1911 Viking Dr NW #27 · Rochester, MN 55901

$89,900

1 bd · 1.0 ba · 693 sqft · Condo public records · 49 Days on market

Built 1970 $377/mo HOA · 31% of rent

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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 +12.3/30.0
• 1% rule +8.5/10.0
• ARV discount +7.5/15.0
• Livability +4.6/5.0
• Schools +4.1/10.0
• DSCR +3.6/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable 1 bedroom condo for easy living or an investment opportunity in a great location! Fresh paint, new LVP flooring, new closet doors and move in ready! Enjoy the secured building with a private balcony, indoor and outdoor pools, fitness area and sauna, party room, storage area, indoor security system with phone access; expanded basic cable, water, sewer, and trash, 24/7 emergency maintenance support, and lawn care & snow removal. Lowest HOA fee of the entire complex!

Key facts

• $377 HOA
• Community pool
• Built 1970

Property features AI

Finance

• Other: Shared indoor pool (shared); Shared amenities include amusement/party room and exercise room
• HOA & community: Vahalla 8 Association; Monthly association fee of $377; HOA amenities include laundry (coin-op), lobby entrance, and shared recreation facilities; Association fee covers cable TV, hazard insurance, heating, lawn care, professional management, recreation facility use, and snow removal

Exterior

• Parking: Parking lot
• Utilities: City water connected; City sewer connected; Natural gas
• Home design: Residential attached property; One level
• Construction: Block construction; 731 sq ft above grade
• Exterior features: Stucco exterior; Patio; Irregular lot; City street frontage

Interior

• Kitchen: Cooktop; Range; Microwave; Dishwasher; Refrigerator
• Bedrooms: 1 bedroom (main level) — approximately 11 x 14
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Boiler heating with baseboard distribution; Wall air conditioning unit(s)
• Interior features: All living facilities on one level; Informal dining area; Exhaust fan
• Laundry & utility: Common area laundry (coin-op)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $-83 ($-996/yr) — negative.
• To cash-flow at today's rent, offer at most $75k (16.3% below list).
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $75k (16.3% below list) — sets the bar for cash-flow.
• Cap rate 6.1% vs local median 3.5% in Rochester — 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 92/100 on livability (#1 in MN, #27 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+.
• Rochester Public School District (urban): math 40% / reading 51% proficiency, ranked #152 of 301 in MN (top 50%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Elton Hills Elementary (math 32% / reading 37%, grade F, #655 of 857 statewide, top 78%, 316 students, 61% FRL); John Marshall Senior High (math 37% / reading 58%, grade D, #162 of 471 statewide, top 35%, 1,573 students, 43% FRL) — zoned schools average 52% FRL vs 31% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.2%/yr); 509 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,267 units permitted in Olmsted County in 2024 (915 in 5+ unit buildings).
• This rent is only 15% of the median local income ($95k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Olmsted County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 26y 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.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 31% of rent.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $75,231 (16.3% 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 49 days. Have you received any prior offers? Is the seller open to a 16% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. Schools are A-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?
9. 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?
10. 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.
11. 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.
12. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.35% ✓
• Cap rate: 6.07%
• Cash-on-cash: -0.79%
• DSCR: 0.96
• GRM: 6.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.18% rent growth · sell at horizon

5-year hold

• IRR: -24.1%
• Equity multiple: 0.18×
• Total profit: $-20,572
• Equity at exit: $13,404

10-year hold

• IRR: -22.7%
• Equity multiple: -0.10×
• Total profit: $-27,605
• Equity at exit: $7,773

Cash invested: $25,172 (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 55901

• Home prices YoY: -33.2%
• Rents YoY: 2.2%
• Active inventory: 509
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,211 high
• Mortgage (P&I): −$471
• Tax from tax record: −$87 /mo · $1,048/yr
• Insurance: −$37
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$377
• Vacancy / Maint / Mgmt: −$254
• Net cashflow: $-83

Break-even live

Break-even rent $1,316

Max offer price $75,231

Occupancy floor —

Sensitivity live

Price	-10% $-32	-5% $-58	+0% $-83	+5% $-108	+10% $-134
Rent	-10% $-179	-5% $-131	+0% $-83	+5% $-35	+10% $13
Rate	-1.0pp $-38	-0.5pp $-60	base $-83	+0.5pp $-106	+1.0pp $-130

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1931 Viking Dr NW #24 Rochester, MN	1.0	1.0	700	$1,200	$1.71	44d	1	0.06mi
226 13th St NW Unit 27 Rochester, MN	2.0	1.0	705	$1,120	$1.59	21d	1	0.59mi
210 13th St NW Unit 9 Rochester, MN	1.0	1.0	512	$1,045	$2.04	44d	1	0.61mi
204 13th St NW Rochester, MN	2.0	1.0	705	$1,208	$1.71	14d	4	0.62mi
109 16th St NE Unit A109-6 Rochester, MN	2.0	1.0	516	$1,095	$2.12	44d	1	0.65mi
109 16th St NE Unit A109-7 Rochester, MN	2.0	1.0	516	$975	$1.89	44d	1	0.65mi
970 11th Ave NW Rochester, MN	1.0–3.0	1.0–2.0	952	$1,127	$1.18	14d	6	0.86mi
212 7th St NW Unit 3 Rochester, MN	1.0	1.0	350	$950	$2.71	44d	1	0.97mi
1258 17th Ave NW Rochester, MN	1.0–2.0	1.0	712	$1,035	$1.45	21d	5	1.02mi
28 7th St NE Rochester, MN	2.0	1.0–2.0	789	$2,000	$2.53	21d	18	1.07mi
400 1st Ave NW Rochester, MN	1.0–2.0	1.0–2.0	819	$1,297	$1.58	14d	7	1.17mi
401 Broadway Ave N Rochester, MN	2.0	1.0–2.0	799	$1,582	$1.98	14d	22	1.22mi
1617 4th St NW Rochester, MN	3.0	1.0	790	$962	$1.22	14d	1	1.31mi
2409 Highway 52 N Rochester, MN	2.0	1.0	650	$1,028	$1.58	14d	10	1.34mi
603 1st St SW Rochester, MN	2.0	1.0	512	$1,120	$2.19	14d	3	1.46mi
621 1st St SW Rochester, MN	1.0	1.0	525	$1,170	$2.23	14d	3	1.47mi

HOA detail condo

• Monthly dues: $377 · $4,524/yr
• Likely covers: watersewertrashcablelandscapingsnow removalpoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 43 events

1. 2026-06-19
   days on market $89,900 Active 49 DOM
2. 2026-06-18
   days on market $89,900 Active 48 DOM
3. 2026-06-17
   days on market $89,900 Active 47 DOM
4. 2026-06-16
   days on market $89,900 Active 46 DOM
5. 2026-06-15
   days on market $89,900 Active 45 DOM
6. 2026-06-14
   days on market $89,900 Active 43 DOM
7. 2026-06-13
   days on market $89,900 Active 42 DOM
8. 2026-06-10
   days on market $89,900 Active 40 DOM
9. 2026-06-09
   days on market $89,900 Active 39 DOM
10. 2026-06-08
    days on market $89,900 Active 38 DOM
11. 2026-06-07
    days on market $89,900 Active 37 DOM
12. 2026-06-05
    days on market $89,900 Active 34 DOM
13. 2026-06-03
    days on market $89,900 Active 33 DOM
14. 2026-06-02
    days on market $89,900 Active 32 DOM
15. 2026-06-01
    days on market $89,900 Active 31 DOM
16. 2026-05-31
    days on market $89,900 Active 30 DOM
17. 2026-05-30
    days on market $89,900 Active 29 DOM
18. 2026-05-02
    listed $89,900 Active 512-char remark
19. 2026-04-30
    historical $89,900 512-char remark
20. 2024-08-21
    soldstatus $85,000
21. 2024-07-30
    soldstatus $85,000 Sold 483-char remark

    Show marketing remark (483 chars)

    Affordable 1 bedroom condo for easy living or an investment opportunity in a great location! Fresh paint, new LVP flooring, new closet doors and move in ready! Enjoy the secured building with a private balcony, indoor and outdoor pools, fitness area and sauna, party room, storage area, indoor security system with phone access; expanded basic cable, water, sewer, and trash, 24/7 emergency maintenance support, and lawn care & snow removal. Lowest HOA fee of the entire complex!

22. 2024-06-23
    status Pending 483-char remark

    Show marketing remark (483 chars)

    Affordable 1 bedroom condo for easy living or an investment opportunity in a great location! Fresh paint, new LVP flooring, new closet doors and move in ready! Enjoy the secured building with a private balcony, indoor and outdoor pools, fitness area and sauna, party room, storage area, indoor security system with phone access; expanded basic cable, water, sewer, and trash, 24/7 emergency maintenance support, and lawn care & snow removal. Lowest HOA fee of the entire complex!

23. 2024-06-10
    price $89,900 483-char remark

    Show marketing remark (483 chars)

    Affordable 1 bedroom condo for easy living or an investment opportunity in a great location! Fresh paint, new LVP flooring, new closet doors and move in ready! Enjoy the secured building with a private balcony, indoor and outdoor pools, fitness area and sauna, party room, storage area, indoor security system with phone access; expanded basic cable, water, sewer, and trash, 24/7 emergency maintenance support, and lawn care & snow removal. Lowest HOA fee of the entire complex!

24. 2024-06-06
    listed $99,900 Active 483-char remark

    Show marketing remark (483 chars)

    Affordable 1 bedroom condo for easy living or an investment opportunity in a great location! Fresh paint, new LVP flooring, new closet doors and move in ready! Enjoy the secured building with a private balcony, indoor and outdoor pools, fitness area and sauna, party room, storage area, indoor security system with phone access; expanded basic cable, water, sewer, and trash, 24/7 emergency maintenance support, and lawn care & snow removal. Lowest HOA fee of the entire complex!

25. 2020-11-06
    soldstatus $58,124
26. 2020-09-25
    soldstatus $58,122 Sold

    Show marketing remark (266 chars)

    Move-in ready 1 bedroom, 1 bath condo. Enjoy onsite fitness room, party room, and indoor and outdoor pool. Quiet setting with balcony. HOA includes the heat, water, sewer, expanded cable, garbage and use of the exercise room, party room and indoor and outdoor pools.

27. 2020-09-14
    status Pending

    Show marketing remark (266 chars)

    Move-in ready 1 bedroom, 1 bath condo. Enjoy onsite fitness room, party room, and indoor and outdoor pool. Quiet setting with balcony. HOA includes the heat, water, sewer, expanded cable, garbage and use of the exercise room, party room and indoor and outdoor pools.

28. 2020-09-02
    historical Contingent - Inspection

    Show marketing remark (266 chars)

    Move-in ready 1 bedroom, 1 bath condo. Enjoy onsite fitness room, party room, and indoor and outdoor pool. Quiet setting with balcony. HOA includes the heat, water, sewer, expanded cable, garbage and use of the exercise room, party room and indoor and outdoor pools.

29. 2020-08-17
    price $59,900

    Show marketing remark (266 chars)

    Move-in ready 1 bedroom, 1 bath condo. Enjoy onsite fitness room, party room, and indoor and outdoor pool. Quiet setting with balcony. HOA includes the heat, water, sewer, expanded cable, garbage and use of the exercise room, party room and indoor and outdoor pools.

30. 2020-06-18
    listed $69,900 Active

    Show marketing remark (266 chars)

    Move-in ready 1 bedroom, 1 bath condo. Enjoy onsite fitness room, party room, and indoor and outdoor pool. Quiet setting with balcony. HOA includes the heat, water, sewer, expanded cable, garbage and use of the exercise room, party room and indoor and outdoor pools.

31. 2018-12-10
    historical
32. 2018-12-10
    historical
33. 2017-11-22
    soldstatus $64,000
34. 2017-11-22
    soldstatus $64,000
35. 2017-09-01
    listed $69,900
36. 2015-01-08
    soldstatus $43,500
37. 2014-09-02
    soldstatus $43,500
38. 2014-04-17
    listed $43,500
39. 2000-09-22
    soldstatus $45,500
40. 2000-09-22
    soldstatus $45,500
41. 2000-08-22
    historical
42. 2000-08-15
    listed $45,500
43. 1999-11-30
    soldstatus $36,000

ⓘ 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: $1,048 · $87/mo
• Projected year-2 tax: $1,048 · $87/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 96% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 15 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: $14,532
• − Mortgage interest: −$5,036
• − Property taxes: −$1,048
• − Insurance: −$1,247
• − Repairs & maintenance: −$1,163
• − Management: −$1,163
• − HOA: −$4,524
• − Depreciation: −$2,615
• Taxable loss: −$2,264
• Est. tax savings @ 24.0%: +$543
• After-tax cash flow: $-453/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: Rochester Public School District
• NCES district ID: 2731800
• Math proficiency: 40% ▼ -10.00%
• Reading proficiency: 51% ▼ -4.00%
• Median HH income: $66,540
• Composite: 40.6/100
• National rank: #3695
• State rank: #152 of 301 in MN

Livability — Rochester

• Score: 92/100
• State rank: #1
• US rank: #27

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rochester, MN
• County: Olmsted County · 135,035 people
• City population: 135,035
• Metro: Rochester, MN
• Population (ZIP): 58,495
• Household income: $94,607
• Rent vs Own: 35.7% rent · 64.3% own
• Severe rent burden: 1651.0

Population outlook (Olmsted County) Hauer SSP2

• Today (2025): 165,999 people
• By 2030: 172,425 · +3.9%
• By 2040: 183,785 · +10.7%
• By 2050: 192,981 · +16.3%
• By 2075: 215,284 · +29.7%
• By 2100: 224,887 · +35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 12% Asian 8% Two or more races 6% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Portuguese 11% Romanian 3% Iranian 2%
• Foreign-born: 15% · Canada, Vietnam, China
• Languages at home: 81% English-only · Spanish 3% Other Asian/Pacific 3% Arabic 2%

Political lean MEDSL · Olmsted

• 2024 margin: D (+10.7) · D 54.3% · R 43.6% · Other 2.1%
• 2008→2024 swing: +7.4pp toward D · 2008: 3.3pp · 2024: 10.7pp
• All cycles: 2024: D+10.7 2020: D+10.7 2016: D+0.8 2012: D+3.2 2008: D+3.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -126.08%
• Current HPI: 253.7999
• Rent YoY: ▲ 2.18%
• Metro: Rochester, 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

+149.7% since first listed

26 events — show timeline

• 2026-05-02 Listed $89,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-30 Coming Soon $89,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-21 Sold (Public Records) $85,000 Public Records
• 2024-07-30 Sold (MLS) $85,000 NORTHSTARMLS as Distributed by MLS Grid
• 2024-06-23 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2024-06-10 Price Changed $89,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-06-06 Listed $99,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-11-06 Sold (Public Records) $58,124 Public Records
• 2020-09-25 Sold (MLS) $58,122 NORTHSTARMLS as Distributed by MLS Grid
• 2020-09-14 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2020-09-02 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2020-08-17 Price Changed $59,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-06-18 Listed $69,900 NORTHSTARMLS as Distributed by MLS Grid
• 2018-12-10 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-12-10 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2017-11-22 Sold (Public Records) $64,000 Public Records
• 2017-11-22 Sold (MLS) $64,000 NORTHSTARMLS as Distributed by MLS Grid
• 2017-09-01 Listed $69,900 NORTHSTARMLS as Distributed by MLS Grid
• 2015-01-08 Sold (Public Records) $43,500 Public Records
• 2014-09-02 Sold (MLS) $43,500 NORTHSTARMLS as Distributed by MLS Grid
• 2014-04-17 Listed $43,500 NORTHSTARMLS as Distributed by MLS Grid
• 2000-09-22 Sold (Public Records) $45,500 Public Records
• 2000-09-22 Sold (MLS) $45,500 NORTHSTARMLS as Distributed by MLS Grid
• 2000-08-22 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2000-08-15 Listed $45,500 NORTHSTARMLS as Distributed by MLS Grid
• 1999-11-30 Sold (Public Records) $36,000 Public Records

Property tax history

+10.4%/yr

Latest (2025): $1,048 · +17.5% YoY. Source: county tax records.