210 Front St E · Fulda, MN 56131

$119,000

3 bd · 2.0 ba · 1,436 sqft · SingleFamily · 12 Days on market

Built 1895 6,054 sqft lot

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Why this score? — see what drove the C- 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 +15.3/30.0
• ARV discount +7.5/15.0
• Appreciation +6.5/10.0
• Schools +4.9/10.0
• DSCR +4.7/10.0
• 1% rule +4.4/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Excellent Opportunity! Older home with a newer (BIG) garage! This home is brimming with potential to create just the home you envision and offers 3+ bedrooms, 2 bathrooms and a nice kitchen. Maintenance free vinyl siding and well maintained shingles are a plus as well as the oversized attached double garage! Priced for affordable living. Come check it out!

Key facts

• 6,054 sq ft lot
• 2 garage spots
• Built 1895

Property features AI

Finance

• Other: Lot approximately 0.139 acres (dimensions 45 x 135); Basement: block, unfinished; Above-grade finished area noted; Total building area includes below-grade space

Exterior

• Parking: Attached garage with 2 spaces (garage dimensions 33 x 28)
• Utilities: City water; City sewer; Natural gas; Electric service with circuit breakers
• Home design: Residential property; Two levels; Main level entry
• Construction: Block foundation; Built with vinyl exterior
• Exterior features: Vinyl siding; Asphalt roof

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms (one on the main level)
• Bathrooms: 2 full bathrooms (main floor full bath and upper level full bath)
• Heating & cooling: Forced air heating; Window air conditioning units
• Interior features: Grab bars in bathroom; Partially wheelchair accessible; Wheelchair ramp

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $119k.

Deal economics

• At list price, monthly cash flow is $43 ($517/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $112k (6.1% below list).
• Recommended offer: $112k (6.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 78/100 on livability (#121 in MN, #2,728 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Fulda Public School District (rural): math 55% / reading 55% proficiency, ranked #225 of 467 in MN (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 21 active listings in the ZIP; 21 units permitted in Murray County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($823 loan paydown + $4k appreciation (3.0% local appreciation)).
• Murray County population projected at -14% 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 $33k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $111,761 (6.1% below list)

Questions for the listing agent

1. Built in 1895 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 0.94% ✗
• Cap rate: 6.73%
• Cash-on-cash: 1.55%
• DSCR: 1.07
• GRM: 8.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.01% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 9.0%
• Equity multiple: 1.52×
• Total profit: $17,172
• Equity at exit: $53,575

10-year hold

• IRR: 11.5%
• Equity multiple: 2.72×
• Total profit: $57,261
• Equity at exit: $82,617

Cash invested: $33,320 (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 56131

• Home prices YoY: 2.1%
• Active inventory: 21
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $1,118 medium
• Mortgage (P&I): −$624
• Tax from tax record: −$166 /mo · $1,994/yr
• Insurance: −$50
• HOA: −$0
• Vacancy / Maint / Mgmt: −$235
• Net cashflow: $43

Break-even live

Break-even rent $1,063

Max offer price $119,000

Occupancy floor 91%

Sensitivity live

Price	-10% $110	-5% $77	+0% $43	+5% $9	+10% $-24
Rent	-10% $-45	-5% $-1	+0% $43	+5% $87	+10% $131
Rate	-1.0pp $103	-0.5pp $73	base $43	+0.5pp $12	+1.0pp $-19

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: $29,750
• Closing costs: $3,570
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-21
   days on market $119,000 Active 12 DOM
2. 2026-06-18
   days on market $119,000 Active 10 DOM
3. 2026-06-17
   days on market $119,000 Active 9 DOM
4. 2026-06-16
   days on market $119,000 Active 8 DOM
5. 2026-06-15
   days on market $119,000 Active 7 DOM
6. 2026-06-13
   days on market $119,000 Active 5 DOM
7. 2026-06-12
   days on market $119,000 Active 4 DOM
8. 2026-06-09
   statusdays on market $119,000 Active 1 DOM
9. 2026-06-08
   days on market $119,000 Coming Soon 19 DOM
10. 2026-06-07
    days on market $119,000 Coming Soon 18 DOM
11. 2026-06-05
    days on market $119,000 Coming Soon 16 DOM
12. 2026-06-04
    days on market $119,000 Coming Soon 14 DOM
13. 2026-06-02
    days on market $119,000 Coming Soon 13 DOM
14. 2026-06-01
    days on market $119,000 Coming Soon 12 DOM
15. 2026-05-31
    days on market $119,000 Coming Soon 11 DOM
16. 2026-05-31
    days on market $119,000 Coming Soon 10 DOM
17. 2026-05-20
    historical $119,000

ⓘ 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: $1,994 · $166/mo
• Projected year-2 tax: $1,994 · $166/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 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°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: $13,411
• − Mortgage interest: −$6,666
• − Property taxes: −$1,994
• − Insurance: −$595
• − Repairs & maintenance: −$1,073
• − Management: −$1,073
• − Depreciation: −$3,462
• Taxable loss: −$1,451
• Est. tax savings @ 24.0%: +$348
• After-tax cash flow: $866/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: Fulda Public School District
• NCES district ID: 2712480
• Math proficiency: 55% ▲ 5.00%
• Reading proficiency: 55% ▲ 5.00%
• Median HH income: $49,351
• Composite: 48.68/100
• National rank: #4564
• State rank: #225 of 467 in MN

Livability — Fulda

• Score: 78/100
• State rank: #121
• US rank: #2728

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fulda, MN
• Population (ZIP): 2,216

Population outlook (Murray County) Hauer SSP2

• Today (2025): 7,978 people
• By 2030: 7,715 · -3.3%
• By 2040: 7,213 · -9.6%
• By 2050: 6,820 · -14.5%
• By 2075: 6,371 · -20.1%
• By 2100: 5,729 · -28.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 7% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Portuguese 10% Iranian 6% Italian 3%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 90% English-only · Spanish 6% Other Asian/Pacific 4%

Political lean MEDSL · Murray

• 2024 margin: Solid R (+42.4) · D 27.9% · R 70.4% · Other 1.7%
• 2008→2024 swing: -42.9pp toward R · 2008: 0.5pp · 2024: -42.4pp
• All cycles: 2024: R+42.4 2020: R+39.1 2016: R+36.2 2012: R+7.2 2008: D+0.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.01%
• Current HPI: 148.51
• 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

1 event — show timeline

• 2026-05-20 Coming Soon $119,000 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+11.6%/yr

Latest (2026): $1,994 · +22.0% YoY. Source: county tax records.