302 Anderson St · Strandquist, MN 56758

$70,000

2 bd · 2.0 ba · 1,216 sqft · SingleFamily public records · 44 Days on market

Built 1994 0.48 ac lot

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Why this score? — see what drove the B+ 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 +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.6/10.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Appreciation +5.0/10.0
• Livability +2.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Situated on a beautiful corner lot, this home has two bathrooms, two spacious bedrooms, and a one stall detached garage. Schedule a showing today!

Key facts

• 0.48 acre lot
• Garage
• Built 1994

Property features AI

Exterior

• Parking: Detached or attached 1-car garage (24 x 22)
• Utilities: City water connected; City sewer connected; 200+ amp electrical service; Fuel: Electric and Propane
• Home design: Residential property; Single-story (one level); Entry/main living on one level
• Construction: Pillar/post/pier foundation; Foundation dimensions approximately 12 x 76; Built/structured as a single-level home
• Exterior features: Vinyl siding; Corner lot; Lot dimensions roughly 150 x 140

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level; 1 three-quarter bathroom on the main level
• Heating & cooling: Forced air heating; Window air conditioning units
• Interior features: No basement; Vinyl exterior (noted in exterior but impacts interior maintenance)
• Laundry & utility: Washer; Dryer; Laundry room on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $383 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $68k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 53/100 on livability (#871 in MN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+; Watch: health & safety D+, schools F, crime D-.
• Tri-County School District (rural): math 60% / reading 65% proficiency, ranked #130 of 467 in MN (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 3 active listings in the ZIP; 9 units permitted in Marshall County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($484 loan paydown + $2k appreciation (3.0% local appreciation)).
• Marshall County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($68k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 7y 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 $30k; list at $70k implies a 133% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $67,900 (3.0% below list)

Questions for the listing agent

1. It's been on market 44 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
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: 1.46% ✓
• Cap rate: 12.86%
• Cash-on-cash: 23.47%
• DSCR: 2.04
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 29.6%
• Equity multiple: 2.67×
• Total profit: $32,822
• Equity at exit: $31,475

10-year hold

• IRR: 30.0%
• Equity multiple: 5.21×
• Total profit: $82,612
• Equity at exit: $48,507

Cash invested: $19,600 (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 56758

• Active inventory: 3
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,021 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$27 /mo · $324/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $383

Break-even live

Break-even rent $536

Max offer price $70,000

Occupancy floor 57%

Sensitivity live

Price	-10% $423	-5% $403	+0% $383	+5% $363	+10% $344
Rent	-10% $303	-5% $343	+0% $383	+5% $424	+10% $464
Rate	-1.0pp $419	-0.5pp $401	base $383	+0.5pp $365	+1.0pp $347

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-21
   days on market $70,000 Active 44 DOM
2. 2026-06-18
   days on market $70,000 Active 42 DOM
3. 2026-06-17
   days on market $70,000 Active 41 DOM
4. 2026-06-16
   days on market $70,000 Active 40 DOM
5. 2026-06-15
   days on market $70,000 Active 39 DOM
6. 2026-06-13
   days on market $70,000 Active 37 DOM
7. 2026-06-12
   days on market $70,000 Active 36 DOM
8. 2026-06-09
   days on market $70,000 Active 33 DOM
9. 2026-06-08
   days on market $70,000 Active 32 DOM
10. 2026-06-07
    days on market $70,000 Active 31 DOM
11. 2026-06-05
    days on market $70,000 Active 29 DOM
12. 2026-06-04
    days on market $70,000 Active 27 DOM
13. 2026-06-02
    days on market $70,000 Active 26 DOM
14. 2026-06-01
    days on market $70,000 Active 25 DOM
15. 2026-05-31
    days on market $70,000 Active 24 DOM
16. 2026-05-31
    days on market $70,000 Active 23 DOM
17. 2026-05-07
    listed $70,000 Active 105-char remark
18. 2023-08-01
    soldstatus $30,000 Sold 146-char remark

    Show marketing remark (146 chars)

    Situated on a beautiful corner lot, this home has two bathrooms, two spacious bedrooms, and a one stall detached garage. Schedule a showing today!

19. 2023-08-01
    soldstatus $30,000

    Show marketing remark (146 chars)

    Situated on a beautiful corner lot, this home has two bathrooms, two spacious bedrooms, and a one stall detached garage. Schedule a showing today!

20. 2023-06-22
    status Pending 146-char remark

    Show marketing remark (146 chars)

    Situated on a beautiful corner lot, this home has two bathrooms, two spacious bedrooms, and a one stall detached garage. Schedule a showing today!

21. 2023-06-01
    listed $30,000 Active 146-char remark

    Show marketing remark (146 chars)

    Situated on a beautiful corner lot, this home has two bathrooms, two spacious bedrooms, and a one stall detached garage. Schedule a showing today!

22. 2019-10-09
    soldstatus $12,000

    Show marketing remark (183 chars)

    THIS HOME IS SOLD AS IS! THERE IS A DBLE GARAGE, 2 BEDROOMS, NOW COULD BE CONVERTED BACK TO 3 IF DESIRED. 1 3/4 BATH, FRENCH DOORS TO MASTER SUITE, PLAN 60 TO 90 DAYS TO CLOSE

23. 2019-06-14
    listed $12,900

    Show marketing remark (183 chars)

    THIS HOME IS SOLD AS IS! THERE IS A DBLE GARAGE, 2 BEDROOMS, NOW COULD BE CONVERTED BACK TO 3 IF DESIRED. 1 3/4 BATH, FRENCH DOORS TO MASTER SUITE, PLAN 60 TO 90 DAYS TO CLOSE

ⓘ 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: $324 · $27/mo
• Projected year-2 tax: $554 · $46/mo
• Expected delta: +$230/yr (+$19/mo · 71.0%)

ⓘ 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 9/10 Extreme
• 🌡 Heat 1/10 Low 7 d/yr ≥94°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,251
• − Mortgage interest: −$3,921
• − Property taxes: −$324
• − Insurance: −$350
• − Repairs & maintenance: −$980
• − Management: −$980
• − Depreciation: −$2,036
• Taxable income: $3,659
• Est. tax owed @ 24.0%: −$878
• After-tax cash flow: $3,721/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: Tri-County School District
• NCES district ID: 2791446
• Math proficiency: 60% ▼ -10.00%
• Reading proficiency: 65% ▼ -10.00%
• Median HH income: $41,867
• Composite: 53.87/100
• National rank: #3041
• State rank: #130 of 467 in MN

Livability — Strandquist

• Score: 53/100
• State rank: #871
• US rank: #24278

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Strandquist, MN
• Population (ZIP): 351

Population outlook (Marshall County) Hauer SSP2

• Today (2025): 9,191 people
• By 2030: 9,078 · -1.2%
• By 2040: 8,815 · -4.1%
• By 2050: 8,464 · -7.9%
• By 2075: 8,156 · -11.3%
• By 2100: 7,171 · -22.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99% Hispanic / Latino 1%
• Common ancestry: Portuguese 29% Romanian 29% Lithuanian 10%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · Spanish 1% French/Haitian/Cajun 1%

Political lean MEDSL · Marshall

• 2024 margin: Solid R (+51.7) · D 23.4% · R 75.1% · Other 1.4%
• 2008→2024 swing: -52.2pp toward R · 2008: 0.6pp · 2024: -51.7pp
• All cycles: 2024: R+51.7 2020: R+47.5 2016: R+41.4 2012: R+12.1 2008: D+0.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

+442.6% since first listed

7 events — show timeline

• 2026-05-07 Listed $70,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-01 Sold (Public Records) $30,000 Public Records
• 2023-08-01 Sold (MLS) $30,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-06-22 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-06-01 Listed $30,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-10-09 Sold (MLS) $12,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-06-14 Listed $12,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+8.0%/yr

Latest (2026): $324 · +11.7% YoY. Source: county tax records.