410 Lynd St · Marshall, MN 56258

$97,900

4 bd · 2.0 ba · 1,380 sqft · SingleFamily · 41 Days on market

Built 1900 4,356 sqft 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.1/5.0
• Schools +4.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

Key facts

• 4,356 sq ft lot
• Built 1900
• Listed 40 days

Property features AI

Finance

• Financial info: Annual taxes reported: $952 (2025)

Exterior

• Parking: On-street parking only
• Utilities: City water connected; City sewer connected; Natural gas
• Home design: Residential property; Two levels; Corner location at 5th St and Lynd St
• Construction: Stone foundation; Built area includes 1,380 above grade and 120 below grade (total building area ~1,500)
• Exterior features: Vinyl exterior; Lot approximately 0.1 acre (66 x 68)

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 1 full bath; 1 three-quarter bath
• Heating & cooling: Forced air heating; Window unit(s) for cooling
• Interior features: Crawl space basement; Forced air heating; Window AC units

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $98k.

Deal economics

• At list price, monthly cash flow is $631 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $98k).
• Recommended offer: $95k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.0% vs local median 4.2% in Marshall — 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 82/100 on livability (#47 in MN, #1,265 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities C-, employment C-, commute F.
• Marshall Public School District (town): math 46% / reading 48% proficiency, ranked #163 of 301 in MN (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 212 active listings in the ZIP; 91 units permitted in Lyon County in 2024 (72 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $677 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Lyon County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $27k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($95k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 8y 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 $56k; list at $98k implies a 75% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $94,963 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — 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. 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?
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: 1.64% ✓
• Cap rate: 14.03%
• Cash-on-cash: 27.64%
• DSCR: 2.23
• GRM: 5.1

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: 21.7%
• Equity multiple: 1.89×
• Total profit: $24,353
• Equity at exit: $14,597

10-year hold

• IRR: 29.8%
• Equity multiple: 3.66×
• Total profit: $72,996
• Equity at exit: $8,465

Cash invested: $27,412 (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 56258

• Home prices YoY: -33.1%
• Active inventory: 212
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,609 medium
• Mortgage (P&I): −$513
• Tax from tax record: −$86 /mo · $1,030/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $631

Break-even live

Break-even rent $810

Max offer price $97,900

Occupancy floor 56%

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: $24,475
• Closing costs: $2,937
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-19
   days on market $97,900 Active 41 DOM
2. 2026-06-18
   days on market $97,900 Active 40 DOM
3. 2026-06-17
   days on market $97,900 Active 39 DOM
4. 2026-06-16
   days on market $97,900 Active 38 DOM
5. 2026-06-15
   days on market $97,900 Active 37 DOM
6. 2026-06-14
   days on market $97,900 Active 35 DOM
7. 2026-06-12
   days on market $97,900 Active 34 DOM
8. 2026-06-09
   days on market $97,900 Active 31 DOM
9. 2026-06-08
   days on market $97,900 Active 30 DOM
10. 2026-06-07
    days on market $97,900 Active 29 DOM
11. 2026-06-07
    days on market $97,900 Active 28 DOM
12. 2026-06-04
    days on market $97,900 Active 25 DOM
13. 2026-06-02
    days on market $97,900 Active 24 DOM
14. 2026-06-01
    days on market $97,900 Active 23 DOM
15. 2026-05-31
    days on market $97,900 Active 22 DOM
16. 2026-05-31
    days on market $97,900 Active 21 DOM
17. 2026-05-10
    price $97,900 477-char remark
18. 2026-05-09
    listed $99,500 Active 477-char remark
19. 2025-12-05
    historical
20. 2025-10-22
    price $102,000
21. 2025-08-01
    listed $105,900 Active
22. 2022-04-28
    soldstatus $55,900 Sold

    Show marketing remark (377 chars)

    Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

23. 2022-02-11
    status Pending

    Show marketing remark (377 chars)

    Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

24. 2022-01-24
    status Active

    Show marketing remark (377 chars)

    Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

25. 2021-07-29
    price $62,500

    Show marketing remark (377 chars)

    Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

26. 2021-04-15
    price $69,500

    Show marketing remark (377 chars)

    Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

27. 2020-11-30
    price $76,900

    Show marketing remark (377 chars)

    Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

28. 2020-11-02
    status Active

    Show marketing remark (377 chars)

    Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

29. 2020-10-27
    historical

    Show marketing remark (377 chars)

    Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

30. 2020-06-03
    price $79,900

    Show marketing remark (377 chars)

    Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

31. 2020-01-31
    listed $85,000 Active

    Show marketing remark (377 chars)

    Nice 4 bedroom 2 bath home located on a corner lot with many recent upgrades, including a new water heater, toilets, and the main floor bathroom was remodeled all in 2019. This home just had a new furnace installed in 2019. This home is currently rented through June. Don’t miss out on this potential home or income producing property! Property has not been foreclosed.

32. 2019-02-02
    historical
33. 2018-04-23
    listed $80,000

ⓘ 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: $1,030 · $86/mo
• Projected year-2 tax: $1,063 · $89/mo
• Expected delta: +$33/yr (+$3/mo · 3.2%)

ⓘ 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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,313
• − Mortgage interest: −$5,484
• − Property taxes: −$1,030
• − Insurance: −$490
• − Repairs & maintenance: −$1,545
• − Management: −$1,545
• − Depreciation: −$2,848
• Taxable income: $6,371
• Est. tax owed @ 24.0%: −$1,529
• After-tax cash flow: $6,048/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: Marshall Public School District
• NCES district ID: 2718940
• Math proficiency: 46% ▼ -13.00%
• Reading proficiency: 48% ▼ -11.00%
• Median HH income: $47,798
• Composite: 40.09/100
• National rank: #3807
• State rank: #163 of 301 in MN

Livability — Marshall

• Score: 82/100
• State rank: #47
• US rank: #1265

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marshall, MN
• County: Lyon County · 15,888 people
• City population: 15,888
• Metro: Marshall, MN
• Population (ZIP): 15,888
• Household income: $72,731
• Rent vs Own: 34.2% rent · 65.8% own
• Severe rent burden: 483.0

Population outlook (Lyon County) Hauer SSP2

• Today (2025): 25,369 people
• By 2030: 24,890 · -1.9%
• By 2040: 23,599 · -7.0%
• By 2050: 22,383 · -11.8%
• By 2075: 20,076 · -20.9%
• By 2100: 18,901 · -25.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 7% Asian 6% Black 4% Two or more races 4%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 14% English 6% Lithuanian 6%
• Foreign-born: 8% · Canada, Philippines
• Languages at home: 88% English-only · Spanish 6% Other Asian/Pacific 4% Other Indo-European 1%

Political lean MEDSL · Lyon

• 2024 margin: Solid R (+31.8) · D 33.1% · R 64.9% · Other 2.0%
• 2008→2024 swing: -30.2pp toward R · 2008: -1.6pp · 2024: -31.8pp
• All cycles: 2024: R+31.8 2020: R+25.9 2016: R+28.3 2012: R+9.2 2008: R+1.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -87.90%
• Current HPI: 177.471
• Rent YoY: —
• Metro: Marshall, 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

+22.4% since first listed

17 events — show timeline

• 2026-05-10 Price Changed $97,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-09 Listed $99,500 NORTHSTARMLS as Distributed by MLS Grid
• 2025-12-05 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-22 Price Changed $102,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-08-01 Listed $105,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-28 Sold (MLS) $55,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-02-11 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-01-24 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2021-07-29 Price Changed $62,500 NORTHSTARMLS as Distributed by MLS Grid
• 2021-04-15 Price Changed $69,500 NORTHSTARMLS as Distributed by MLS Grid
• 2020-11-30 Price Changed $76,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-11-02 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2020-10-27 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2020-06-03 Price Changed $79,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-01-31 Listed $85,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-04-23 Listed $80,000 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+1.5%/yr

Latest (2026): $1,030 · +8.2% YoY. Source: county tax records.