220 Maple St N · Balaton, MN 56115

$130,000

2 bd · 1.0 ba · 1,036 sqft · SingleFamily · 10 Days on market

Built 1954 8,189 sqft lot

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Why this score? — see what drove the C- 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 +13.3/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• DSCR +4.0/10.0
• Livability +3.3/5.0
• 1% rule +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to 220 Maple Street! This affordable, single-level home features a spacious living room filled with natural light from the large picture window. The living room opens to the dining area, creating a perfect space for relaxation and entertainment. The large kitchen offers plenty of counter space, includes appliances, and has room for a breakfast nook. The main floor hosts to a full bathroom including storage, two cozy bedrooms, don’t forget to look in both sizable closets. The back foyer provides additional space for coat storage. The lower level is open and ready for your personal touch, offering a great opportunity to add value. THe front yard is shaded by trees and the backyard offers plenty of green space. Garage a bonus to store car or shop area. Over 8200 square feet of lot. the front yard is nicely shaded by tr Don't miss out on this value-adding opportunity at 220 Maple Street!

Key facts

• Onyx shower
• Main floor laundry
• Shiplap accent wall

Tags

• ORIGINAL HARDWOOD FLOORS
• ONYX SHOWER
• STAINLESS STEEL APPLIANCES
• SHIPLAP ACCENT WALL
• MAIN FLOOR LAUNDRY
• CERAMIC TILE BACKSPLASH

Property features AI

Exterior

• Parking: Attached or detached 1-car garage
• Utilities: City water (connected); City sewer (connected); Oil fuel
• Home design: Residential property; One story
• Construction: Built on block foundation; Living area on one level
• Exterior features: Wood exterior; Lot approximately 0.188 acres (50 x 164)

Interior

• Bedrooms: 2 bedrooms
• Bathrooms: 1 three-quarter bathroom
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Unfinished basement; Block foundation

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $0 ($6/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 $105k (19.1% below list).
• Recommended offer: $105k (19.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 66/100 on livability (#477 in MN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D, schools F, amenities F.
• Market conditions: 52 active listings in the ZIP; 91 units permitted in Lyon County in 2024 (72 in 5+ unit buildings).

Forward outlook

• In year one you build about $14k of equity ($899 loan paydown + $13k appreciation (10.0% local appreciation)).
• Lyon County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $36k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 3, paydown + projected appreciation supports a ~$35k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 15y 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 $110k; 18% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $105,218 (19.1% below list)

Questions for the listing agent

1. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 0.81% ✗
• Cap rate: 6.30%
• Cash-on-cash: 0.02%
• DSCR: 1.00
• GRM: 10.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 24.3%
• Equity multiple: 2.95×
• Total profit: $70,807
• Equity at exit: $117,114

10-year hold

• IRR: 21.5%
• Equity multiple: 6.73×
• Total profit: $208,439
• Equity at exit: $252,561

Cash invested: $36,400 (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 56115

• Home prices YoY: 11.5%
• Active inventory: 52
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,052 medium
• Mortgage (P&I): −$682
• Tax from tax record: −$95 /mo · $1,138/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$221
• Net cashflow: $0

Break-even live

Break-even rent $1,052

Max offer price $130,000

Occupancy floor 95%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-05-10
   status Pending 455-char remark
2. 2026-04-29
   listed $130,000 Active 455-char remark
3. 2026-03-23
   historical
4. 2025-09-12
   listed $130,000 Active
5. 2025-09-08
   historical
6. 2024-08-06
   soldstatus $50,000 Sold

   Show marketing remark (910 chars)

   Welcome to 220 Maple Street! This affordable, single-level home features a spacious living room filled with natural light from the large picture window. The living room opens to the dining area, creating a perfect space for relaxation and entertainment. The large kitchen offers plenty of counter space, includes appliances, and has room for a breakfast nook. The main floor hosts to a full bathroom including storage, two cozy bedrooms, don’t forget to look in both sizable closets. The back foyer provides additional space for coat storage. The lower level is open and ready for your personal touch, offering a great opportunity to add value. THe front yard is shaded by trees and the backyard offers plenty of green space. Garage a bonus to store car or shop area. Over 8200 square feet of lot. the front yard is nicely shaded by tr Don't miss out on this value-adding opportunity at 220 Maple Street!

7. 2024-07-14
   status Pending

   Show marketing remark (910 chars)

   Welcome to 220 Maple Street! This affordable, single-level home features a spacious living room filled with natural light from the large picture window. The living room opens to the dining area, creating a perfect space for relaxation and entertainment. The large kitchen offers plenty of counter space, includes appliances, and has room for a breakfast nook. The main floor hosts to a full bathroom including storage, two cozy bedrooms, don’t forget to look in both sizable closets. The back foyer provides additional space for coat storage. The lower level is open and ready for your personal touch, offering a great opportunity to add value. THe front yard is shaded by trees and the backyard offers plenty of green space. Garage a bonus to store car or shop area. Over 8200 square feet of lot. the front yard is nicely shaded by tr Don't miss out on this value-adding opportunity at 220 Maple Street!

8. 2024-07-10
   listed $55,000 Active

   Show marketing remark (910 chars)

   Welcome to 220 Maple Street! This affordable, single-level home features a spacious living room filled with natural light from the large picture window. The living room opens to the dining area, creating a perfect space for relaxation and entertainment. The large kitchen offers plenty of counter space, includes appliances, and has room for a breakfast nook. The main floor hosts to a full bathroom including storage, two cozy bedrooms, don’t forget to look in both sizable closets. The back foyer provides additional space for coat storage. The lower level is open and ready for your personal touch, offering a great opportunity to add value. THe front yard is shaded by trees and the backyard offers plenty of green space. Garage a bonus to store car or shop area. Over 8200 square feet of lot. the front yard is nicely shaded by tr Don't miss out on this value-adding opportunity at 220 Maple Street!

9. 2019-02-02
   historical
10. 2012-08-17
    soldstatus $35,000
11. 2012-08-17
    soldstatus $35,000
12. 2011-09-27
    listed $41,500
13. 2011-09-27
    listed $41,500

ⓘ 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: $1,138 · $95/mo
• Projected year-2 tax: $1,297 · $108/mo
• Expected delta: +$159/yr (+$13/mo · 14.0%)

ⓘ 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 ≥97°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,626
• − Mortgage interest: −$7,282
• − Property taxes: −$1,138
• − Insurance: −$650
• − Repairs & maintenance: −$1,010
• − Management: −$1,010
• − Depreciation: −$3,782
• Taxable loss: −$2,246
• Est. tax savings @ 24.0%: +$539
• After-tax cash flow: $545/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)

No district data.

Livability — Balaton

• Score: 66/100
• State rank: #477
• US rank: #11330

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Balaton, MN
• Population (ZIP): 1,262

Population outlook (Lyon County) Hauer SSP2

• Today (2025): 25,369 people
• By 2030: 24,890 · -1.9%
• By 2040: 23,599 · -7.0%
• By 2050: 22,383 · -11.8%
• By 2075: 20,076 · -20.9%
• By 2100: 18,901 · -25.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Portuguese 17% Iranian 6% Romanian 4%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Lyon

• 2024 margin: Solid R (+31.8) · D 33.1% · R 64.9% · Other 2.0%
• 2008→2024 swing: -30.2pp toward R · 2008: -1.6pp · 2024: -31.8pp
• All cycles: 2024: R+31.8 2020: R+25.9 2016: R+28.3 2012: R+9.2 2008: R+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 11.48%
• Current HPI: 111.48
• Rent YoY: —
• Metro: —
• 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

+165.1% since first listed

15 events — show timeline

• 2026-06-03 Sold (Public Records) $110,000 Public Records
• 2026-06-03 Sold (MLS) $110,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-10 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-29 Listed $130,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-23 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-12 Listed $130,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-08 Coming Soon — NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-06 Sold (MLS) $50,000 NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-14 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-10 Listed $55,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2012-08-17 Sold (MLS) $35,000 NORTHSTARMLS as Distributed by MLS Grid
• 2012-08-17 Sold (MLS) $35,000 NORTHSTARMLS as Distributed by MLS Grid
• 2011-09-27 Listed $41,500 NORTHSTARMLS as Distributed by MLS Grid
• 2011-09-27 Listed $41,500 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+3.2%/yr

Latest (2026): $1,138 · -14.6% YoY. Source: county tax records.