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Twin Cities suburbs › Saint Louis Park

Saint Louis Park

Twin Cities suburbs 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
5
Median price per unit
$308K
Typical cash flow
−$536
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.

Map

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.

Duplex
−$1,343/mo cash flow
Overpriced · cap 4.5% · 20% down
$849,900
2 units8 bd4 ba2,500 sqft
3724 Joppa Ave S, Saint Louis Park
Rents: 9 rentals within 4.25 mi

Ways to slice it

Best cash flow now

Monthly cash flow at 20% down.

  1. 3998 Brunswick Ave S serious flag −$246/mo
  2. 6024 W 35th St serious flag −$295/mo
  3. 5727 Goodrich Ave serious flag −$536/mo
  4. 3724 Joppa Ave S −$1,343/mo
  5. 3813 Brunswick Ave S serious flag −$1,354/mo

Best long-term

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

  1. 3998 Brunswick Ave S serious flag 2.10× stocks
  2. 6024 W 35th St serious flag 2.00× stocks
  3. 5727 Goodrich Ave serious flag 1.60× stocks
  4. 3724 Joppa Ave S 1.08× stocks
  5. 3813 Brunswick Ave S serious flag 0.74× stocks

Value-add

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

  1. 3724 Joppa Ave S Long time on market: room to negotiate.

Proceed with caution

Decent numbers, serious flags.

  1. 6024 W 35th St Price is well above what the rents support; underwriting is cash-flow negative at ask.
  2. 3998 Brunswick Ave S Income is mid-term furnished rental, not standard long-term leases.
  3. 5727 Goodrich Ave No rents, lease status or occupancy given, so income is unverified

All listings

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

  1. 6024 W 35th St

    $600,000 · 2 units
    Close
    Cash flow −$295/mo Cap 5.8% Break-even price $544K Yr 30 vs stocks 2.00× Positive in yr 5

    Nice layout and likely strong rental demand, but at $600K it loses money on paper, so the price needs to fall toward $545K or you should buy it to live in.

    Price is well above what the rents support; underwriting is cash-flow negative at ask.

  2. 3998 Brunswick Ave S

    $629,000 · 2 units
    Close
    Cash flow −$246/mo Cap 5.9% Break-even price $583K Yr 30 vs stocks 2.10× Positive in yr 4

    Nicely updated, but the numbers rely on mid-term rental income and don't work at $629K with long-term rents.

    Income is mid-term furnished rental, not standard long-term leases. It may be volatile and may not be a normal lease-based rent roll.

  3. 5727 Goodrich Ave

    $595,000 · 2 units
    Close
    Cash flow −$536/mo Cap 5.3% Break-even price $494K Yr 30 vs stocks 1.60× Positive in yr 8

    Nicely kept duplex with solid unit sizes, but it's priced well above break-even with no rents disclosed, so verify income before spending time on it.

    No rents, lease status or occupancy given, so income is unverified

  4. 3724 Joppa Ave S

    $849,900 · 2 units
    Overpriced
    Cash flow −$1,343/mo Cap 4.5% Break-even price $598K Yr 30 vs stocks 1.08× Positive in yr 14

    Beautiful turnkey duplex, but at $849,900 the rents don't come close to covering it, so only bid far lower.

  5. 3813 Brunswick Ave S

    $615,000 · 2 units
    Far off
    Cash flow −$1,354/mo Cap 3.7% Break-even price $361K Yr 30 vs stocks 0.74× Positive in yr 22

    Nice-looking renovated duplex, but at $615K it loses over $1,300 a month as a rental, so it only works as an owner-occupant deal or at a much lower price.

    Price is far above what rents support; negative cash flow at ask

Monthly cash flow

−$1,500−$1,000−$500$0break-even3998 Brunswick Ave S−$2466024 W 35th St−$2955727 Goodrich Ave−$5363724 Joppa Ave S−$1,3433813 Brunswick Ave S−$1,354

What's changing

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