5017-5019 Shoreline Dr

Duplex · 2 units: 3 bed / 1 bath ×2 unit split estimated · 2,412 sq ft

Cash flows

37 photos

Photos, via Realtor.com.

Asking price: $399,000
Monthly cash flow: $1,185
Estimated rent: $5,350/mo
Break-even price: $621,678

Adjust the numbers See the full breakdown

From the listing

Fantastic investment opportunity in Mound! This well-maintained duplex offers two spacious units, each featuring 3 bedrooms and 1 bathroom, making it an excellent addition to a rental portfolio or a great option for an owner-occupant. Both units feature nice updates, comfortable living spaces, and their own private laundry for added convenience. Each unit also has its own garage, providing valuable additional parking and storage. The property sits on a large yard with plenty of outdoor space and a more private setting for tenants to enjoy. Current rents are below market value, offering potential upside for a new owner and an opportunity to increase future rental income. With two 3-bedroom units, separate laundry, garage space for each unit, and a generous yard, this property offers many of the features tenants look for in a rental. Conveniently located in Mound near Lake Minnetonka, parks, shopping, dining, schools, and other area amenities. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this duplex offers a great combination of space, location, privacy, and income potential.

Description from Realtor.com, MLS #7125283. Believed reliable but not guaranteed; confirm with the listing agent. View on Realtor.com ↗

First look

This is a Mound duplex, two 3-bed/1-bath units with a garage and laundry each, asking $399K after 55 days on market. Our underwriting shows about $1,185/mo cash flow and a 10.0% cap rate, but that rests on our $2,675 mid rent per unit, and the listing gives no actual rents. 'Rents below market' could mean the tenants pay far less than that. Get the rent roll, leases and a year of expenses first. The photos show a split-level building with window AC units and no kitchen or mechanical photos of the second unit, so confirm heat and panel details. Taxes are unverified because we couldn't match the parcel, so confirm the tax bill and rental license before a showing.

Things to consider

Income is unverified Cash flow comes from our rent estimate, not actual leases. If tenants pay well below $2,675, the deal weakens quickly.Listing says: “Current rents are below market value, offering potential upside for a new owner”
Units are not equally updated One unit looks refreshed and the other looks dated. Budget for the dated unit before assuming rents match.From photo 10
Taxes and unit count unverified An unmatched parcel means the tax bill is unknown. Investor (non-homestead) taxes can be much higher than the current bill.
Mechanicals and roof unknown The description gives no heat type or system ages. Window ACs and the overhanging trees raise cost questions.From photo 2
Owner-occupant demand Buyers who would live in one unit may compete, and that supports resale value and a wider buyer pool.Listing says: “live in one unit while generating rental income from the other”

From the photos

Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.

Condition and repairs

doneBoth units described as having nice updates; no specific work or dates givenListing says: Both units feature nice updates, comfortable living spaces, and their own private laundry for added convenience.

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: $399,000
Cash to close: $91,770
Price per unit: $199,500
GRM: 6.2

Each month

Cash flow: $1,185/mo
Cash-on-cash: 15.5%
Cap rate: 10.0%
DSCR: 1.56×

Break-even

Price that breaks even: $621,678
Rent that breaks even: $3,831/mo

Long run

Year 30: property vs stocks: $3.57M vs $699K
Cash flow turns positive: year 1

Monthly

Monthly breakdown

Rent	$5,350
Vacancy (6%)	−$321
Collected	$5,029
Property tax Listing	−$434
Insurance Estimate	−$200
Water, sewer, trash Estimate	−$170
Lawn care ($120 × 6 mo ÷ 12)	−$60
Repairs (8% of rent)	−$428
Capital reserve (8% of rent)	−$428
Net operating income	$3,309
Mortgage (principal + interest)	−$2,124
Cash flow	$1,185
Principal paid down (equity, not cash)	$270

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

If you buy this building$3,570,457

Your equity when you sell: $910,369
Rental profits, invested at 7%: $2,660,088

Same money in stocks$698,577

Cash to close, invested at 7%: $698,577

The building comes out $2,871,880 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

This propertyStocks at 7%

Year 30 (loan paid off): property $3.57M, stocks $699K. 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 $2,675/mo · range $2,425–$2,675

Address	Rent	Bd / Ba	Sq ft	Distance	Listed	Match
3713 Livingston Ave, Wayzata 55391 off market	$1,995	3 / 2.5	1,710	1.6 mi	2025-12-15	83%
4626 Kildare Rd, Mound 55364	$4,000	3 / 1	2,130	0.6 mi	2026-08-03	82%
4471 Manitou Rd, Excelsior 55331	$4,400	3 / 1	2,500	3.2 mi	2026-06-17	80%
4435 N Shore Dr, Orono 55364 off market	$4,700	3 / 1.5	2,100	1.3 mi	2026-05-21	78%
4729 Ironwood Cir, Medina 55359 off market	$2,650	3 / 2.5	1,614	4.7 mi	2025-01-10	78%
4834 Hanover Rd, Mound 55364 off market	$2,600	3 / 1	1,768	1.1 mi	2026-06-08	78%
5243-5287 Eden Rd, Mound 55364 off market	$1,749	2 / 1	1,150	0.3 mi	2025-03-25	78%
4760 Ironwood Cir, Medina 55359	$2,999	3 / 3	1,637	4.7 mi	2026-06-30	76%
4760 Ironwood Cir, Maple Plain 55359 off market	$2,999	3 / 3	1,637	4.7 mi	2026-06-30	76%
312 3rd St, Excelsior 55331 off market	$4,500	3 / 1.5	2,300	4.6 mi	2026-02-12	75%

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

highRents are called below market but no actual rents or lease terms are given, so income is unverified. Listing says: Current rents are below market value, offering potential upside for a new owner · 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 5017-5019 SHORELINE DR
mediumCash flow and cap rate depend on our estimated rents, not actual ones. Break-even price is far above ask, which suggests the estimate is generous. Based on: data: underwriting.break_even_price · AI review
mediumTax and unit count are unverified because the parcel didn't match. Taxes could be higher for an investor. Based on: data: rule_flags · AI review
lowLarge trees and a big limb hang over the roofline at the back of the building; check roof, gutters and the limb. Based on: photo 1 · AI review

Opportunities

If current rents truly sit below market, there is room to raise them after a lease turnover. Mound has no rent cap. Listing says: Current rents are below market value, offering potential upside for a new owner · AI review
Owner-occupant option: live in one unit and rent the other, which may open lower-down-payment financing. Listing says: live in one unit while generating rental income from the other · AI review
Private laundry and a garage per unit are strong tenant draws and support rents. Listing says: Each unit also has its own garage, providing valuable additional parking and storage. · AI review

Questions for the agent

What are the actual rents, lease end dates and deposits for each unit?
Who pays heat, electric, water and trash, and are there separate meters?
What are the heat source, furnace and water heater ages, and the roof age?
What were the trailing-12 expenses, and the actual tax bill?
Why has it sat 55 days, and has the price changed?
Is the rental license current, and are both units legally permitted?

Bottom line

The numbers look good on our estimated rents, but with no actual rents or tax record, treat the income as unproven until you see the rent roll. 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.	$5,207
Insurance / yr Estimateestimate. from units, square feet and age; get a quote	$2,403
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. base rate	8% / 8%

Price history Realtor.com

On the market since 2026-08-11 (55 days); down $40,900 (9.3%) from the first ask of $439,900; last sold for $94,000 on 1993-04-01.

Date	Event	Price
2026-09-27	Price changed	$399,000
2026-09-08	Price changed	$415,000
2026-08-11	Listed	$439,900
1993-04-01	Sold public record	$94,000
1985-08-01	Sold public record	$82,000

From the listing Listing

Listed as	duplex side x side
Property tax, 2026	$5,207
County	Hennepin
Parcel number	1311724430002

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 Mound on rental licensing before you buy.