3033 15th Ave S - Financials
Property Financial Snapshot
| Asking Price | $775,000 | NOI | $64,878 / year |
| Cap Rate | 8.37% | Gross Scheduled Rent | $103,080 / year |
| Cash Flow | $1,482 / month | Price Per Unit | $96,875 |
| Price Per Sq Ft | $144 | DSCR | 1.38x |
| Rent to Value Ratio | 1.11% | Gross Rent Multiplier | 13.3 |
Operating Summary
| Income / Expense Item | Monthly | Annually |
| Scheduled Rent | $8,590 | $103,080 |
| Estimated Vacancy (5%) | -$430 | -$5,154 |
| Laundry Income | $107 | $1,280 |
| Effective Gross Income | $8,267 | $99,206 |
| Operating Expenses | -$2,861 | -$34,328 |
| Net Operating Income | $5,406 | $64,878 |
Rent Roll
| Unit | Type | Baths | Monthly Rent | Annual Rent | Resident Paid Utilities | Lease End |
| 301 | 1 BR | 1 | $1,000 | $12,000 | Electricity | Month to Month |
| 302 | 1 BR | 1 | $1,045 | $12,540 | Electricity | Month to Month |
| 303 | Studio | 1 | $950 | $11,400 | Electricity | 3/31/27 |
| 304 | Studio | 1 | $895 | $10,740 | Electricity | 4/30/26 |
| 305 | 1 BR | 1 | $1,050 | $12,600 | Electricity | 5/31/26 |
| 306 | 1 BR | 1 | $1,100 | $13,200 | Electricity | 12/31/26 |
| 307 | 1 BR | 1 | $1,450 | $17,400 | Electricity | 10/31/26 |
| 308 | 1 BR | 1 | $1,100 | $13,200 | Electricity | Month to Month |
| Total | 8 Units | 8 | $8,590 | $103,080 |
Expense Breakdown
| Expense | Monthly | Annually | % of Gross Rent | Notes |
| Property Taxes | $223 | $2,672 | 2.6% | 2026 Actual |
| Insurance | $320 | $3,835 | 3.7% | 2026 Actual |
| Gas | $366 | $4,397 | 4.3% | 2025 Actual Centerpoint Energy |
| Electricity | $49 | $587 | 0.6% | 2025 Actual Xcel Energy |
| Water & Sewer | $397 | $4,767 | 4.6% | 2025 Actual City of Minneapolis |
| Trash | $239 | $2,871 | 2.8% | 2025 Actual |
| Routine Maintenance | $430 | $5,154 | 5.0% | Varies Estimated at 5% |
| Property Management | $515 | $6,185 | 6.0% | Currently Self Managed Estimated at 6% |
| Caretaker | $295 | $3,540 | 3.4% | Unit 302 receives $295 / month off Effectively pays $750 / month |
| Admin | $27 | $320 | 0.3% | Rental License - Tier 1 4d Registration |
| Total Operating Expenses | $2,861 | $34,328 | 38.6% |
Example Financing Scenario
| Sales Price | $775,000 |
| Down Payment (25%) | $193,750 |
| New Financing | $581,250 |
| Example Financing at 6.5%, amortized over 25 years* Buyer must confirm available financing with their lender. |
$3,925 / month | $47,096 / year |
| Estimated Cash Flow | $1,482 / month | $17,782 / year |
| Debt Coverage Ratio | 1.38x |
Information is deemed reliable but not guaranteed. Buyer and Buyer's agent to verify all details.
