959 W 2nd St · Winona, MN 55987

$125,000

2 bd · 1.0 ba · 772 sqft · SingleFamily public records · 3 Days on market

Built 1947 2,874 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 +18.6/30.0
• ARV discount +7.5/15.0
• DSCR +5.9/10.0
• Rent growth +5.0/5.0
• 1% rule +4.2/10.0
• Livability +4.0/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Totally remodeled home with attractive natural wood accents. Sheetrock, wiring, plumbing, windows, flooring and siding all redone. Main floor laundry. Certified rental! Cheaper than rent!

Key facts

• 2,874 sq ft lot
• Built 1947
• Listed 3 days

Property features AI

Exterior

• Parking: On-street parking only
• Utilities: City water connected; City sewer connected; Natural gas
• Home design: Residential property; One level
• Construction: Block foundation; Asphalt roof; Basement: block, unfinished
• Exterior features: Vinyl exterior; Full fencing

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: All living facilities on one level; Main floor bedroom; Main floor laundry
• Laundry & utility: Main level laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $122 ($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 $115k (7.9% below list).
• Recommended offer: $115k (7.9% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 3.9% in Winona — 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 (#63 in MN, #1,558 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-.
• Winona Area Public School District (town): math 33% / reading 40% proficiency, ranked #244 of 301 in MN (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+18.0%/yr); 137 active listings in the ZIP; 37 units permitted in Winona County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Winona County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $35k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 17y 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 $54k; list at $125k implies a 131% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1947 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $115,130 (7.9% below list)

Questions for the listing agent

1. Built in 1947 — 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 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?
4. 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.
5. 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.
6. 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: 7.46%
• Cash-on-cash: 4.18%
• DSCR: 1.19
• GRM: 9.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -4.7%
• Equity multiple: 0.82×
• Total profit: $-6,435
• Equity at exit: $18,638

10-year hold

• IRR: 9.8%
• Equity multiple: 1.91×
• Total profit: $31,969
• Equity at exit: $10,808

Cash invested: $35,000 (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 55987

• Rents YoY: 18.0%
• Active inventory: 137
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $1,151 medium
• Mortgage (P&I): −$656
• Tax from tax record: −$80 /mo · $960/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$242
• Net cashflow: $122

Break-even live

Break-even rent $997

Max offer price $125,000

Occupancy floor 84%

Sensitivity live

Price	-10% $193	-5% $157	+0% $122	+5% $87	+10% $51
Rent	-10% $31	-5% $76	+0% $122	+5% $167	+10% $213
Rate	-1.0pp $185	-0.5pp $154	base $122	+0.5pp $90	+1.0pp $57

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-05-01
   status Pending
2. 2026-04-29
   listed $125,000 Active
3. 2026-01-16
   historical $1,050
4. 2025-12-23
   listed $1,050
5. 2018-12-11
   historical 191-char remark

   Show marketing remark (226 chars)

   Why rent? Move in ready! Nothing to do but move in and enjoy this 2 bedroom, 1 bath ranch on low traffic street. Newer windows, siding and main floor laundry. Great house at a nice price! Rental certified for 3 unrelated!

6. 2018-12-11
   historical 226-char remark

   Show marketing remark (226 chars)

   Why rent? Move in ready! Nothing to do but move in and enjoy this 2 bedroom, 1 bath ranch on low traffic street. Newer windows, siding and main floor laundry. Great house at a nice price! Rental certified for 3 unrelated!

7. 2018-12-10
   historical
8. 2018-12-09
   historical
9. 2016-05-09
   soldstatus $54,000 226-char remark

   Show marketing remark (226 chars)

   Why rent? Move in ready! Nothing to do but move in and enjoy this 2 bedroom, 1 bath ranch on low traffic street. Newer windows, siding and main floor laundry. Great house at a nice price! Rental certified for 3 unrelated!

10. 2016-05-03
    soldstatus $54,000
11. 2015-08-20
    listed $59,000 226-char remark

    Show marketing remark (226 chars)

    Why rent? Move in ready! Nothing to do but move in and enjoy this 2 bedroom, 1 bath ranch on low traffic street. Newer windows, siding and main floor laundry. Great house at a nice price! Rental certified for 3 unrelated!

12. 2014-04-18
    soldstatus $60,000 191-char remark

    Show marketing remark (191 chars)

    Totally remodeled home with attractive natural wood accents. Sheetrock, wiring, plumbing, windows, flooring and siding all redone. Main floor laundry. Certified rental! Cheaper than rent!

13. 2014-04-18
    soldstatus $60,000

    Show marketing remark (191 chars)

    Totally remodeled home with attractive natural wood accents. Sheetrock, wiring, plumbing, windows, flooring and siding all redone. Main floor laundry. Certified rental! Cheaper than rent!

14. 2014-04-18
    soldstatus $60,000 Sold

    Show marketing remark (191 chars)

    Totally remodeled home with attractive natural wood accents. Sheetrock, wiring, plumbing, windows, flooring and siding all redone. Main floor laundry. Certified rental! Cheaper than rent!

15. 2014-03-28
    historical Contingent - Inspection
16. 2014-02-26
    listed $62,500 Active
17. 2013-09-24
    listed $62,500 191-char remark

    Show marketing remark (191 chars)

    Totally remodeled home with attractive natural wood accents. Sheetrock, wiring, plumbing, windows, flooring and siding all redone. Main floor laundry. Certified rental! Cheaper than rent!

18. 2012-02-07
    listed $68,500
19. 2012-02-07
    listed $68,500
20. 2010-01-19
    soldstatus $26,500
21. 2010-01-19
    soldstatus $26,500
22. 2010-01-11
    soldstatus $26,500
23. 2009-12-23
    listed $27,500
24. 2009-12-23
    listed $27,500
25. 2009-06-08
    soldstatus $18,000

ⓘ 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: $960 · $80/mo
• Projected year-2 tax: $1,180 · $98/mo
• Expected delta: +$220/yr (+$18/mo · 22.9%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,816
• − Mortgage interest: −$7,002
• − Property taxes: −$960
• − Insurance: −$625
• − Repairs & maintenance: −$1,105
• − Management: −$1,105
• − Depreciation: −$3,636
• Taxable loss: −$618
• Est. tax savings @ 24.0%: +$148
• After-tax cash flow: $1,612/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: Winona Area Public School District
• NCES district ID: 2744070
• Math proficiency: 33% ▼ -16.00%
• Reading proficiency: 40% ▼ -9.00%
• Median HH income: $45,678
• Composite: 31.15/100
• National rank: #6058
• State rank: #244 of 301 in MN

Livability — Winona

• Score: 81/100
• State rank: #63
• US rank: #1558

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Winona, MN
• County: Winona County · 34,072 people
• City population: 34,072
• Metro: Winona, MN
• Population (ZIP): 34,072
• Household income: $61,624
• Rent vs Own: 36.1% rent · 63.9% own
• Severe rent burden: 1525.0

Population outlook (Winona County) Hauer SSP2

• Today (2025): 50,614 people
• By 2030: 50,243 · -0.7%
• By 2040: 48,142 · -4.9%
• By 2050: 45,872 · -9.4%
• By 2075: 42,416 · -16.2%
• By 2100: 40,031 · -20.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 4% Hispanic / Latino 4% Black 2% Asian 2%
• Common ancestry: Portuguese 14% Romanian 12% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 1%

Political lean MEDSL · Winona

• 2024 margin: Toss-up / Even · D 46.6% · R 51.5% · Other 1.8%
• 2008→2024 swing: -24.0pp toward R · 2008: 19.1pp · 2024: -4.9pp
• All cycles: 2024: R+4.9 2020: D+0.4 2016: R+2.9 2012: D+12.9 2008: D+19.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -166.61%
• Current HPI: 193.7509
• Rent YoY: ▲ 17.99%
• Metro: Winona, 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

+594.4% since first listed

25 events — show timeline

• 2026-05-01 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-29 Listed $125,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-16 Rental Removed $1,050 TURBOTENANT
• 2025-12-23 Listed for Rent $1,050 TURBOTENANT
• 2018-12-11 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-12-11 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-12-10 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-12-09 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2016-05-09 Sold (MLS) $54,000 NORTHSTARMLS as Distributed by MLS Grid
• 2016-05-03 Sold (Public Records) $54,000 Public Records
• 2015-08-20 Listed $59,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-04-18 Sold (Public Records) $60,000 Public Records
• 2014-04-18 Sold (MLS) $60,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-04-18 Sold (MLS) $60,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-03-28 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2014-02-26 Listed $62,500 NORTHSTARMLS as Distributed by MLS Grid
• 2013-09-24 Listed $62,500 NORTHSTARMLS as Distributed by MLS Grid
• 2012-02-07 Listed $68,500 NORTHSTARMLS as Distributed by MLS Grid
• 2012-02-07 Listed $68,500 NORTHSTARMLS as Distributed by MLS Grid
• 2010-01-19 Sold (MLS) $26,500 NORTHSTARMLS as Distributed by MLS Grid
• 2010-01-19 Sold (MLS) $26,500 NORTHSTARMLS as Distributed by MLS Grid
• 2010-01-11 Sold (Public Records) $26,500 Public Records
• 2009-12-23 Listed $27,500 NORTHSTARMLS as Distributed by MLS Grid
• 2009-12-23 Listed $27,500 NORTHSTARMLS as Distributed by MLS Grid
• 2009-06-08 Sold (Public Records) $18,000 Public Records

Property tax history

+7.3%/yr

Latest (2025): $960 · +11.1% YoY. Source: county tax records.