent that breaks even
- $2,590/mo
Long run
- Year 30: property vs stocks
- $639K vs $622K
- Cash flow turns positive
- year 13
The deal
- Price
- $235,000
- Cash to close
- $65,800
- Price per unit
- $117,500
- GRM
- 8.8
Each month
- Cash flow
- −$470/mo
- Cash-on-cash
- −8.6%
- Cap rate
- 3.6%
- DSCR
- 0.60×
Break-even
- Price that breaks even
- $140,891
- Rent that breaks even
- $2,910/mo
Long run
- Year 30: property vs stocks
- $546K vs $823K
- Cash flow turns positive
- year 24
Monthly
Monthly breakdown
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Net operating income | $891 |
| Mortgage (principal + interest) | −$1,467 |
| PMI | −$138 |
| Cash flow | −$714 |
| Principal paid down (equity, not cash) | $187 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Property management | −$188 |
| Net operating income | $703 |
| Mortgage (principal + interest) | −$1,467 |
| PMI | −$138 |
| Cash flow | −$902 |
| Principal paid down (equity, not cash) | $187 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Net operating income | $891 |
| Mortgage (principal + interest) | −$1,407 |
| PMI | −$132 |
| Cash flow | −$648 |
| Principal paid down (equity, not cash) | $179 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Property management | −$188 |
| Net operating income | $703 |
| Mortgage (principal + interest) | −$1,407 |
| PMI | −$132 |
| Cash flow | −$836 |
| Principal paid down (equity, not cash) | $179 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Net operating income | $891 |
| Mortgage (principal + interest) | −$1,304 |
| Cash flow | −$413 |
| Principal paid down (equity, not cash) | $166 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Property management | −$188 |
| Net operating income | $703 |
| Mortgage (principal + interest) | −$1,304 |
| Cash flow | −$601 |
| Principal paid down (equity, not cash) | $166 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Net operating income | $891 |
| Mortgage (principal + interest) | −$1,251 |
| Cash flow | −$360 |
| Principal paid down (equity, not cash) | $159 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Property management | −$188 |
| Net operating income | $703 |
| Mortgage (principal + interest) | −$1,251 |
| Cash flow | −$548 |
| Principal paid down (equity, not cash) | $159 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Net operating income | $891 |
| Mortgage (principal + interest) | −$1,222 |
| Cash flow | −$331 |
| Principal paid down (equity, not cash) | $156 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Property management | −$188 |
| Net operating income | $703 |
| Mortgage (principal + interest) | −$1,222 |
| Cash flow | −$519 |
| Principal paid down (equity, not cash) | $156 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Net operating income | $891 |
| Mortgage (principal + interest) | −$1,173 |
| Cash flow | −$281 |
| Principal paid down (equity, not cash) | $149 |
| Rent | $2,225 |
| Vacancy (6%) | −$134 |
| Collected | $2,092 |
| Property tax Listing | −$344 |
| Insurance Estimate | −$248 |
| Water, sewer, trash Estimate | −$170 |
| Lawn care ($120 × 6 mo ÷ 12) | −$60 |
| Repairs (8% of rent) | −$178 |
| Capital reserve (9% of rent) | −$200 |
| Property management | −$188 |
| Net operating income | $703 |
| Mortgage (principal + interest) | −$1,173 |
| Cash flow | −$470 |
| Principal paid down (equity, not cash) | $149 |
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
- $558,998
- Rental profits, invested at 7%
- $23,403
Sells for $594,679 (value up 3% a year), minus 6% selling cost ($35,681). Rent paid down $220,500 of loan.
$19,480 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $242,450
- Monthly shortfalls, invested
- $418,282
$31,850 put into an index fund instead of the down payment and closing costs.
$85,315 you'd have paid in while the building lost money, invested instead.
Stocks come out $78,331 ahead after 30 years.
- Your equity when you sell
- $558,998
- Rental profits, invested at 7%
- $0
Sells for $594,679 (value up 3% a year), minus 6% selling cost ($35,681). Rent paid down $220,500 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $242,450
- Monthly shortfalls, invested
- $687,678
$31,850 put into an index fund instead of the down payment and closing costs.
$173,300 you'd have paid in while the building lost money, invested instead.
Stocks come out $371,130 ahead after 30 years.
- Your equity when you sell
- $536,183
- Rental profits, invested at 7%
- $33,544
Sells for $570,407 (value up 3% a year), minus 6% selling cost ($34,224). Rent paid down $211,500 of loan.
$26,767 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $232,554
- Monthly shortfalls, invested
- $358,810
$30,550 put into an index fund instead of the down payment and closing costs.
$70,777 you'd have paid in while the building lost money, invested instead.
Stocks come out $21,638 ahead after 30 years.
- Your equity when you sell
- $536,183
- Rental profits, invested at 7%
- $0
Sells for $570,407 (value up 3% a year), minus 6% selling cost ($34,224). Rent paid down $211,500 of loan.
$0 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $232,554
- Monthly shortfalls, invested
- $618,065
$30,550 put into an index fund instead of the down payment and closing costs.
$151,474 you'd have paid in while the building lost money, invested instead.
Stocks come out $314,438 ahead after 30 years.
- Your equity when you sell
- $558,998
- Rental profits, invested at 7%
- $57,239
Sells for $594,679 (value up 3% a year), minus 6% selling cost ($35,681). Rent paid down $196,000 of loan.
$42,279 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $428,951
- Monthly shortfalls, invested
- $224,714
$56,350 put into an index fund instead of the down payment and closing costs.
$42,820 you'd have paid in while the building lost money, invested instead.
Stocks come out $37,426 ahead after 30 years.
- Your equity when you sell
- $558,998
- Rental profits, invested at 7%
- $1,165
Sells for $594,679 (value up 3% a year), minus 6% selling cost ($35,681). Rent paid down $196,000 of loan.
$1,135 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $428,951
- Monthly shortfalls, invested
- $461,439
$56,350 put into an index fund instead of the down payment and closing costs.
$109,139 you'd have paid in while the building lost money, invested instead.
Stocks come out $330,225 ahead after 30 years.
- Your equity when you sell
- $536,183
- Rental profits, invested at 7%
- $73,254
Sells for $570,407 (value up 3% a year), minus 6% selling cost ($34,224). Rent paid down $188,000 of loan.
$51,837 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $411,442
- Monthly shortfalls, invested
- $180,397
$54,050 put into an index fund instead of the down payment and closing costs.
$33,217 you'd have paid in while the building lost money, invested instead.
The building comes out $17,597 ahead after 30 years.
- Your equity when you sell
- $536,183
- Rental profits, invested at 7%
- $3,623
Sells for $570,407 (value up 3% a year), minus 6% selling cost ($34,224). Rent paid down $188,000 of loan.
$3,381 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $411,442
- Monthly shortfalls, invested
- $403,565
$54,050 put into an index fund instead of the down payment and closing costs.
$92,225 you'd have paid in while the building lost money, invested instead.
Stocks come out $275,202 ahead after 30 years.
- Your equity when you sell
- $558,998
- Rental profits, invested at 7%
- $82,997
Sells for $594,679 (value up 3% a year), minus 6% selling cost ($35,681). Rent paid down $183,750 of loan.
$57,361 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $522,201
- Monthly shortfalls, invested
- $158,089
$68,600 put into an index fund instead of the down payment and closing costs.
$28,562 you'd have paid in while the building lost money, invested instead.
Stocks come out $38,294 ahead after 30 years.
- Your equity when you sell
- $558,998
- Rental profits, invested at 7%
- $5,580
Sells for $594,679 (value up 3% a year), minus 6% selling cost ($35,681). Rent paid down $183,750 of loan.
$5,081 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $522,201
- Monthly shortfalls, invested
- $373,471
$68,600 put into an index fund instead of the down payment and closing costs.
$83,746 you'd have paid in while the building lost money, invested instead.
Stocks come out $331,093 ahead after 30 years.
- Your equity when you sell
- $536,183
- Rental profits, invested at 7%
- $102,524
Sells for $570,407 (value up 3% a year), minus 6% selling cost ($34,224). Rent paid down $176,250 of loan.
$67,876 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $500,886
- Monthly shortfalls, invested
- $121,055
$65,800 put into an index fund instead of the down payment and closing costs.
$21,114 you'd have paid in while the building lost money, invested instead.
The building comes out $16,764 ahead after 30 years.
- Your equity when you sell
- $536,183
- Rental profits, invested at 7%
- $10,291
Sells for $570,407 (value up 3% a year), minus 6% selling cost ($34,224). Rent paid down $176,250 of loan.
$8,958 of cash flow over 30 years, plus what it earned invested.
- Cash to close, invested at 7%
- $500,886
- Monthly shortfalls, invested
- $321,621
$65,800 put into an index fund instead of the down payment and closing costs.
$69,660 you'd have paid in while the building lost money, invested instead.
Stocks come out $276,034 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 $582K, stocks $661K. Stocks win.
Year 30 (loan paid off): property $559K, stocks $930K. Stocks win.
Year 30 (loan paid off): property $570K, stocks $591K. Stocks win.
Year 30 (loan paid off): property $536K, stocks $851K. Stocks win.
Year 30 (loan paid off): property $616K, stocks $654K. Stocks win.
Year 30 (loan paid off): property $560K, stocks $890K. Stocks win.
Year 30 (loan paid off): property $609K, stocks $592K. The property wins.
Year 30 (loan paid off): property $540K, stocks $815K. Stocks win.
Year 30 (loan paid off): property $642K, stocks $680K. Stocks win.
Year 30 (loan paid off): property $565K, stocks $896K. Stocks win.
Year 30 (loan paid off): property $639K, stocks $622K. The property wins.
Year 30 (loan paid off): property $546K, stocks $823K. Stocks win.
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.
4 bed / 1 bath estimate $1,100/mo · range $850–$1,375
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 716 4th St S, Fargo, ND 58103 off market | $1,025 | 3 / 1 | 0.8 mi | 83% |
| 1011 18 1/2 St S, Moorhead 56560 | $925 | 3 / 1 | 1.0 mi | 83% |
| 1007 18 1/2 St S, Moorhead 56560 off market | $925 | 3 / 1 | 1.0 mi | 83% |
| 1802 12th Ave S, Moorhead 56560 | $925 | 3 / 1 | 1.1 mi | 83% |
| 1114 18th St S, Moorhead 56560 off market | $925 | 3 / 1 | 1.0 mi | 83% |
| 1115 18 1/2 St S, Moorhead 56560 off market | $925 | 3 / 1 | 1.1 mi | 83% |
| 1810 12th Ave S, Moorhead 56560 | $925 | 3 / 1 | 1.1 mi | 83% |
| 808 7th St N, Fargo, ND 58102 off market | $900 | 3 / 1 | 1.4 mi | 82% |
| 411 4th Ave S, Apt 3, Moorhead 56560 off market | $1,595 | 5 / 2 | 0.2 mi | 80% |
| 802 7th Ave S, Apt 5, Moorhead 56560 off market | $1,595 | 3 / 2 | 0.3 mi | 79% |
3 bed / 1 bath estimate $1,125/mo · range $850–$1,400
| Address | Rent | Bd / Ba | Distance | Match |
|---|---|---|---|---|
| 716 4th St S, Fargo, ND 58103 off market | $1,025 | 3 / 1 | 0.8 mi | 93% |
| 1011 18 1/2 St S, Moorhead 56560 | $925 | 3 / 1 | 1.0 mi | 92% |
| 1007 18 1/2 St S, Moorhead 56560 off market | $925 | 3 / 1 | 1.0 mi | 92% |
| 1802 12th Ave S, Moorhead 56560 | $925 | 3 / 1 | 1.1 mi | 92% |
| 1114 18th St S, Moorhead 56560 off market | $925 | 3 / 1 | 1.0 mi | 92% |
| 1115 18 1/2 St S, Moorhead 56560 off market | $925 | 3 / 1 | 1.1 mi | 92% |
| 1810 12th Ave S, Moorhead 56560 | $925 | 3 / 1 | 1.1 mi | 92% |
| 808 7th St N, Fargo, ND 58102 off market | $900 | 3 / 1 | 1.4 mi | 92% |
| 802 7th Ave S, Apt 5, Moorhead 56560 off market | $1,595 | 3 / 2 | 0.3 mi | 89% |
| 808 7th Ave S, Apt 3, Moorhead 56560 off market | $1,695 | 3 / 2 | 0.3 mi | 89% |
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
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 313 7TH ST S
- mediumAsking is $77,548 above the price where cash flow breaks even ($167,452) at the default scenario. Based on: Derived: price $245,000 vs. break-even $167,452
- mediumStated rents are well above our estimates (~$1,100 each). Verify with leases and deposits. Based on: data: rent_estimate · AI review
- mediumTaxes unknown. Unverified taxes could widen the cash flow gap. Based on: data: county.tax · AI review
- mediumLease terms are not given for either unit. Get lease end dates. Listing says: Unit 1 - rented for $1365/mo · AI review
- lowUnit 2 laundry is in the unfinished basement. Check shared access, privacy and moisture between the units. Listing says: Basement is unfinished with laundry for unit 2. · AI review
Opportunities
- Tenants pay all utilities, so owner costs are lower. Confirm each unit is separately metered. Listing says: ALL utilities paid by tenants!? · AI review
- New boiler lowers near-term heat system risk. Listing says: Brand New boiler Spring 2024. · AI review
- 62 days on market gives room to negotiate toward break-even. Based on: data: listing.days_on_market · AI review
Questions for the agent
- Can I see both leases, start and end dates, and proof of rent payments?
- Are there separate meters and heating for each unit, given there is one new boiler?
- What are the annual property taxes and any special assessments?
- What did the Unit 1 update include, and who did the work, with permits?
- How old are the roof, electrical panel and water heater?
- Is the property a licensed rental in Moorhead, and why has it sat 62 days?
Bottom line
Rents are solid on paper, but at $245K this loses money each month, so it's only worth a look at a much lower price with verified leases. AI-assisted summary
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. | $4,134 |
| Insurance / yr Estimateestimate. from units, square feet and age; get a quote | $2,970 |
| 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 1900: +1 pt capital reserve | 8% / 9% |
Price history Realtor.com
On the market since 2026-06-28 (99 days, relisted 1×); down $4,000 (1.6%) from the first ask of $249,000; last sold for $211,136 on 2025-03-03; listed for rent at $1,095/mo on 2016-12-27.
| Date | Event | Price |
|---|---|---|
| Listed | $245,000 | |
| Removed | $235,000 | |
| Removed | $249,000 | |
| Removed | — | |
| Sold public record | $211,136 | |
| Listed | $235,000 | |
| Removed | — | |
| Listed | $235,000 | |
| Removed | — | |
| Price changed | $235,000 | |
| Price changed | $240,000 | |
| Price changed | $245,000 | |
| Price changed | $247,000 | |
| Removed | — | |
| Listed | $249,000 | |
| Relisted | $249,000 | |
| Removed | — | |
| Listed | $249,000 | |
| Removed | — | |
| Sold public record | $220,000 | |
| Removed | — | |
| Listed | $225,000 | |
| Sold public record | $178,900 | |
| Removed | $178,900 | |
| Listed | $178,900 |
From the listing Listing
| Listed as | duplex up and down |
| Property tax, 2025 | $4,134 |
| County | Clay |
| Parcel number | 585752380 |
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 Moorhead on rental licensing before you buy.