11010 Yalta St NE Unit C · Blaine, MN
Flood risk 1/10 · Minimal
- FEMA flood zone
- A
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $1,009 – $1,996
Fire risk 3/10 · Minor
- Est. fire insurance / yr
- $888 – $1,650
Heat risk 2/10 · Minimal
- Hot days now (above 99°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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 +10.4/15.0
- Cash flow +9.6/30.0
- Schools +4.8/10.0
- Condition / age +4.0/5.0
- Rent growth +3.6/5.0
- Livability +3.6/5.0
- 1% rule +3.5/10.0
- DSCR +2.7/10.0
- Appreciation +0.0/10.0
$339,990
11010 Yalta St NE Unit C · Blaine, MN 55449
3 bd · 3.0 ba · 1,760 sqft · Condo
public records
· 52 Days on market
Built 2022
Garage
$193/sqft
· 6% below area
Est $364k · 6% under
$261/mo HOA · 9% of rent
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks
Enjoy modern living in this like-new two-story townhome, built in 2022 and located in the desirable North Meadows community. This exceptional townhome blends contemporary style with practical functionality, offering bright and open living spaces throughout. The upper level offers three generously sized bedrooms and a versatile loft that can serve as a home office, reading retreat, fitness area, or playroom. The private owner's suite includes a ¾ bath, while two additional bedrooms and a full bath provide comfortable accommodations for family and guests. The conveniently located upper-level laundry room adds everyday ease, keeping all bedrooms and laundry on the same floor.
Key facts
- Open concept design
- Versatile loft
- Two story townhome
Tags
Neighborhood map
Sold within
Property
Rental comp
Retail
Costco
Walmart
Transit
Schools
Stadiums
Fortune 500
· Circle radius: 6.0 mi
Loading POIs…
What this means for you Summary
Snapshot
- This is a 3-bed/3.0-bath condo listed at $340k. Condition is rated good.
Deal economics
- At list price, monthly cash flow is $-358 ($-4k/yr) — negative.
- To cash-flow at today's rent, offer at most $277k (18.6% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $288k (15.3% below list).
- Recommended offer: $277k (18.6% below list) — sets the bar for cash-flow.
- Cap rate 5.5% vs local median 3.9% in Blaine — 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 71/100 on livability (#315 in MN) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: amenities F, commute F.
- Spring Lake Park Public Schools (suburban): math 41% / reading 49% proficiency, ranked #162 of 301 in MN (top 54%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Zoned schools: Woodcrest El. Spanish Immersion (math 52% / reading 47%, grade D, #423 of 857 statewide, top 55%, 542 students, 37% FRL); Westwood Intermediate & Middle Sch (math 34% / reading 54%, grade D, #126 of 258 statewide, top 49%, 1,691 students, 49% FRL); Spring Lake Park Senior High (math 47% / reading 32%, grade F, #246 of 471 statewide, top 59%, 1,947 students, 46% FRL).
- Market conditions: Rents rising fast (+4.4%/yr); 336 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 10d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,083 units permitted in Anoka County in 2024 (134 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
- Anoka County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
Negotiation context
- It's been on market 52 days — a 3% lower offer ($330k) is reasonable based on typical stale-listing flexibility.
- 3 sale attempts since 3y 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 $125/mo.
- Climate carrying-cost: in FEMA flood zone A (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.
Recommended offer
$276,781
(18.6% below list)
Questions for the listing agent
- 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?
- It's been on market 52 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- 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?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 0.85% ✗
- Cap rate
- 5.47%
- Cash-on-cash
- -2.93%
- DSCR
- 0.87
- GRM
- 9.8
CMA / ARV
- ARV (median comp)
- $363,581
- List price
- $339,990
- Delta
- -6.49%
- Verdict
- FAIR
- Comps
- 3 within 2.0 mi
Show comp detail 10 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 3292 119th Ave NE | 1.39mi | 3/3.0 | 1,805 (+3%) | 19mo | $450,000 | $249 | 45 |
| 4765 105th Ln NE | 1.24mi | 3/1.0 | 1,952 (+11%) | 1mo | $355,000 | $182 | 38 |
| 4902 107th Ave NE | 1.29mi | 4/2.0 (+1) | 1,750 (-1%) | 55mo | $267,500 | $153 | 35 |
| 18 East Rd | 1.80mi | 3/2.0 | 1,698 (-4%) | 56mo | $279,500 | $165 | 35 |
| 9152 Lexington Ave N | 2.24mi | 5/2.0 (+2) | 1,920 (+9%) | 1mo | $375,000 | $195 | 35 |
| 231 Moonlite Dr | 1.59mi | 3/2.0 | 1,866 (+6%) | 23mo | $311,000 | $167 | 32 |
| 12155 Hupp St NE | 1.55mi | 4/3.0 (+1) | 1,852 (+5%) | 33mo | $347,000 | $187 | 31 |
| 4908 106th Ln NE | 1.35mi | 3/2.0 | 1,634 (-7%) | 52mo | $325,000 | $199 | 29 |
| 7298 Lea Ct N | 1.63mi | 2/2.0 (-1) | 1,414 (-20%) | 4mo | $266,650 | $189 | 28 |
| 603 Village Pkwy | 1.93mi | 4/4.0 (+1) | 1,667 (-5%) | 43mo | $290,000 | $174 | 27 |
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 · 4.42% rent growth · sell at horizon
5-year hold
- IRR
- -22.1%
- Equity multiple
- 0.23×
- Total profit
- $-73,490
- Equity at exit
- $50,694
10-year hold
- IRR
- -12.4%
- Equity multiple
- 0.21×
- Total profit
- $-74,822
- Equity at exit
- $29,396
Cash invested: $95,197 (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.
ZIP-level market 55449
- Home prices YoY
- -23.8%
- Rents YoY
- 4.4%
- Active inventory
- 336
- Price-to-rent
- 9.8×
Monthly cashflow live
↻
- Estimated rent
- $2,881 medium interval (Pro) →
- Mortgage (P&I)
- −$1,783
- Tax from tax record
- −$323 /mo · $3,873/yr
- Insurance
- −$142
- Flood insurance flood zone
- −$125 /mo · $1,502/yr
- HOA
- −$261
- Lot rent
- −$0
- Vacancy / Maint / Mgmt
- −$605
- Net cashflow
- $-358
Break-even live
Break-even rent
$3,334
Max offer price
$276,781
Occupancy floor
—
Sensitivity live
| Price | -10% $-165 | -5% $-262 | +0% $-358 | +5% $-454 | +10% $-550 |
|---|---|---|---|---|---|
| Rent | -10% $-585 | -5% $-472 | +0% $-358 | +5% $-244 | +10% $-130 |
| Rate | -1.0pp $-187 | -0.5pp $-271 | base $-358 | +0.5pp $-446 | +1.0pp $-536 |
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
- $84,998
- Closing costs
- $10,200
- Club membership (one-time)
- —
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Cash invested
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 4 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 4940 115th Ave NE Minneapolis, MN | 3.0 | 3.0 | 2314 | $2,650 | $1.15 | 9d | 1 | 1.30mi |
| 4940 115th Ave NE Blaine, MN | 3.0 | 3.0 | 2314 | $2,650 | $1.15 | 8d | 1 | 1.30mi |
| 255 Twilite Ter Circle Pines, MN | 4.0 | 2.0 | 1800 | $2,495 | $1.39 | 46d | 1 | 1.32mi |
| 2445 120th Cir NE Blaine, MN | 2.0–4.0 | 2.5–3.5 | 1894 | $3,486 | $1.84 | 8d | 18 | 1.46mi |
Property features AI
Finance
- Other
- Lot dimensions approximately 32x44
- HOA & community
- HOA managed by AssociaMonthly HOA fee $261 (includes hazard insurance, lawn care, grounds maintenance, professional management, snow removal)
Exterior
- Parking
- Attached tuck-under garage2 garage spaces (18x21)
- Utilities
- City water (connected)City sewer (in street)Natural gas
- Home design
- Residential attached propertyTwo levelsEntry level: MainAbove-grade finished living area: 1,769 totalMain level finished area: 680
- Construction
- Asphalt roof (age 8 years or less)Slab foundationFoundation area: 680
- Exterior features
- Stone and vinyl exteriorPorchIn-ground sprinklerWalk-in closet (primary)
Interior
- Kitchen
- Kitchen with center islandDishwasherMicrowaveRangeRefrigeratorElectric water heater
- Bedrooms
- 3 bedroomsPrimary bedroom with walk-in closet (upper level)Bedroom 2 (upper level)Bedroom 3 (upper level)
- Bathrooms
- 1 full bathroom (upper level)1 three-quarter bathroom1 half bathroom (main floor)
- Heating & cooling
- Forced air heatingCentral air conditioning
- Interior features
- Air-to-air exchangerHumidifierWater softener (owned)Private primary bath
- Laundry & utility
- WasherDryerLaundry on upper level
HOA detail $261/mo · $3,132/yr condo
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 50 events
-
2026-08-08days on market $339,990 Active 52 DOM
-
2026-08-06days on market $339,990 Active 50 DOM
-
2026-08-05days on market $339,990 Active 49 DOM
-
2026-08-04days on market $339,990 Active 48 DOM
-
2026-08-03days on market $339,990 Active 47 DOM
-
2026-07-31days on market $339,990 Active 44 DOM
-
2026-07-30days on market $339,990 Active 43 DOM
-
2026-07-30days on market $339,990 Active 42 DOM
-
2026-07-28days on market $339,990 Active 41 DOM
-
2026-07-26days on market $339,990 Active 39 DOM
-
2026-07-24price $339,990 Active 37 DOM
-
2026-07-24days on market $349,990 Active 37 DOM
-
2026-07-23days on market $349,990 Active 36 DOM
-
2026-07-22days on market $349,990 Active 35 DOM
-
2026-07-21days on market $349,990 Active 34 DOM
-
2026-07-20days on market $349,990 Active 33 DOM
-
2026-07-18days on market $349,990 Active 31 DOM
-
2026-07-18days on market $349,990 Active 30 DOM
-
2026-07-16days on market $349,990 Active 29 DOM
-
2026-07-15days on market $349,990 Active 28 DOM
-
2026-07-14days on market $349,990 Active 27 DOM
-
2026-07-13days on market $349,990 Active 26 DOM
-
2026-07-13days on market $349,990 Active 25 DOM
-
2026-07-11days on market $349,990 Active 24 DOM
-
2026-07-10days on market $349,990 Active 23 DOM
-
2026-07-09days on market $349,990 Active 22 DOM
-
2026-07-07days on market $349,990 Active 20 DOM
-
2026-07-06days on market $349,990 Active 19 DOM
-
2026-07-06days on market $349,990 Active 18 DOM
-
2026-07-05days on market $349,990 Active 17 DOM
-
2026-07-03days on market $349,990 Active 16 DOM
-
2026-07-02days on market $349,990 Active 15 DOM
-
2026-07-01days on market $349,990 Active 14 DOM
-
2026-06-30days on market $349,990 Active 13 DOM
-
2026-06-29days on market $349,990 Active 12 DOM
-
2026-06-28days on market $349,990 Active 11 DOM
-
2026-06-27days on market $349,990 Active 10 DOM
-
2026-06-26days on market $349,990 Active 9 DOM
-
2026-06-24days on market $349,990 Active 7 DOM
-
2026-06-22days on market $349,990 Active 5 DOM
-
2026-06-21days on market $349,990 Active 4 DOM
-
2026-06-18status $349,990 Active 1 DOM
-
2026-06-17remarks 692-char remark
-
2026-06-17statusdays on market $349,990 Coming Soon 1 DOM
-
2026-06-07days on market $349,990 Active 38 DOM
-
2026-06-04days on market $349,990 Active 35 DOM
-
2026-06-03days on market $349,990 Active 34 DOM
-
2026-06-02days on market $349,990 Active 33 DOM
-
2026-06-01days on market $349,990 Active 32 DOM
-
2026-05-31days on market $349,990 Active 31 DOM
ⓘ 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
- $3,873 · $323/mo
- Projected year-2 tax
- $3,873 · $323/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 1/10 Low FEMA zone A · 0% chance over 30 yrs
- Wildfire 3/10 Moderate
- Heat 2/10 Low 7 d/yr ≥99°F today · 14 d/yr by 30 yrs out
- Wind 2/10 Low
- Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $34,569
- − Mortgage interest
- −$19,045
- − Property taxes
- −$3,873
- − Insurance
- −$3,202
- − Repairs & maintenance
- −$2,765
- − Management
- −$2,765
- − HOA
- −$3,132
- − Depreciation
- −$9,891
- Taxable loss
- −$10,105
combined federal + state — saved on this device
- Est. tax savings @ 24.0%
- +$2,425
- After-tax cash flow
- $-1,868/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 · 12 photos
80/100
Cosmetic rehab
Est. rehab $8,800–$26,400 screening
This well-maintained, newer townhome in North Meadows offers a bright, open-concept layout with modern finishes and ample space. Minor exterior painting and AC replacement would further enhance its appeal and value.
Value-add opportunities
- Both Paint exterior trim — Enhances curb appeal and value. ↑
- Both Replace AC unit — Improves comfort and energy efficiency. ↑
ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.
F
Composite school gradezoned avg 48/100
Zoned Schools
Elementary
Northpoint Elementary
B-
MN #216/857
Nat'l #7,252/41,679
Middle
Westwood Intermediate & Middle Sch
D
MN #126/258
Nat'l #4,963/14,009
High
Spring Lake Park Senior High
F
MN #246/471
Nat'l #8,293/17,239
Schools (NCES district)
- District
- Spring Lake Park Public Schools
- NCES district ID
- 2733330
- Math proficiency
- 41% ▼ -6.00%
- Reading proficiency
- 49% ▼ -8.00%
- Median HH income
- $65,602
- Composite
- 40.11/100
- National rank
- #3802
- State rank
- #162 of 301 in MN
B
Composite livability gradescore 71/100
Livability — Blaine
- Score
- 71/100
- State rank
- #315
- US rank
- #7073
Category grades
Amenities F
Commute F
Cost of living C
Crime A
Employment A+
Housing A+
Health & safety C
User ratings F
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Blaine, MN
- County
- Anoka County · 375,223 people
- City population
- 67,472
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- Population (ZIP)
- 34,443
- Household income
- $131,832
- Rent vs Own
- Severe rent burden
- 14% of renters
Population outlook (Anoka County) Hauer SSP2
- Today (2025)
- 375,223 people
- By 2030
- 387,850 · +3.4%
- By 2040
- 407,239 · +8.5%
- By 2050
- 417,541 · +11.3%
- By 2075
- 448,447 · +19.5%
- By 2100
- 464,954 · +23.9%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (73%)
- Race & ethnicity
- White 73% Asian 10% Black 9% Two or more races 6% Hispanic / Latino 4%
- Common ancestry
- Portuguese 10% Romanian 5% Lithuanian 3%
- Foreign-born
- 14% · Canada, Vietnam, China
- Languages at home
- 79% English-only · Arabic 4% Other Asian/Pacific 4% Spanish 3%
Political lean MEDSL · Anoka
- 2024 margin
- Toss-up / Even · D 46.6% · R 51.0% · Other 2.4%
- 2008→2024 swing
- -2.0pp toward R · 2008: -2.4pp · 2024: -4.4pp
- All cycles
- 2024: R+4.4 2020: R+1.9 2016: R+9.7 2012: R+2.6 2008: R+2.4
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -70.24%
- Current HPI
- 225.2348
- Rent YoY
- ▲ 4.42%
- Metro
- Minneapolis-St. Paul-Bloomington, MN-WI
- 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
+2.9% since first listed12 events — show timeline
- 2026-06-18 Listed $349,990 NORTHSTARMLS as Distributed by MLS Grid
- 2026-06-16 Coming Soon $349,990 NORTHSTARMLS as Distributed by MLS Grid
- 2026-06-07 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 2026-05-24 Price Changed $349,990 NORTHSTARMLS as Distributed by MLS Grid
- 2026-05-01 Listed $359,990 NORTHSTARMLS as Distributed by MLS Grid
- 2026-04-21 Coming Soon — NORTHSTARMLS as Distributed by MLS Grid
- 2023-07-18 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
- 2023-07-18 Price Changed $309,990 NORTHSTARMLS as Distributed by MLS Grid
- 2023-07-11 Price Changed $324,990 NORTHSTARMLS as Distributed by MLS Grid
- 2023-06-15 Price Changed $329,990 NORTHSTARMLS as Distributed by MLS Grid
- 2023-05-29 Price Changed $332,990 NORTHSTARMLS as Distributed by MLS Grid
- 2023-04-30 Listed $340,290 NORTHSTARMLS as Distributed by MLS Grid
Property tax history
+158.9%/yrLatest (2026): $3,873 · +10.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…