1224 Landmark Trl S · Hopkins, MN 55343

$245,000

2 bd · 2.0 ba · 1,576 sqft · Townhouse public records · 37 Days on market

Built 1974 1,306 sqft lot $155/sqft · 28% below area Est $313k · 22% under $425/mo HOA · 19% of rent

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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).

• ARV discount +15.0/15.0
• Cash flow +7.5/30.0
• Schools +4.6/10.0
• 1% rule +4.2/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completely lovely townhome filled with custom touches. Cozy up by the wood burning fireplace or dine al fresco on your charming front porch. The remodeled kitchen includes a gorgeous backsplash, wood floors, stainless steel appliances and so much more. 2 generous sized bedrooms are light-filled and offer ample space for furnishings. The bonus lower level family room is full of potential - a media room, exercise studio, office space or more! 2 car garage is the icing on the cake.

Key facts

• $425 HOA
• 2 garage spots
• Pool

Property features AI

Finance

• HOA & community: Part of Westbrooke Patio Homes HOA; Monthly HOA fee of $425 covering water and sewer; Association amenities include shared/community features

Exterior

• Parking: 2-car garage
• Utilities: City water; City sewer; Electric and natural gas fuel
• Home design: Attached residential property; Two levels; Entry/main level living areas
• Construction: Block foundation
• Exterior features: Stucco exterior; Patio; Wood privacy fence; Shared below-ground pool

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Stainless steel appliances
• Bedrooms: 2 bedrooms (one on upper level, one on upper level)
• Bathrooms: 1 full bath; 2 half baths
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Finished full basement; Finished lower level; Wood-burning fireplace; Separate formal dining room; Finished basement with flexible space/play area (shared)
• Laundry & utility: Washer; Dryer; Lower-level laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $245k.

Deal economics

• At list price, monthly cash flow is $-303 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $192k (21.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $225k (8.3% below list).
• Recommended offer: $192k (21.8% below list) — sets the bar for cash-flow.
• Cap rate 4.8% vs local median 3.2% in Hopkins — 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 81/100 on livability (#58 in MN, #1,382 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, amenities A-.
• Hopkins Public School District (suburban): math 48% / reading 57% proficiency, ranked #75 of 301 in MN (top 25%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Gatewood Elementary (math 37% / reading 42%, grade F, #604 of 857 statewide, top 74%, 413 students, 65% FRL); Hopkins West Junior High (math 62% / reading 72%, grade A-, #11 of 258 statewide, top 5%, 592 students, 47% FRL); Hopkins Senior High (math 52% / reading 63%, grade C, #59 of 471 statewide, top 13%, 1,491 students, 40% FRL) — zoned schools average 51% FRL vs 29% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.0%/yr); 134 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 4,651 units permitted in Hennepin County in 2024 (2,443 in 5+ unit buildings).
• This rent runs 32% of the median local income ($83k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Hennepin County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($238k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 7y ago; this cycle's ask has dropped $19k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $196k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $191,547 (21.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. 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?
8. 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.
9. 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.
10. 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: 0.92% ✗
• Cap rate: 4.81%
• Cash-on-cash: -5.29%
• DSCR: 0.76
• GRM: 9.1

CMA / ARV

• ARV (median comp): $313,492
• List price: $245,000
• Delta: -21.85%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5415 Pompano Dr	0.53mi	2/2.0	1,436 (-9%)	17mo	$295,000	$205	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.0% rent growth · sell at horizon

5-year hold

• IRR: -23.8%
• Equity multiple: 0.18×
• Total profit: $-56,419
• Equity at exit: $36,530

10-year hold

• IRR: -15.4%
• Equity multiple: 0.08×
• Total profit: $-63,283
• Equity at exit: $21,183

Cash invested: $68,600 (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 55343

• Rents YoY: 4.0%
• Active inventory: 134
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $2,247 high
• Mortgage (P&I): −$1,285
• Tax from tax record: −$266 /mo · $3,191/yr
• Insurance: −$102
• HOA: −$425
• Vacancy / Maint / Mgmt: −$472
• Net cashflow: $-303

Break-even live

Break-even rent $2,630

Max offer price $191,547

Occupancy floor —

Sensitivity live

Price	-10% $-164	-5% $-233	+0% $-303	+5% $-372	+10% $-441
Rent	-10% $-480	-5% $-391	+0% $-303	+5% $-214	+10% $-125
Rate	-1.0pp $-179	-0.5pp $-240	base $-303	+0.5pp $-366	+1.0pp $-431

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: $61,250
• Closing costs: $7,350
• Reserves months: —
• Total cash needed: —

Rent comps 9 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10745 Smetana Rd Minnetonka, MN	2.0	1.0–2.0	811	$1,725	$2.13	1d	19	0.40mi
50 8th Ave S Hopkins, MN	2.0	1.0–2.0	906	$2,280	$2.52	1d	9	0.85mi
11001 Bren Rd E Hopkins, MN	1.0–3.0	1.0–2.0	1001	$1,638	$1.64	1d	26	0.86mi
1118 Mainstreet Hopkins, MN	2.0	1.0–2.0	774	$3,345	$4.32	0d	17	0.90mi
2088 Mainstreet Hopkins, MN	2.0	2.5	1800	$2,495	$1.39	22d	1	1.01mi
11050 Red Circle Dr Hopkins, MN	3.0	1.0–2.0	1110	$3,180	$2.86	0d	52	1.06mi
10702 Red Circle Dr Minnetonka, MN	3.0	1.0–3.0	953	$3,417	$3.58	0d	137	1.07mi
10950 Red Circle Dr Hopkins, MN	2.0	1.0–2.0	876	$2,670	$3.05	0d	17	1.15mi
5995 Lincoln Dr Minneapolis, MN	2.0	1.0–2.0	1008	$3,096	$3.07	0d	16	1.27mi

HOA detail

• Monthly dues: $425 · $5,100/yr

Listing history 26 events

1. 2026-06-21
   days on market $245,000 Active 37 DOM
2. 2026-06-18
   days on market $245,000 Active 34 DOM
3. 2026-06-17
   days on market $245,000 Active 33 DOM
4. 2026-06-16
   days on market $245,000 Active 32 DOM
5. 2026-06-15
   days on market $245,000 Active 31 DOM
6. 2026-06-13
   days on market $245,000 Active 29 DOM
7. 2026-06-13
   pricedays on market $245,000 Active 28 DOM
8. 2026-06-10
   remarks 404-char remark
9. 2026-06-09
   days on market $248,375 Active 25 DOM
10. 2026-06-08
    days on market $248,375 Active 24 DOM
11. 2026-06-07
    days on market $248,375 Active 23 DOM
12. 2026-06-04
    days on market $248,375 Active 20 DOM
13. 2026-06-03
    days on market $248,375 Active 19 DOM
14. 2026-06-02
    days on market $248,375 Active 18 DOM
15. 2026-06-01
    days on market $248,375 Active 17 DOM
16. 2026-05-31
    days on market $248,375 Active 16 DOM
17. 2026-05-16
    price $248,375 361-char remark
18. 2026-05-15
    listed $264,300 Active 361-char remark
19. 2026-05-08
    historical $264,300 361-char remark
20. 2019-07-12
    soldstatus $196,000
21. 2019-06-17
    soldstatus $196,000 Sold 488-char remark

    Show marketing remark (488 chars)

    Completely lovely townhome filled with custom touches. Cozy up by the wood burning fireplace or dine al fresco on your charming front porch. The remodeled kitchen includes a gorgeous backsplash, wood floors, stainless steel appliances and so much more. 2 generous sized bedrooms are light-filled and offer ample space for furnishings. The bonus lower level family room is full of potential - a media room, exercise studio, office space or more! 2 car garage is the icing on the cake.

22. 2019-05-05
    status Pending 488-char remark

    Show marketing remark (488 chars)

    Completely lovely townhome filled with custom touches. Cozy up by the wood burning fireplace or dine al fresco on your charming front porch. The remodeled kitchen includes a gorgeous backsplash, wood floors, stainless steel appliances and so much more. 2 generous sized bedrooms are light-filled and offer ample space for furnishings. The bonus lower level family room is full of potential - a media room, exercise studio, office space or more! 2 car garage is the icing on the cake.

23. 2019-04-29
    historical Contingent - Inspection 488-char remark

    Show marketing remark (488 chars)

    Completely lovely townhome filled with custom touches. Cozy up by the wood burning fireplace or dine al fresco on your charming front porch. The remodeled kitchen includes a gorgeous backsplash, wood floors, stainless steel appliances and so much more. 2 generous sized bedrooms are light-filled and offer ample space for furnishings. The bonus lower level family room is full of potential - a media room, exercise studio, office space or more! 2 car garage is the icing on the cake.

24. 2019-04-25
    listed $185,000 Active 488-char remark

    Show marketing remark (488 chars)

    Completely lovely townhome filled with custom touches. Cozy up by the wood burning fireplace or dine al fresco on your charming front porch. The remodeled kitchen includes a gorgeous backsplash, wood floors, stainless steel appliances and so much more. 2 generous sized bedrooms are light-filled and offer ample space for furnishings. The bonus lower level family room is full of potential - a media room, exercise studio, office space or more! 2 car garage is the icing on the cake.

25. 1993-07-01
    soldstatus $66,500
26. 1992-03-18
    soldstatus $12,000

ⓘ 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: $3,191 · $266/mo
• Projected year-2 tax: $3,191 · $266/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,965
• − Mortgage interest: −$13,724
• − Property taxes: −$3,191
• − Insurance: −$1,225
• − Repairs & maintenance: −$2,157
• − Management: −$2,157
• − HOA: −$5,100
• − Depreciation: −$7,127
• Taxable loss: −$7,716
• Est. tax savings @ 24.0%: +$1,852
• After-tax cash flow: $-1,779/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: Hopkins Public School District
• NCES district ID: 2714260
• Math proficiency: 48% ▼ -6.00%
• Reading proficiency: 57% ▼ -2.00%
• Median HH income: $66,915
• Composite: 46.44/100
• National rank: #2448
• State rank: #75 of 301 in MN

Livability — Hopkins

• Score: 81/100
• State rank: #58
• US rank: #1382

Category grades

Amenities A- Commute A+ Cost of living C+ Crime B- Employment B- Housing A+ Health & safety C User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hopkins, MN
• County: Hennepin County · 1,150,272 people
• City population: 27,102
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 27,102
• Household income: $83,143
• Rent vs Own: 53.5% rent · 46.5% own
• Severe rent burden: 1514.0

Population outlook (Hennepin County) Hauer SSP2

• Today (2025): 1,405,227 people
• By 2030: 1,492,650 · +6.2%
• By 2040: 1,660,157 · +18.1%
• By 2050: 1,823,498 · +29.8%
• By 2075: 2,221,283 · +58.1%
• By 2100: 2,509,976 · +78.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Black 17% Two or more races 10% Hispanic / Latino 4% Asian 4%
• Common ancestry: Portuguese 10% Romanian 4% Scottish 3%
• Foreign-born: 12% · Canada, United Kingdom
• Languages at home: 85% English-only · Spanish 3% French/Haitian/Cajun 2% Other Asian/Pacific 2%

Political lean MEDSL · Hennepin

• 2024 margin: Solid D (+42.6) · D 70.2% · R 27.5% · Other 2.3%
• 2008→2024 swing: +14.0pp toward D · 2008: 28.6pp · 2024: 42.6pp
• All cycles: 2024: D+42.6 2020: D+43.2 2016: D+35.3 2012: D+27.1 2008: D+28.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -223.01%
• Current HPI: 252.3059
• Rent YoY: ▲ 4.00%
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• 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

+1941.7% since first listed

11 events — show timeline

• 2026-06-13 Price Changed $245,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-16 Price Changed $248,375 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-15 Listed $264,300 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-08 Coming Soon $264,300 NORTHSTARMLS as Distributed by MLS Grid
• 2019-07-12 Sold (Public Records) $196,000 Public Records
• 2019-06-17 Sold (MLS) $196,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-05-05 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2019-04-29 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2019-04-25 Listed $185,000 NORTHSTARMLS as Distributed by MLS Grid
• 1993-07-01 Sold (Public Records) $66,500 Public Records
• 1992-03-18 Sold (Public Records) $12,000 Public Records

Property tax history

+1.6%/yr

Latest (2025): $3,191 · +2.5% YoY. Source: county tax records.