815 334th Ave NE · Cambridge, MN 55008

$165,000

2 bd · 1.0 ba · 1,040 sqft · SingleFamily public records · 7 Days on market

Built 1962 0.46 ac lot $159/sqft · 28% below area Est $230k · 28% under ↓ 8% since listing

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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 +9.5/30.0
• Schools +4.5/10.0
• Livability +3.8/5.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks

One owner berm home near the Anoka Ramsey Community College and the Armed forces reserve/Community Center and just over two miles from the Cambridge airport. The home is in need of remodeling and is being sold AS-IS with all contents. The main level has two non-compliant bedrooms, due to non-egress windows. One of the bedrooms has the washer and dryer in it and the other has a narrow staircase to the unfinished upper level. The living room has a wood burning fireplace and the kitchen has an island that makes a great space for eating. The unfinished upper level has a separate entrance from the west side of the home, a full bath, and two rooms to create the space you need. The lot is almost

Key facts

• Separate entrance
• Sauna
• Kitchen island

Tags

• WOOD BURNING FIREPLACE
• KITCHEN ISLAND
• UNFINISHED UPPER LEVEL
• SEPARATE ENTRANCE
• 30 X 40 FOOT POLE BARN
• SAUNA

Property features AI

Finance

• Financial info: Property is free and clear

Exterior

• Parking: 4-car garage (30 x 40) with 9' x 7' garage doors; Gravel parking; Garage door opener
• Utilities: Private water: well / sand point; Private septic system (tank with drainage field); septic system compliant; Natural gas fuel; Electric service: circuit breakers, 100 amp
• Home design: Residential property; One-and-a-half story
• Construction: Block and frame construction; Asphalt roof (over 8 years old); Foundation: block and slab; Built with a 1,040 sq ft main-level finished area
• Exterior features: Pole building; Paved streets and township road frontage; Publicly maintained road

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Kitchen window
• Bedrooms: 2 bedrooms (Main floor: two bedrooms listed — one primary and one additional); Upper-level bonus rooms (three separate bonus rooms)
• Bathrooms: One full bathroom; One 3/4 bathroom on the main floor
• Heating & cooling: Hot water boiler heating; Fireplace heating (wood-burning); No central air listed
• Interior features: Eat-in kitchen; Main floor primary bedroom; Main floor bedroom; Main floor laundry; Sauna; Brick wood-burning fireplace in the living room
• Laundry & utility: Main-level laundry with electric dryer hookup; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $-114 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $145k (12.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $122k (25.9% below list).
• Recommended offer: $122k (25.9% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 2.9% in Cambridge — 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 75/100 on livability (#180 in MN, #3,872 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, crime A; Watch: amenities F, commute F.
• Cambridge-Isanti Public School District (town): math 47% / reading 55% proficiency, ranked #96 of 301 in MN (top 32%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Cambridge Intermediate School (math 62% / reading 55%, grade B-, #251 of 857 statewide, top 30%, 503 students, 40% FRL); Cambridge Middle School (math 43% / reading 62%, grade C+, #59 of 258 statewide, top 24%, 605 students, 36% FRL); Cambridge-Isanti High School (math 37% / reading 60%, grade D, #156 of 471 statewide, top 33%, 1,605 students, 36% FRL).
• Market conditions: 193 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 191 units permitted in Isanti County in 2024 (28 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Isanti County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.

Recommended offer $122,208 (25.9% 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. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.74% ✗
• Cap rate: 5.46%
• Cash-on-cash: -2.96%
• DSCR: 0.87
• GRM: 11.3

CMA / ARV

• ARV (median comp): $230,373
• List price: $165,000
• Delta: -28.38%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -21.3%
• Equity multiple: 0.26×
• Total profit: $-34,012
• Equity at exit: $24,602

10-year hold

• IRR: -14.8%
• Equity multiple: 0.16×
• Total profit: $-39,036
• Equity at exit: $14,266

Cash invested: $46,200 (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 55008

• Home prices YoY: -8.9%
• Active inventory: 193
• Price-to-rent: 11.3×

Monthly cashflow live

• Estimated rent: $1,222 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$145 /mo · $1,744/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$257
• Net cashflow: $-114

Break-even live

Break-even rent $1,366

Max offer price $144,876

Occupancy floor —

Sensitivity live

Price	-10% $-21	-5% $-67	+0% $-114	+5% $-161	+10% $-207
Rent	-10% $-210	-5% $-162	+0% $-114	+5% $-66	+10% $-17
Rate	-1.0pp $-31	-0.5pp $-72	base $-114	+0.5pp $-157	+1.0pp $-200

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
141 Birch St N Cambridge, MN	2.0	1.0	900	$1,395	$1.55	26d	1	1.07mi
117 Birch St S Unit 2 Cambridge, MN	2.0	1.0	850	$1,150	$1.35	1d	1	1.08mi
120 Main St S #2 Cambridge, MN	2.0	1.0	900	$1,100	$1.22	26d	1	1.24mi

Listing history 2 events

1. 2026-05-18
   status Pending 1285-char remark
2. 2026-05-11
   listed $165,000 Active 1285-char remark

ⓘ 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: $1,744 · $145/mo
• Projected year-2 tax: $1,796 · $150/mo
• Expected delta: +$52/yr (+$4/mo · 3.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,665
• − Mortgage interest: −$9,243
• − Property taxes: −$1,744
• − Insurance: −$825
• − Repairs & maintenance: −$1,173
• − Management: −$1,173
• − Depreciation: −$4,800
• Taxable loss: −$4,293
• Est. tax savings @ 24.0%: +$1,030
• After-tax cash flow: $-337/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: Cambridge-Isanti Public School District
• NCES district ID: 2707410
• Math proficiency: 47% ▼ -12.00%
• Reading proficiency: 55% ▼ -7.00%
• Median HH income: $61,340
• Composite: 44.67/100
• National rank: #2764
• State rank: #96 of 301 in MN

Livability — Cambridge

• Score: 75/100
• State rank: #180
• US rank: #3872

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 16,091

Population outlook (Isanti County) Hauer SSP2

• Today (2025): 39,507 people
• By 2030: 39,545 · +0.1%
• By 2040: 38,556 · -2.4%
• By 2050: 35,837 · -9.3%
• By 2075: 27,423 · -30.6%
• By 2100: 18,928 · -52.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Asian 3% Two or more races 2% Black 2% Hispanic / Latino 1%
• Common ancestry: Portuguese 15% Romanian 3% Lithuanian 3%
• Foreign-born: 4% · Canada, China
• Languages at home: 96% English-only · Other Asian/Pacific 2% Spanish 1% Other Indo-European 1%

Political lean MEDSL · Isanti

• 2024 margin: Solid R (+41.2) · D 28.6% · R 69.8% · Other 1.6%
• 2008→2024 swing: -25.9pp toward R · 2008: -15.3pp · 2024: -41.2pp
• All cycles: 2024: R+41.2 2020: R+38.6 2016: R+38.2 2012: R+18.1 2008: R+15.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -31.49%
• Current HPI: 321.7619
• 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

-7.6% since first listed

3 events — show timeline

• 2026-05-29 Sold (MLS) $152,500 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-18 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-11 Listed $165,000 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+3.4%/yr

Latest (2025): $1,744 · -6.2% YoY. Source: county tax records.