Cash flows11 days on market
427 Jefferson St, Red Wing
Duplex · 2 units: 2 bed / 1 bath ×2 unit split estimated · 1,676 sq ft · View the listing ↗
Photos, via Realtor.com.
+$319 monthly cash flow
After every cost, including reserves for vacancy and repairs, this duplex puts about $319 a month in your pocket. That’s a 7.4% yearly return on the $51,750 you’d put in.
At $225,000, 20% down, 7.00% for 30 years, self-managed.
- Cash-on-cash return
- 7.4% Yearly cash flow ÷ cash in
- Cap rate
- 8.1% Return if you paid all cash
- Cash to close
- $51,750 Down payment + closing costs
- Break-even price
- $284,975 Most you can pay and still cash flow
The listing, and how its numbers compare
MLS #7158553What the seller says
With its desirable residential location, an updated unit, and established rental income, this duplex is a fantastic investment opportunity! The W 5th Street-side unit has been completely updaated, featuring fresh paint, new flooring, updated appliances, added central AC, and a bright, open-concept living room with a large picture window that fills the space with natural light. The brand-new kitchen boasts modern appliances and a beautiful butcher-block island, while a versatile bonus room with laundry offers the perfect space for a home office, den, or small bedroom. Upstairs, you'll find two spacious bedrooms and a brand-new full bathroom. The current lease for this unit runs through June 2027. The Jefferson Street-side unit features a living room, informal dining area, and eat-in kitchen on the main level. Upstairs, you'll find a bedroom and a 3/4 bathroom. This unit is on a month-to-month lease. Both units are currently rented, providing immediate rental income. Both also feature unfinished basements for extra storage, and tenants pay their own gas and electric. Outside, enjoy the shared L-shaped front porch, a backyard and side yard, plus a detached two-car garage and gravel driveway offering convenient off-street parking.
The seller’s numbers vs. ours (yearly)
| Line | Seller | Boardwalk |
|---|---|---|
| Gross income | $30,000 | — |
| Property tax | $2,932 (2026) | — |
| Water and sewer | $1,680 | — |
| Trash | $720 | — |
| Operating expenses | $2,400 | — |
| Net operating income | $27,600 | — |
Seller’s figures as stated in the listing. Ours include vacancy and reserves, and update with your edits.
The building
- Type
- Duplex Side X Side
- Year built
- 1890
- Living area
- 1,676 sq ft
- Exterior
- Shakes
- Roof
- Asphalt Shingles
- Basement
- Unfinished
- Laundry
- In Unit
Systems and utilities
- Heating
- Forced Air · Natural Gas
- Water / sewer
- City Water · City Sewer
- Tenants pay
- Electricity, Gas
- Owner pays
- Trash Collection, Water
Parking and lot
- Garage
- 2 spaces
- Parking
- Detached Garage, Driveway - Gravel
- Lot
- 0.14 acres · 60x100
- Outdoor
- Porch
- Zoning
- Residential-Multi-Family
Description and facts from Realtor.com. View on Realtor.com ↗
The model: change anything
Every input shows where it came from. Edit one and the whole page updates.
Each month
| Rent | $2,850 |
| Vacancy | −$171 |
| Property tax | −$244 |
| Insurance | −$203 |
| Water, sewer, trash | −$170 |
| Repairs and capital reserve | −$484 |
| Net operating income | $1,517 |
| Mortgage (principal + interest) | −$1,198 |
| Cash flow | $319 |
Detailed assumptions
30 years: this building vs. the same money in stocks
The building comes out $1.06M aheadYear 30 (loan paid off): this building $1,452,816, the same money in stocks $393,934.
Monthly cash flow, year 1 to year 30
See it as a line: this building vs. stocks, year by year
Rents +3% a year, costs +3.5%, value +3%, stocks 7%, 6% to sell. Future dollars: at 3% inflation, divide year-30 figures by about 2.4 for today’s buying power. Red bars are months you’d cover out of pocket.
Rent estimate and comparable rentals
2 bed: $1,425/mo · range $1,225–$1,675 · 10 rentals within 1 mi · medium confidence
Median asking rent of nearby rentals with the same bedroom count (within 1 mile): for rent now or leased in the last 3 years (past rents brought to today at 3% a year), from Realtor.com rental listings. Range is the middle half of those rents. Asking rents, not signed leases. Adjustments: $25/unit (garage mentioned in the description). Rent rules: No rent cap.
| Address | Rent | Bd / Ba | Distance |
|---|---|---|---|
| 725 Featherstone Rd, Red Wing | $1,030 | 2 / 1 | 0.2 mi |
| 2000 Old West Main St, Red Wing | $1,695 | 2 / 1 | 0.5 mi |
| 821 W 5th St Apt 2, Red Wing | $1,164asked $1,150 | 2 / 1 | 0.6 mi |
| 821 W 5th St Apt 5, Red Wing | $1,210asked $1,200 | 2 / 1 | 0.6 mi |
| 821 W 5th St Apt 4, Red Wing | $1,353asked $1,350 | 2 / 1 | 0.6 mi |
| 821 W 5th St Apt 3, Red Wing | $1,259asked $1,250 | 2 / 1 | 0.6 mi |
| 222 Bush St, Red Wing | $1,450 | 2 / 1 | 0.8 mi |
| 222 Bush St Apt 111, Red Wing | $1,468asked $1,450 | 2 / 1 | 0.8 mi |
| 222 Bush St Apt 115, Red Wing | $1,703asked $1,690 | 2 / 1 | 0.8 mi |
| 480 8th St W Unit 103, Red Wing | $1,650 | 2 / 1 | 0.9 mi |
Asking rents from Realtor.com listings, not signed leases.
Red flags and opportunities
Serious changes whether this is a good buy and keeps it out of our top picks. Check means ask before an offer. Minor is worth knowing. Each one shows its source.
Watch for
- minorMonth-to-month tenants can leave quickly. Count on turnover soon after closing. Listing says: "a 3/4 bathroom. This unit is on a month-to-month lease. Both units are currently rented, providing immediate"
Opportunities
None found.
Questions for the agent
- Can we see the current leases and a rent roll, with move-in dates?
- What did water/sewer/trash, heat and electric cost the owner over the last 12 months?
- How old are the roof, boiler or furnaces, water heaters and electrical panels?
- Is the building licensed as a rental for this many units, and when was the last city inspection?
- Any special assessments pending, and will the seller pay them off at closing?
Standard questions worth asking about any building.
What the records say
Price history · Realtor.com
On the market since 2026-10-22 (11 days); last sold for $90,000 on 2023-06-01.
| Date | Event | Price |
|---|---|---|
| Listed | $225,000 | |
| Sold | $90,000 | |
| Sold public record | $45,000 | |
| Sold public record | $45,000 |
From the listing
| Listed as | Duplex side x side |
| Property tax, 2026 | $2,932 |
| County | Goodhue |
| Parcel number | 555351350 |
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 Red Wing on rental licensing before you buy.
Location
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Educational analysis, not financial, legal or real estate advice. AI-assisted first read of the listing description and photos, checked against public records. Verify with the agent, leases and an inspection. Prepared 2026-11-02.