1414 2nd St S · St. Cloud, MN 56301

$190,000

4 bd · 1.0 ba · 1,412 sqft · SingleFamily · 32 Days on market

Built 1920 3,049 sqft lot

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +16.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• 1% rule +3.7/10.0
• Rent growth +3.3/5.0
• Schools +2.8/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful Ranch style home in a great location and close to Lake George, restaurants, shops, parks, the library and more! Enclosed front porch where you can enjoy your morning coffee and concrete sidewalks for evening walks! There is also a paver stone patio area between the garage and house for some outdoor entertaining/BBQing! It is a shared garage with the neighbor and there is a wall inside separating the middle of the garage. The yard is landscaped with perennials and it requires minimal maintenance! The home features hardwood floors, a formal dining room, 2 main-level bedrooms, 2 lower-level bedrooms and plenty of storage space!! Be sure to check out the interactive 3-D virtual tour link and schedule your showing today.!

Key facts

• Ample storage space
• One car garage
• Dining room

Tags

• CONVERTED INTO A RENTAL
• HARDWOOD FLOORS
• DINING ROOM
• AMPLE STORAGE SPACE
• ENCLOSED FRONT PORCH
• ONE CAR GARAGE

Property features AI

Exterior

• Parking: Shared garage/stall with garage door opener; 1-car garage (approx. 12 x 20)
• Utilities: City water connected; City sewer connected; Natural gas; Circuit breaker electrical
• Home design: Residential property; One level; Main level primary bedroom
• Construction: Block foundation
• Exterior features: Front porch; Stucco exterior; Public transit within 6 blocks; City street with curbs and sidewalks; Publicly maintained road

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 4 bedrooms total; Main floor bedroom; Two lower-level bedrooms
• Flooring: Hardwood floors
• Bathrooms: Main floor full bathroom
• Heating & cooling: Forced air heating; No central air
• Interior features: Finished full basement with egress windows; Natural woodwork; Kitchen window; Main floor primary bedroom; Patio; Hardwood floors
• Laundry & utility: Washer; Dryer; Laundry on lower level

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $105 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $165k (12.9% below list).
• Recommended offer: $165k (12.9% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 3.9% in St. Cloud — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• St. Cloud Public School District (urban): math 27% / reading 38% proficiency, ranked #264 of 301 in MN (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Lincoln Elementary (math 9% / reading 17%, grade F, #799 of 857 statewide, top 93%, 396 students, 92% FRL); South Junior High (math 24% / reading 37%, grade F, #192 of 258 statewide, top 77%, 867 students, 73% FRL); Technical Senior High (math 27% / reading 46%, grade F, #298 of 471 statewide, top 63%, 1,515 students, 67% FRL) — zoned schools average 77% FRL vs 48% district-wide (29 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+3.4%/yr); 220 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 661 units permitted in Stearns County in 2024 (291 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Stearns County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 32 days — a 3% lower offer ($184k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 29y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $120k; list at $190k implies a 58% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $165,461 (12.9% below list)

Questions for the listing agent

1. It's been on market 32 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.87% ✗
• Cap rate: 6.96%
• Cash-on-cash: 2.38%
• DSCR: 1.11
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.38% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.56×
• Total profit: $-23,482
• Equity at exit: $28,330

10-year hold

• IRR: -2.6%
• Equity multiple: 0.82×
• Total profit: $-9,352
• Equity at exit: $16,428

Cash invested: $53,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 46 Balanced
• State Minnesota: 46 Balanced · D+2
• County: — inherits STATE
• City: — inherits STATE

2024 reforms strengthened tenant protections; ramsey/hennepin courts paced moderate to slow.

Methodology + full state rankings →

ZIP-level market 56301

• Rents YoY: 3.4%
• Active inventory: 220
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,655 high
• Mortgage (P&I): −$996
• Tax from tax record: −$126 /mo · $1,514/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $105

Break-even live

Break-even rent $1,521

Max offer price $190,000

Occupancy floor 89%

Sensitivity live

Price	-10% $213	-5% $159	+0% $105	+5% $52	+10% $-2
Rent	-10% $-25	-5% $40	+0% $105	+5% $171	+10% $236
Rate	-1.0pp $201	-0.5pp $154	base $105	+0.5pp $56	+1.0pp $6

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $47,500
• Closing costs: $5,700
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
801 15th Ave S Unit 1 St Cloud, MN	4.0	2.0	1525	$1,900	$1.25	45d	1	0.20mi
800 11th St S Saint Cloud, MN	2.0–4.0	2.0	1000	$1,579	$1.58	45d	3	0.61mi
305 5th Ave S St Cloud, MN	1.0–4.0	1.0–4.0	692	$1,325	$1.91	45d	23	0.65mi
624 13th St S Unit US-201 St Cloud, MN	4.0	1.0	1250	$1,495	$1.20	45d	1	0.78mi
2121 W Street Germain St Unit Main Floor St Cloud, MN	3.0	1.0	1100	$1,500	$1.36	45d	1	0.80mi
1510 9th Ave S St Cloud, MN	4.0	2.0	1100	$1,095	$1.00	45d	1	0.82mi
524 14th St S Unit 304 St Cloud, MN	4.0	1.0	1200	$1,245	$1.04	45d	1	0.88mi
520 14th St S Unit ST-403 St Cloud, MN	4.0	1.0	1200	$1,245	$1.04	45d	1	0.89mi
1420 6th Ave S Saint Cloud, MN	4.0	1.5	1000	$1,250	$1.25	45d	1	0.92mi
444 23rd Ave N Saint Cloud, MN	3.0	2.0	1373	$1,745	$1.27	45d	1	0.99mi

Listing history 40 events

1. 2026-06-22
   days on market $190,000 Active 32 DOM
2. 2026-06-19
   days on market $190,000 Active 30 DOM
3. 2026-06-18
   days on market $190,000 Active 29 DOM
4. 2026-06-17
   days on market $190,000 Active 28 DOM
5. 2026-06-16
   days on market $190,000 Active 27 DOM
6. 2026-06-15
   days on market $190,000 Active 26 DOM
7. 2026-06-14
   days on market $190,000 Active 24 DOM
8. 2026-06-13
   days on market $190,000 Active 23 DOM
9. 2026-06-10
   days on market $190,000 Active 21 DOM
10. 2026-06-09
    days on market $190,000 Active 20 DOM
11. 2026-06-08
    days on market $190,000 Active 19 DOM
12. 2026-06-07
    days on market $190,000 Active 18 DOM
13. 2026-06-03
    days on market $190,000 Active 14 DOM
14. 2026-06-02
    days on market $190,000 Active 13 DOM
15. 2026-06-01
    days on market $190,000 Active 12 DOM
16. 2026-05-31
    days on market $190,000 Active 11 DOM
17. 2026-05-30
    days on market $190,000 Active 10 DOM
18. 2026-05-05
    status Active 758-char remark
19. 2026-05-03
    historical 758-char remark
20. 2026-04-06
    price $190,000 758-char remark
21. 2026-03-06
    listed $200,000 Active 758-char remark
22. 2026-03-05
    historical $200,000 758-char remark
23. 2023-10-11
    soldstatus $120,000
24. 2023-09-27
    soldstatus $120,000 Sold 737-char remark

    Show marketing remark (737 chars)

    Beautiful Ranch style home in a great location and close to Lake George, restaurants, shops, parks, the library and more! Enclosed front porch where you can enjoy your morning coffee and concrete sidewalks for evening walks! There is also a paver stone patio area between the garage and house for some outdoor entertaining/BBQing! It is a shared garage with the neighbor and there is a wall inside separating the middle of the garage. The yard is landscaped with perennials and it requires minimal maintenance! The home features hardwood floors, a formal dining room, 2 main-level bedrooms, 2 lower-level bedrooms and plenty of storage space!! Be sure to check out the interactive 3-D virtual tour link and schedule your showing today.!

25. 2023-09-05
    status Pending 737-char remark

    Show marketing remark (737 chars)

    Beautiful Ranch style home in a great location and close to Lake George, restaurants, shops, parks, the library and more! Enclosed front porch where you can enjoy your morning coffee and concrete sidewalks for evening walks! There is also a paver stone patio area between the garage and house for some outdoor entertaining/BBQing! It is a shared garage with the neighbor and there is a wall inside separating the middle of the garage. The yard is landscaped with perennials and it requires minimal maintenance! The home features hardwood floors, a formal dining room, 2 main-level bedrooms, 2 lower-level bedrooms and plenty of storage space!! Be sure to check out the interactive 3-D virtual tour link and schedule your showing today.!

26. 2023-08-23
    historical Contingent - Inspection 737-char remark

    Show marketing remark (737 chars)

    Beautiful Ranch style home in a great location and close to Lake George, restaurants, shops, parks, the library and more! Enclosed front porch where you can enjoy your morning coffee and concrete sidewalks for evening walks! There is also a paver stone patio area between the garage and house for some outdoor entertaining/BBQing! It is a shared garage with the neighbor and there is a wall inside separating the middle of the garage. The yard is landscaped with perennials and it requires minimal maintenance! The home features hardwood floors, a formal dining room, 2 main-level bedrooms, 2 lower-level bedrooms and plenty of storage space!! Be sure to check out the interactive 3-D virtual tour link and schedule your showing today.!

27. 2023-08-01
    status Active 737-char remark

    Show marketing remark (737 chars)

    Beautiful Ranch style home in a great location and close to Lake George, restaurants, shops, parks, the library and more! Enclosed front porch where you can enjoy your morning coffee and concrete sidewalks for evening walks! There is also a paver stone patio area between the garage and house for some outdoor entertaining/BBQing! It is a shared garage with the neighbor and there is a wall inside separating the middle of the garage. The yard is landscaped with perennials and it requires minimal maintenance! The home features hardwood floors, a formal dining room, 2 main-level bedrooms, 2 lower-level bedrooms and plenty of storage space!! Be sure to check out the interactive 3-D virtual tour link and schedule your showing today.!

28. 2023-07-18
    status Pending 737-char remark

    Show marketing remark (737 chars)

    Beautiful Ranch style home in a great location and close to Lake George, restaurants, shops, parks, the library and more! Enclosed front porch where you can enjoy your morning coffee and concrete sidewalks for evening walks! There is also a paver stone patio area between the garage and house for some outdoor entertaining/BBQing! It is a shared garage with the neighbor and there is a wall inside separating the middle of the garage. The yard is landscaped with perennials and it requires minimal maintenance! The home features hardwood floors, a formal dining room, 2 main-level bedrooms, 2 lower-level bedrooms and plenty of storage space!! Be sure to check out the interactive 3-D virtual tour link and schedule your showing today.!

29. 2023-07-07
    historical Contingent - Inspection 737-char remark

    Show marketing remark (737 chars)

    Beautiful Ranch style home in a great location and close to Lake George, restaurants, shops, parks, the library and more! Enclosed front porch where you can enjoy your morning coffee and concrete sidewalks for evening walks! There is also a paver stone patio area between the garage and house for some outdoor entertaining/BBQing! It is a shared garage with the neighbor and there is a wall inside separating the middle of the garage. The yard is landscaped with perennials and it requires minimal maintenance! The home features hardwood floors, a formal dining room, 2 main-level bedrooms, 2 lower-level bedrooms and plenty of storage space!! Be sure to check out the interactive 3-D virtual tour link and schedule your showing today.!

30. 2023-06-29
    listed $137,000 Active 737-char remark

    Show marketing remark (737 chars)

    Beautiful Ranch style home in a great location and close to Lake George, restaurants, shops, parks, the library and more! Enclosed front porch where you can enjoy your morning coffee and concrete sidewalks for evening walks! There is also a paver stone patio area between the garage and house for some outdoor entertaining/BBQing! It is a shared garage with the neighbor and there is a wall inside separating the middle of the garage. The yard is landscaped with perennials and it requires minimal maintenance! The home features hardwood floors, a formal dining room, 2 main-level bedrooms, 2 lower-level bedrooms and plenty of storage space!! Be sure to check out the interactive 3-D virtual tour link and schedule your showing today.!

31. 2023-06-27
    historical $137,000 737-char remark

    Show marketing remark (737 chars)

    Beautiful Ranch style home in a great location and close to Lake George, restaurants, shops, parks, the library and more! Enclosed front porch where you can enjoy your morning coffee and concrete sidewalks for evening walks! There is also a paver stone patio area between the garage and house for some outdoor entertaining/BBQing! It is a shared garage with the neighbor and there is a wall inside separating the middle of the garage. The yard is landscaped with perennials and it requires minimal maintenance! The home features hardwood floors, a formal dining room, 2 main-level bedrooms, 2 lower-level bedrooms and plenty of storage space!! Be sure to check out the interactive 3-D virtual tour link and schedule your showing today.!

32. 2009-09-02
    soldstatus $81,775
33. 2009-07-30
    soldstatus $81,776
34. 2009-06-19
    historical
35. 2009-01-18
    listed $79,900
36. 2009-01-15
    historical
37. 2008-02-22
    listed $99,650
38. 1998-02-20
    soldstatus $55,000
39. 1998-01-27
    historical
40. 1997-11-07
    listed $57,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MN · Partial reset (capped growth)

• Current annual tax: $1,514 · $126/mo
• Projected year-2 tax: $1,821 · $152/mo
• Expected delta: +$307/yr (+$26/mo · 20.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,855
• − Mortgage interest: −$10,643
• − Property taxes: −$1,514
• − Insurance: −$950
• − Repairs & maintenance: −$1,588
• − Management: −$1,588
• − Depreciation: −$5,527
• Taxable loss: −$1,956
• Est. tax savings @ 24.0%: +$469
• After-tax cash flow: $1,735/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: St. Cloud Public School District
• NCES district ID: 2733510
• Math proficiency: 27% ▼ -9.00%
• Reading proficiency: 38% ▼ -5.00%
• Median HH income: $46,638
• Composite: 27.91/100
• National rank: #6866
• State rank: #264 of 301 in MN

Livability — St. Cloud

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Cloud, MN
• County: Stearns County · 90,226 people
• City population: 60,914
• Metro: St. Cloud, MN
• Population (ZIP): 35,580
• Household income: $73,142
• Rent vs Own: 49.1% rent · 50.9% own
• Severe rent burden: 1831.0

Population outlook (Stearns County) Hauer SSP2

• Today (2025): 162,629 people
• By 2030: 166,495 · +2.4%
• By 2040: 172,661 · +6.2%
• By 2050: 177,480 · +9.1%
• By 2075: 192,907 · +18.6%
• By 2100: 206,274 · +26.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Black 20% Hispanic / Latino 6% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Portuguese 6% Romanian 4% Lithuanian 2%
• Foreign-born: 16% · Canada, Vietnam
• Languages at home: 77% English-only · Spanish 4% Other Asian/Pacific 2% Other Indo-European 1%

Political lean MEDSL · Stearns

• 2024 margin: Strong R (+26.8) · D 35.7% · R 62.5% · Other 1.9%
• 2008→2024 swing: -19.8pp toward R · 2008: -7.0pp · 2024: -26.8pp
• All cycles: 2024: R+26.8 2020: R+22.5 2016: R+27.9 2012: R+12.1 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -102.70%
• Current HPI: 148.6882
• Rent YoY: ▲ 3.38%
• Metro: St. Cloud, MN
• State GDP YoY: ▲ 2.41%
• F500 in state: 34

Industry mix (Fortune 500 HQ in MN)

Industry	F500 HQs	Revenue
▸Healthcare	2	$407B
▸Retail	2	$150B
▸Consumer Goods	2	$32B
▸Industrial Machinery	2	$6B
▸Agriculture	1	$40B
▸Healthcare / Medical Devices	1	$32B

Price history

+228.2% since first listed

25 events — show timeline

• 2026-05-20 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-20 Listed $190,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-05 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-03 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-06 Price Changed $190,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-06 Listed $200,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-05 Coming Soon — NORTHSTARMLS as Distributed by MLS Grid
• 2023-10-11 Sold (Public Records) $120,000 Public Records
• 2023-09-27 Sold (MLS) $120,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-05 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-23 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-01 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2023-07-18 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-07-07 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2023-06-29 Listed $137,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-06-27 Coming Soon $137,000 NORTHSTARMLS as Distributed by MLS Grid
• 2009-09-02 Sold (Public Records) $81,775 Public Records
• 2009-07-30 Sold (MLS) $81,776 NORTHSTARMLS as Distributed by MLS Grid
• 2009-06-19 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2009-01-18 Listed $79,900 NORTHSTARMLS as Distributed by MLS Grid
• 2009-01-15 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2008-02-22 Listed $99,650 NORTHSTARMLS as Distributed by MLS Grid
• 1998-02-20 Sold (MLS) $55,000 NORTHSTARMLS as Distributed by MLS Grid
• 1998-01-27 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 1997-11-07 Listed $57,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+5.7%/yr

Latest (2025): $1,514 · +29.8% YoY. Source: county tax records.