Canton Plan · Otsego, MN 55301

$415,990

4 bd · 2.5 ba · 1,989 sqft · SingleFamily · 134 Days on market

Good condition Garage

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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 +7.7/30.0
• ARV discount +7.5/15.0
• Schools +6.2/10.0
• Condition / age +4.0/5.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• 1% rule +2.3/10.0
• DSCR +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Castella Meadows is community of new single-family homes nestled on the edge of Otsego, MN, near great shopping and dining options. Otsego offers peaceful suburban living with beautiful nature destinations, well-maintained parks, modern conveniences and easy access to the Mississippi River. Students attend top-rated schools in the Elk River Area School District. Castella Meadows offers easy access to freeways for convenient commutes to nearby Albertville and Maple Grove.

Key facts

• Top-rated schools
• 2 garage spots
• Listed 133 days

Tags

• TOP-RATED SCHOOLS
• EASY ACCESS TO FREEWAYS

🏗️ New construction. The $415,990 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $429,644.

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $416k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-492 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $358k (13.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $314k (24.6% below list).
• Recommended offer: $314k (24.6% below list) — sets the bar for 1% rule.
• Cap rate 4.9% vs local median 3.9% in Otsego — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 69/100 on livability (#367 in MN) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A-; Watch: cost of living C-, amenities F, commute F.
• Independent School District 728 (suburban): math 56% / reading 60% proficiency, ranked #37 of 301 in MN (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Otsego Elementary (math 64% / reading 64%, grade B, #157 of 857 statewide, top 19%, 563 students, 21% FRL); Rogers Middle School (math 61% / reading 63%, grade B+, #19 of 258 statewide, top 8%, 979 students, 16% FRL); Rogers Senior High (math 66% / reading 64%, grade B, #28 of 471 statewide, top 6%, 1,740 students, 18% FRL) — zoned schools at 18% FRL track the district average.
• Market conditions: 243 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,260 units permitted in Wright County in 2024 (180 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $13k of value loss. Plan a longer hold.
• Wright 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 134 days — a 12% lower offer ($366k) is reasonable based on typical stale-listing flexibility.

Recommended offer $313,510 (24.6% 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 134 days. Have you received any prior offers? Is the seller open to a 25% concession, seller financing, or rate buy-down credit?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.73% ✗
• Cap rate: 4.92%
• Cash-on-cash: -4.91%
• DSCR: 0.78
• GRM: 11.4

CMA / ARV

• ARV (median comp): $429,644
• List price: $415,990
• Delta: -3.18%
• Verdict: FAIR
• Comps: 2 within 2.0 mi

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
11453 81st Ln NE	1.56mi	4/3.0	2,049 (+3%)	49mo	$408,990	$200	38
11528 81st Ln NE	1.64mi	4/3.0	2,050 (+3%)	38mo	$402,000	$196	38
7303 Kalland Cir NE	0.61mi	3/3.0 (-1)	2,086 (+5%)	22mo	$310,000	$149	38
7301 Kalland Cir NE	0.61mi	3/3.0 (-1)	2,187 (+10%)	56mo	$350,000	$160	28
9856 51st St NE	2.19mi	4/3.0	2,439 (+23%)	48mo	$484,990	$199	18
9828 51st St NE	2.17mi	4/3.0	2,489 (+25%)	53mo	$525,720	$211	18
6999 Linwood Dr NE	1.14mi	3/3.0 (-1)	1,695 (-15%)	37mo	$330,000	$195	13
8061 Lander Ave NE	1.50mi	5/3.0 (+1)	2,505 (+26%)	27mo	$453,100	$181	13
10701 58th St NE	1.65mi	3/2.0 (-1)	1,660 (-16%)	42mo	$335,000	$202	13
8358 Lamont Ave NE	1.56mi	2/2.0 (-2)	1,734 (-13%)	28mo	$575,000	$332	12

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -24.6%
• Equity multiple: 0.16×
• Total profit: $-100,938
• Equity at exit: $64,061

10-year hold

• IRR: -20.2%
• Equity multiple: -0.06×
• Total profit: $-128,089
• Equity at exit: $37,148

Cash invested: $120,300 (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 →

Active competition Active MLS

• For sale now: 14 active · 4 under contract
• Median asking: $420,345 ($206/sqft)
• Median days on market: 57 d
• This list price: 43% of active listings are priced below it
• ARV vs active asking: +5.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 55301

• Home prices YoY: -14.2%
• Active inventory: 243
• Price-to-rent: 11.1×

Monthly cashflow live

• Estimated rent: $3,135 medium
• Mortgage (P&I): −$2,253
• Tax est. 1.5%: −$537 /mo · $6,445/yr
• Insurance: −$179
• HOA: −$0
• Vacancy / Maint / Mgmt: −$658
• Net cashflow: $-492

Break-even live

Break-even rent $3,758

Max offer price $358,387

Occupancy floor —

Sensitivity live

Price	-10% $-196	-5% $-344	+0% $-492	+5% $-641	+10% $-789
Rent	-10% $-740	-5% $-616	+0% $-492	+5% $-369	+10% $-245
Rate	-1.0pp $-276	-0.5pp $-383	base $-492	+0.5pp $-604	+1.0pp $-717

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: $107,411
• Closing costs: $12,889
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7645 Lachman Ave NE Otsego, MN	3.0	2.5	1550	$2,300	$1.48	0d	1	1.07mi
7712 Lachman Ave NE Albertville, MN	3.0	2.0	1525	$2,259	$1.48	87d	1	1.13mi

Property features AI

Finance

• Financial info: List price: $406,990

Exterior

• Parking: 2 garage spaces (2 total parking spaces)
• Home design: New construction planSingle-family plan (Canton)
• Exterior features: Address: 7302 Kaeding Ave NE, Otsego, MN 55301

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms, 1 half bathroom (2.5 total)
• Interior features: Plan name: CantonLiving area: 1989

Listing history 50 events

1. 2026-09-24
   days on market $415,990 Active 134 DOM
2. 2026-09-23
   days on market $415,990 Active 133 DOM
3. 2026-09-22
   days on market $415,990 Active 132 DOM
4. 2026-09-21
   days on market $415,990 Active 131 DOM
5. 2026-09-20
   days on market $415,990 Active 130 DOM
6. 2026-09-19
   days on market $415,990 Active 129 DOM
7. 2026-09-18
   days on market $415,990 Active 128 DOM
8. 2026-09-17
   days on market $415,990 Active 127 DOM
9. 2026-09-16
   days on market $415,990 Active 126 DOM
10. 2026-09-15
    days on market $415,990 Active 125 DOM
11. 2026-09-14
    days on market $415,990 Active 124 DOM
12. 2026-09-13
    days on market $415,990 Active 123 DOM
13. 2026-09-12
    days on market $415,990 Active 122 DOM
14. 2026-09-11
    days on market $415,990 Active 121 DOM
15. 2026-09-05
    days on market $415,990 Active 115 DOM
16. 2026-09-04
    days on market $415,990 Active 114 DOM
17. 2026-09-03
    days on market $415,990 Active 113 DOM
18. 2026-08-31
    days on market $415,990 Active 110 DOM
19. 2026-08-29
    days on market $415,990 Active 108 DOM
20. 2026-08-28
    days on market $415,990 Active 107 DOM
21. 2026-08-27
    days on market $415,990 Active 106 DOM
22. 2026-08-26
    days on market $415,990 Active 105 DOM
23. 2026-08-25
    days on market $415,990 Active 104 DOM
24. 2026-08-24
    days on market $415,990 Active 103 DOM
25. 2026-08-23
    days on market $415,990 Active 102 DOM
26. 2026-08-22
    days on market $415,990 Active 101 DOM
27. 2026-08-21
    days on market $415,990 Active 100 DOM
28. 2026-08-20
    days on market $415,990 Active 99 DOM
29. 2026-08-19
    days on market $415,990 Active 98 DOM
30. 2026-08-18
    days on market $415,990 Active 97 DOM
31. 2026-08-17
    days on market $415,990 Active 96 DOM
32. 2026-08-16
    days on market $415,990 Active 95 DOM
33. 2026-08-15
    days on market $415,990 Active 94 DOM
34. 2026-08-14
    days on market $415,990 Active 93 DOM
35. 2026-08-13
    days on market $415,990 Active 92 DOM
36. 2026-08-12
    days on market $415,990 Active 91 DOM
37. 2026-08-11
    days on market $415,990 Active 90 DOM
38. 2026-08-10
    days on market $415,990 Active 89 DOM
39. 2026-08-09
    days on market $415,990 Active 88 DOM
40. 2026-08-08
    days on market $415,990 Active 87 DOM
41. 2026-08-06
    days on market $415,990 Active 85 DOM
42. 2026-08-05
    days on market $415,990 Active 84 DOM
43. 2026-08-04
    days on market $415,990 Active 83 DOM
44. 2026-08-03
    days on market $415,990 Active 82 DOM
45. 2026-07-31
    days on market $415,990 Active 79 DOM
46. 2026-07-30
    days on market $415,990 Active 77 DOM
47. 2026-07-28
    days on market $415,990 Active 76 DOM
48. 2026-07-26
    pricedays on market $415,990 Active 74 DOM
49. 2026-07-24
    days on market $413,990 Active 72 DOM
50. 2026-07-23
    days on market $413,990 Active 71 DOM

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

Taxation est. · year 1

• Rental income: $37,621
• − Mortgage interest: −$24,067
• − Property taxes: −$6,445
• − Insurance: −$2,148
• − Repairs & maintenance: −$3,010
• − Management: −$3,010
• − Depreciation: −$12,499
• Taxable loss: −$13,557
• Est. tax savings @ 24.0%: +$3,254
• After-tax cash flow: $-2,656/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.

Condition & rehab AI · 1 photo

Good 80/100 None rehab

This single-family home in Canton Plan, Otsego, MN, is in good condition with minimal maintenance needed. Painting the exterior and replacing gutters would significantly enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and resale value ↑
• Both Replace gutters — Improves home's appearance and functionality ↑

C Composite school gradezoned avg 62/100

Zoned Schools

Elementary Prairie View Elementary School B+ MN #118/857 Nat'l #4,921/41,679 Middle Prairie View Middle School B- MN #48/258 Nat'l #2,699/14,009 High Rogers Senior High B MN #28/471 Nat'l #2,785/17,239

Schools (NCES district)

• District: Independent School District 728
• NCES district ID: 2711370
• Math proficiency: 56% ▼ -15.00%
• Reading proficiency: 60% ▼ -10.00%
• Median HH income: $82,336
• Composite: 52.5/100
• National rank: #1567
• State rank: #37 of 301 in MN

C Composite livability gradescore 69/100

Livability — Otsego

• Score: 69/100
• State rank: #367
• US rank: #8641

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Otsego, MN
• County: Wright County · 142,526 people
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 13,482
• Household income: $129,232
• Rent vs Own: 8.6% rent · 91.4% own
• Severe rent burden: 22% of renters

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Population outlook (Wright County) Hauer SSP2

• Today (2025): 142,526 people
• By 2030: 146,915 · +3.1%
• By 2040: 153,625 · +7.8%
• By 2050: 155,416 · +9.0%
• By 2075: 150,352 · +5.5%
• By 2100: 130,631 · -8.3%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 7% Two or more races 5% Asian 2%
• Common ancestry: Portuguese 10% Romanian 5% Lithuanian 4%
• Foreign-born: 7% · South Korea, China, Canada

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Political lean MEDSL · Wright

• 2024 margin: Strong R (+29.4) · D 34.4% · R 63.8% · Other 1.8%
• 2008→2024 swing: -11.9pp toward R · 2008: -17.4pp · 2024: -29.4pp
• All cycles: 2024: R+29.4 2020: R+28.6 2016: R+33.2 2012: R+21.4 2008: R+17.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -38.52%
• Current HPI: 233.6299
• Rent YoY: —
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• State GDP YoY: ▲ 2.41%
• F500 in state: 34

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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

Property features AI

Finance

• Financial info: List price: $406,990

Exterior

• Parking: 2 garage spaces (2 total parking spaces)
• Home design: New construction planSingle-family plan (Canton)
• Exterior features: Address: 7302 Kaeding Ave NE, Otsego, MN 55301

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms, 1 half bathroom (2.5 total)
• Interior features: Plan name: CantonLiving area: 1989