7186 Kittredge Cv · Otsego, MN 55301

$399,900

3 bd · 2.0 ba · 2,029 sqft · SingleFamily public records · 56 Days on market

Built 2020 3,920 sqft lot $197/sqft · 6% below area Est $427k · 6% under $30/mo HOA · 1% 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 +10.6/30.0
• ARV discount +10.3/15.0
• Schools +5.2/10.0
• Livability +3.5/5.0
• DSCR +3.1/10.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

*Buyer financing fell through, back on the market! Absolutely like new single-family home in coveted Otsego. Chef‘s kitchen with stainless appliances (gas stove), tiled backsplash, large center island, and pantry. Beautiful electric fireplace with built-ins. Rare sun porch!! Owners suite with walk-in closet, double vanity, and separate soaking tub and shower. Lovely walk out family room with third bedroom downstairs and three-quarter bath. Wrought iron staircase and plenty of ceiling fans. Yard backs up to private wetlands. Home is on a private cul-de-sac. Morning Sun Homes (builder now retired) built 18 single-family homes here. Top-notch! Home includes: EV charger, workbench and storage unit currently in garage plus sprinkler system and shed. Neighborhood boasts walking path, beautiful park with playground, tennis and basketball courts, plus picnic area! Small association fee covers snow removal on private street, plants/flowers in the cul-de-sac island, and street sweeping. This is a must see, won’t last.

Key facts

• Sun porch
• Walk-in closet
• Electric fireplace

Tags

• CHEF'S KITCHEN
• ELECTRIC FIREPLACE
• SUN PORCH
• WALK-IN CLOSET
• PRIVATE WETLANDS
• PRIVATE CUL-DE-SAC

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $-194 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $366k (8.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $307k (23.2% below list).
• Recommended offer: $307k (23.2% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 4.0% in Otsego — 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 69/100 on livability (#367 in MN) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A-; Watch: cost of living C-, amenities F, commute F.
• Independent School District 728 (suburban): math 56% / reading 60% proficiency, ranked #37 of 301 in MN (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Otsego Elementary (math 64% / reading 64%, grade B, #157 of 857 statewide, top 19%, 563 students, 21% FRL); Rogers Middle School (math 61% / reading 63%, grade B+, #19 of 258 statewide, top 8%, 979 students, 16% FRL); Rogers Senior High (math 66% / reading 64%, grade B, #28 of 471 statewide, top 6%, 1,740 students, 18% FRL) — zoned schools at 18% FRL track the district average.
• Market conditions: 143 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,260 units permitted in Wright County in 2024 (180 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.
• Wright County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($388k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $301k; 33% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $307,013 (23.2% 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 56 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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. 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?
7. 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.
8. 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.
9. 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: 0.77% ✗
• Cap rate: 5.71%
• Cash-on-cash: -2.08%
• DSCR: 0.91
• GRM: 10.9

CMA / ARV

• ARV (median comp): $426,922
• List price: $399,900
• Delta: -6.33%
• Verdict: FAIR
• Comps: 5 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -19.8%
• Equity multiple: 0.31×
• Total profit: $-77,200
• Equity at exit: $59,626

10-year hold

• IRR: -12.6%
• Equity multiple: 0.26×
• Total profit: $-83,307
• Equity at exit: $34,576

Cash invested: $111,972 (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 55301

• Home prices YoY: -14.2%
• Active inventory: 143
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $3,070 medium
• Mortgage (P&I): −$2,097
• Tax from tax record: −$326 /mo · $3,908/yr
• Insurance: −$167
• HOA: −$30
• Vacancy / Maint / Mgmt: −$645
• Net cashflow: $-194

Break-even live

Break-even rent $3,316

Max offer price $365,628

Occupancy floor —

Sensitivity live

Price	-10% $32	-5% $-81	+0% $-194	+5% $-307	+10% $-420
Rent	-10% $-437	-5% $-315	+0% $-194	+5% $-73	+10% $49
Rate	-1.0pp $7	-0.5pp $-92	base $-194	+0.5pp $-298	+1.0pp $-403

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: $99,975
• Closing costs: $11,997
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
11193 68th St NE Unit NA Albertville, MN	3.0	3.0	2644	$3,250	$1.23	0d	1	0.84mi
7712 Lachman Ave NE Albertville, MN	3.0	2.0	1525	$2,259	$1.48	0d	1	0.91mi

HOA detail

• Monthly dues: $30 · $360/yr
• Likely covers: gaselectricsnow removal

Listing history 7 events

1. 2026-05-15
   historical Contingent - Inspection 1035-char remark

   Show marketing remark (1035 chars)

   *Buyer financing fell through, back on the market! Absolutely like new single-family home in coveted Otsego. Chef‘s kitchen with stainless appliances (gas stove), tiled backsplash, large center island, and pantry. Beautiful electric fireplace with built-ins. Rare sun porch!! Owners suite with walk-in closet, double vanity, and separate soaking tub and shower. Lovely walk out family room with third bedroom downstairs and three-quarter bath. Wrought iron staircase and plenty of ceiling fans. Yard backs up to private wetlands. Home is on a private cul-de-sac. Morning Sun Homes (builder now retired) built 18 single-family homes here. Top-notch! Home includes: EV charger, workbench and storage unit currently in garage plus sprinkler system and shed. Neighborhood boasts walking path, beautiful park with playground, tennis and basketball courts, plus picnic area! Small association fee covers snow removal on private street, plants/flowers in the cul-de-sac island, and street sweeping. This is a must see, won’t last.

2. 2026-05-03
   price $399,900 1035-char remark

   Show marketing remark (1035 chars)

   *Buyer financing fell through, back on the market! Absolutely like new single-family home in coveted Otsego. Chef‘s kitchen with stainless appliances (gas stove), tiled backsplash, large center island, and pantry. Beautiful electric fireplace with built-ins. Rare sun porch!! Owners suite with walk-in closet, double vanity, and separate soaking tub and shower. Lovely walk out family room with third bedroom downstairs and three-quarter bath. Wrought iron staircase and plenty of ceiling fans. Yard backs up to private wetlands. Home is on a private cul-de-sac. Morning Sun Homes (builder now retired) built 18 single-family homes here. Top-notch! Home includes: EV charger, workbench and storage unit currently in garage plus sprinkler system and shed. Neighborhood boasts walking path, beautiful park with playground, tennis and basketball courts, plus picnic area! Small association fee covers snow removal on private street, plants/flowers in the cul-de-sac island, and street sweeping. This is a must see, won’t last.

3. 2026-04-17
   status Active 1035-char remark

   Show marketing remark (1035 chars)

   *Buyer financing fell through, back on the market! Absolutely like new single-family home in coveted Otsego. Chef‘s kitchen with stainless appliances (gas stove), tiled backsplash, large center island, and pantry. Beautiful electric fireplace with built-ins. Rare sun porch!! Owners suite with walk-in closet, double vanity, and separate soaking tub and shower. Lovely walk out family room with third bedroom downstairs and three-quarter bath. Wrought iron staircase and plenty of ceiling fans. Yard backs up to private wetlands. Home is on a private cul-de-sac. Morning Sun Homes (builder now retired) built 18 single-family homes here. Top-notch! Home includes: EV charger, workbench and storage unit currently in garage plus sprinkler system and shed. Neighborhood boasts walking path, beautiful park with playground, tennis and basketball courts, plus picnic area! Small association fee covers snow removal on private street, plants/flowers in the cul-de-sac island, and street sweeping. This is a must see, won’t last.

4. 2026-04-14
   status Pending 1035-char remark

   Show marketing remark (1035 chars)

   *Buyer financing fell through, back on the market! Absolutely like new single-family home in coveted Otsego. Chef‘s kitchen with stainless appliances (gas stove), tiled backsplash, large center island, and pantry. Beautiful electric fireplace with built-ins. Rare sun porch!! Owners suite with walk-in closet, double vanity, and separate soaking tub and shower. Lovely walk out family room with third bedroom downstairs and three-quarter bath. Wrought iron staircase and plenty of ceiling fans. Yard backs up to private wetlands. Home is on a private cul-de-sac. Morning Sun Homes (builder now retired) built 18 single-family homes here. Top-notch! Home includes: EV charger, workbench and storage unit currently in garage plus sprinkler system and shed. Neighborhood boasts walking path, beautiful park with playground, tennis and basketball courts, plus picnic area! Small association fee covers snow removal on private street, plants/flowers in the cul-de-sac island, and street sweeping. This is a must see, won’t last.

5. 2026-04-06
   historical Contingent - Inspection 1035-char remark

   Show marketing remark (1035 chars)

   *Buyer financing fell through, back on the market! Absolutely like new single-family home in coveted Otsego. Chef‘s kitchen with stainless appliances (gas stove), tiled backsplash, large center island, and pantry. Beautiful electric fireplace with built-ins. Rare sun porch!! Owners suite with walk-in closet, double vanity, and separate soaking tub and shower. Lovely walk out family room with third bedroom downstairs and three-quarter bath. Wrought iron staircase and plenty of ceiling fans. Yard backs up to private wetlands. Home is on a private cul-de-sac. Morning Sun Homes (builder now retired) built 18 single-family homes here. Top-notch! Home includes: EV charger, workbench and storage unit currently in garage plus sprinkler system and shed. Neighborhood boasts walking path, beautiful park with playground, tennis and basketball courts, plus picnic area! Small association fee covers snow removal on private street, plants/flowers in the cul-de-sac island, and street sweeping. This is a must see, won’t last.

6. 2026-03-24
   listed $415,000 Active 1035-char remark

   Show marketing remark (1035 chars)

   *Buyer financing fell through, back on the market! Absolutely like new single-family home in coveted Otsego. Chef‘s kitchen with stainless appliances (gas stove), tiled backsplash, large center island, and pantry. Beautiful electric fireplace with built-ins. Rare sun porch!! Owners suite with walk-in closet, double vanity, and separate soaking tub and shower. Lovely walk out family room with third bedroom downstairs and three-quarter bath. Wrought iron staircase and plenty of ceiling fans. Yard backs up to private wetlands. Home is on a private cul-de-sac. Morning Sun Homes (builder now retired) built 18 single-family homes here. Top-notch! Home includes: EV charger, workbench and storage unit currently in garage plus sprinkler system and shed. Neighborhood boasts walking path, beautiful park with playground, tennis and basketball courts, plus picnic area! Small association fee covers snow removal on private street, plants/flowers in the cul-de-sac island, and street sweeping. This is a must see, won’t last.

7. 2015-09-15
   soldstatus $301,000

ⓘ 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: $3,908 · $326/mo
• Projected year-2 tax: $4,193 · $349/mo
• Expected delta: +$285/yr (+$24/mo · 7.3%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,842
• − Mortgage interest: −$22,401
• − Property taxes: −$3,908
• − Insurance: −$2,000
• − Repairs & maintenance: −$2,947
• − Management: −$2,947
• − HOA: −$360
• − Depreciation: −$11,633
• Taxable loss: −$9,355
• Est. tax savings @ 24.0%: +$2,245
• After-tax cash flow: $-83/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: Independent School District 728
• NCES district ID: 2711370
• Math proficiency: 56% ▼ -15.00%
• Reading proficiency: 60% ▼ -10.00%
• Median HH income: $82,336
• Composite: 52.5/100
• National rank: #1567
• State rank: #37 of 301 in MN

Livability — Otsego

• Score: 69/100
• State rank: #367
• US rank: #8641

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Otsego, MN
• County: Wright County · 79,164 people
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 13,482
• Household income: $129,232
• Rent vs Own: 8.6% rent · 91.4% own
• Severe rent burden: 50.0

Population outlook (Wright County) Hauer SSP2

• Today (2025): 142,526 people
• By 2030: 146,915 · +3.1%
• By 2040: 153,625 · +7.8%
• By 2050: 155,416 · +9.0%
• By 2075: 150,352 · +5.5%
• By 2100: 130,631 · -8.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 7% Two or more races 5% Asian 2%
• Common ancestry: Portuguese 10% Romanian 5% Lithuanian 4%
• Foreign-born: 7% · South Korea, China, Canada

Political lean MEDSL · Wright

• 2024 margin: Strong R (+29.4) · D 34.4% · R 63.8% · Other 1.8%
• 2008→2024 swing: -11.9pp toward R · 2008: -17.4pp · 2024: -29.4pp
• All cycles: 2024: R+29.4 2020: R+28.6 2016: R+33.2 2012: R+21.4 2008: R+17.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -38.52%
• Current HPI: 233.6299
• Rent YoY: —
• 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

+32.9% since first listed

7 events — show timeline

• 2026-05-15 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-03 Price Changed $399,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-17 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-14 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-06 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-24 Listed $415,000 NORTHSTARMLS as Distributed by MLS Grid
• 2015-09-15 Sold (Public Records) $301,000 Public Records

Property tax history

+45.6%/yr

Latest (2025): $3,908 · -2.7% YoY. Source: county tax records.