2244 Buckingham Ln · Mounds View, MN 55112

$68,000

3 bd · 2.0 ba · 1,216 sqft · SingleFamily · 124 Days on market

Built 1998 Fair condition $56/sqft · 75% below area ↓ 9% since listing

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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
• Schools +5.4/10.0
• Livability +4.1/5.0
• Rent growth +3.5/5.0
• Condition / age +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this well-maintained 3-bedroom, 2-bathroom single-wide mobile home located in the desirable Townsedge Terrace Mobile Home Community in Mounds View. This home features a functional open-concept layout with spacious living and dining areas, perfect for everyday living and entertaining. Enjoy the convenience of single-level living with no stairs and all bedrooms on one level, offering easy accessibility and comfort. The home includes a newer roof, providing peace of mind for years to come, along with a private storage shed for additional space. Situated in a quiet, well-kept community near shopping, dining, parks, and major roadways, this home offers an affordable housing opportunity in a great Mounds View location. Don’t miss your chance to own a move-in-ready home with space, convenience, and value.

Key facts

• Newer roof
• Great location
• Single-level living

Tags

• OPEN-CONCEPT LAYOUT
• SINGLE-LEVEL LIVING
• NEWER ROOF
• PRIVATE STORAGE SHED
• QUIET COMMUNITY
• GREAT LOCATION

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $68k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $780 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $68k).
• Recommended offer: $60k (12.0% below list) — sets the bar for market timing.
• Cap rate 20.1% vs local median 3.2% in Mounds View — 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 (#44 in MN, #1,223 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, employment A; Watch: amenities F.
• Mounds View Public School District (suburban): math 58% / reading 64% proficiency, ranked #30 of 301 in MN (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.1%/yr); 170 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 43% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,202 units permitted in Ramsey County in 2024 (880 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $470 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Ramsey County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 124 days — a 12% lower offer ($60k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $7k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $59,840 (12.0% below list)

Questions for the listing agent

1. It's been on market 124 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
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. 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.
7. 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.
8. 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: 2.33% ✓
• Cap rate: 20.06%
• Cash-on-cash: 49.17%
• DSCR: 3.19
• GRM: 3.6

CMA / ARV

• ARV (median comp): $276,437
• List price: $68,000
• Delta: -75.40%
• Verdict: UNDERPRICED
• Comps: 5 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.07% rent growth · sell at horizon

5-year hold

• IRR: 48.0%
• Equity multiple: 3.12×
• Total profit: $40,411
• Equity at exit: $10,139

10-year hold

• IRR: 54.1%
• Equity multiple: 6.59×
• Total profit: $106,483
• Equity at exit: $5,879

Cash invested: $19,040 (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 55112

• Rents YoY: 4.1%
• Active inventory: 170
• Price-to-rent: 3.6×

Monthly cashflow live

• Estimated rent: $1,582 high
• Mortgage (P&I): −$357
• Tax est. 1.5%: −$85 /mo · $1,020/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$332
• Net cashflow: $780

Break-even live

Break-even rent $595

Max offer price $68,000

Occupancy floor 46%

Sensitivity live

Price	-10% $827	-5% $804	+0% $780	+5% $757	+10% $733
Rent	-10% $655	-5% $718	+0% $780	+5% $843	+10% $905
Rate	-1.0pp $814	-0.5pp $797	base $780	+0.5pp $762	+1.0pp $745

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7501 Greenfield Ave Saint Paul, MN	2.0	1.0	900	$1,497	$1.66	25d	1	0.99mi
2659 County Road H2 Mounds View, MN	1.0–2.0	1.0	825	$1,489	$1.80	5d	5	1.05mi
7635 Greenfield Ave St Paul, MN	1.0–2.0	1.0	925	$1,600	$1.73	45d	1	1.11mi
2300 County Road I Saint Paul, MN	1.0–2.0	1.0	950	$1,497	$1.58	11d	15	1.17mi
7639 Woodlawn Dr New Brighton, MN	1.0–2.0	1.0	900	$1,475	$1.64	45d	1	1.19mi
7664 Woodlawn Dr Unit 5 Mounds View, MN	2.0	1.0	900	$1,300	$1.44	45d	1	1.23mi
2657 Rice Creek Rd New Brighton, MN	2.0	1.0	967	$1,375	$1.42	5d	1	1.38mi

Listing history 7 events

1. 2026-06-02
   status $68,000 Pending 124 DOM
2. 2026-06-01
   days on market $68,000 Active 124 DOM
3. 2026-05-31
   days on market $68,000 Active 123 DOM
4. 2026-05-06
   price $68,000 833-char remark

   Show marketing remark (833 chars)

   Welcome home to this well-maintained 3-bedroom, 2-bathroom single-wide mobile home located in the desirable Townsedge Terrace Mobile Home Community in Mounds View. This home features a functional open-concept layout with spacious living and dining areas, perfect for everyday living and entertaining. Enjoy the convenience of single-level living with no stairs and all bedrooms on one level, offering easy accessibility and comfort. The home includes a newer roof, providing peace of mind for years to come, along with a private storage shed for additional space. Situated in a quiet, well-kept community near shopping, dining, parks, and major roadways, this home offers an affordable housing opportunity in a great Mounds View location. Don’t miss your chance to own a move-in-ready home with space, convenience, and value.

5. 2026-04-16
   status Active 833-char remark

   Show marketing remark (833 chars)

   Welcome home to this well-maintained 3-bedroom, 2-bathroom single-wide mobile home located in the desirable Townsedge Terrace Mobile Home Community in Mounds View. This home features a functional open-concept layout with spacious living and dining areas, perfect for everyday living and entertaining. Enjoy the convenience of single-level living with no stairs and all bedrooms on one level, offering easy accessibility and comfort. The home includes a newer roof, providing peace of mind for years to come, along with a private storage shed for additional space. Situated in a quiet, well-kept community near shopping, dining, parks, and major roadways, this home offers an affordable housing opportunity in a great Mounds View location. Don’t miss your chance to own a move-in-ready home with space, convenience, and value.

6. 2026-04-11
   historical Contingent - Third Party Approval 833-char remark

   Show marketing remark (833 chars)

   Welcome home to this well-maintained 3-bedroom, 2-bathroom single-wide mobile home located in the desirable Townsedge Terrace Mobile Home Community in Mounds View. This home features a functional open-concept layout with spacious living and dining areas, perfect for everyday living and entertaining. Enjoy the convenience of single-level living with no stairs and all bedrooms on one level, offering easy accessibility and comfort. The home includes a newer roof, providing peace of mind for years to come, along with a private storage shed for additional space. Situated in a quiet, well-kept community near shopping, dining, parks, and major roadways, this home offers an affordable housing opportunity in a great Mounds View location. Don’t miss your chance to own a move-in-ready home with space, convenience, and value.

7. 2026-01-29
   listed $75,000 Active 833-char remark

   Show marketing remark (833 chars)

   Welcome home to this well-maintained 3-bedroom, 2-bathroom single-wide mobile home located in the desirable Townsedge Terrace Mobile Home Community in Mounds View. This home features a functional open-concept layout with spacious living and dining areas, perfect for everyday living and entertaining. Enjoy the convenience of single-level living with no stairs and all bedrooms on one level, offering easy accessibility and comfort. The home includes a newer roof, providing peace of mind for years to come, along with a private storage shed for additional space. Situated in a quiet, well-kept community near shopping, dining, parks, and major roadways, this home offers an affordable housing opportunity in a great Mounds View location. Don’t miss your chance to own a move-in-ready home with space, convenience, and value.

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥101°F today · 14 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: $18,988
• − Mortgage interest: −$3,809
• − Property taxes: −$1,020
• − Insurance: −$340
• − Repairs & maintenance: −$1,519
• − Management: −$1,519
• − Depreciation: −$1,978
• Taxable income: $8,802
• Est. tax owed @ 24.0%: −$2,113
• After-tax cash flow: $7,249/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

Fair 45/100 Moderate rehab

This single-wide mobile home requires moderate repairs to its exterior siding and snow removal, with potential for significant value increase through exterior updates and landscaping.

Repairs flagged

• Major exterior siding — Weathered and snow-covered
• Minor roof — Newer roof

Value-add opportunities

• Both Exterior siding repair and painting — Enhances curb appeal and value
• Both Snow removal and landscaping — Improves curb appeal and accessibility

Renovation cost estimate screening

Repair item	Severity	Est. cost
exterior siding · Weathered and snow-covered	Major	$15,000–50,000
roof · Newer roof	Minor	$500–3,000
Total estimated repair cost · 2 items		$15,500–53,000

Value-add ROI direction

• Both Exterior siding repair and painting — Enhances curb appeal and value ↑
• Both Snow removal and landscaping — Improves curb appeal and accessibility ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Mounds View Public School District
• NCES district ID: 2722950
• Math proficiency: 58% ▼ -9.00%
• Reading proficiency: 64% ▼ -3.00%
• Median HH income: $72,492
• Composite: 54.04/100
• National rank: #1390
• State rank: #30 of 301 in MN

Livability — Mounds View

• Score: 82/100
• State rank: #44
• US rank: #1223

Category grades

Amenities F 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: Mounds View, MN
• County: Ramsey County · 542,837 people
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 45,346
• Household income: $93,838
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 1134.0

Population outlook (Ramsey County) Hauer SSP2

• Today (2025): 603,431 people
• By 2030: 636,459 · +5.5%
• By 2040: 700,596 · +16.1%
• By 2050: 765,819 · +26.9%
• By 2075: 929,297 · +54.0%
• By 2100: 1,053,924 · +74.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 9% Hispanic / Latino 9% Two or more races 8% Asian 7%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 12% Romanian 5% Scottish 3%
• Foreign-born: 12% · Canada, China, Vietnam
• Languages at home: 84% English-only · Spanish 6% Other Asian/Pacific 3% Other Indo-European 1%

Political lean MEDSL · Ramsey

• 2024 margin: Solid D (+43.3) · D 70.5% · R 27.2% · Other 2.3%
• 2008→2024 swing: +9.4pp toward D · 2008: 33.9pp · 2024: 43.3pp
• All cycles: 2024: D+43.3 2020: D+45.4 2016: D+39.4 2012: D+35.3 2008: D+33.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -312.77%
• Current HPI: 254.5083
• Rent YoY: ▲ 4.07%
• 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

-9.3% since first listed

4 events — show timeline

• 2026-05-06 Price Changed $68,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-16 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-11 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-29 Listed $75,000 NORTHSTARMLS as Distributed by MLS Grid