640 Bedal St · Walnut Grove, MN 56180

$37,900

2 bd · 1.0 ba · 702 sqft · SingleFamily · 81 Days on market

Built 1900 3,484 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
• Appreciation +7.6/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

2 Bed 1 bath home with 1 stall detached garage. Walking distance to school and city park.

Key facts

• 3,484 sq ft lot
• Garage
• Built 1900

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $38k.

Deal economics

• At list price, monthly cash flow is $405 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($822 rent vs $38k).
• Recommended offer: $36k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#66 in MN, #1,651 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, amenities F, commute F.
• Westbrook-Walnut Grove Schools (rural): math 42% / reading 42% proficiency, ranked #213 of 301 in MN (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 11 active listings in the ZIP; 25 units permitted in Redwood County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($262 loan paydown + $2k appreciation (5.2% local appreciation)).
• Redwood County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (5.2% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 81 days — a 6% lower offer ($36k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 7y ago; this cycle's ask has dropped $7k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $6k; list at $38k implies a 589% 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 $35,626 (6.0% below list)

Questions for the listing agent

1. It's been on market 81 days. Have you received any prior offers? Is the seller open to a 6% 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. 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. 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: 2.17% ✓
• Cap rate: 19.11%
• Cash-on-cash: 45.79%
• DSCR: 3.04
• GRM: 3.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.23% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 54.0%
• Equity multiple: 4.30×
• Total profit: $35,025
• Equity at exit: $22,008

10-year hold

• IRR: 51.5%
• Equity multiple: 8.86×
• Total profit: $83,368
• Equity at exit: $38,429

Cash invested: $10,612 (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 56180

• Home prices YoY: 2.5%
• Active inventory: 11
• Price-to-rent: 3.8×

Monthly cashflow live

• Estimated rent: $822 medium
• Mortgage (P&I): −$199
• Tax from tax record: −$30 /mo · $358/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$173
• Net cashflow: $405

Break-even live

Break-even rent $309

Max offer price $37,900

Occupancy floor 46%

Sensitivity live

Price	-10% $426	-5% $416	+0% $405	+5% $394	+10% $383
Rent	-10% $340	-5% $372	+0% $405	+5% $437	+10% $470
Rate	-1.0pp $424	-0.5pp $415	base $405	+0.5pp $395	+1.0pp $385

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: $9,475
• Closing costs: $1,137
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-04-27
   status Pending
2. 2026-04-17
   price $37,900
3. 2026-04-14
   status Active
4. 2026-04-13
   status Pending
5. 2026-03-25
   price $39,900
6. 2026-02-05
   listed $44,900 Active
7. 2026-01-31
   historical $44,900
8. 2020-06-09
   soldstatus $5,500 Sold 89-char remark

   Show marketing remark (89 chars)

   2 Bed 1 bath home with 1 stall detached garage. Walking distance to school and city park.

9. 2020-03-29
   status Pending 89-char remark

   Show marketing remark (89 chars)

   2 Bed 1 bath home with 1 stall detached garage. Walking distance to school and city park.

10. 2020-03-23
    listed $7,500 Active 89-char remark

    Show marketing remark (89 chars)

    2 Bed 1 bath home with 1 stall detached garage. Walking distance to school and city park.

11. 2019-12-06
    historical
12. 2019-11-20
    status Active
13. 2019-11-04
    status Pending
14. 2019-08-28
    price $15,900
15. 2019-05-08
    listed $18,500 Active

ⓘ 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: $358 · $30/mo
• Projected year-2 tax: $391 · $33/mo
• Expected delta: +$33/yr (+$3/mo · 9.3%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°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: $9,863
• − Mortgage interest: −$2,123
• − Property taxes: −$358
• − Insurance: −$190
• − Repairs & maintenance: −$789
• − Management: −$789
• − Depreciation: −$1,103
• Taxable income: $4,512
• Est. tax owed @ 24.0%: −$1,083
• After-tax cash flow: $3,776/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: Westbrook-Walnut Grove Schools
• NCES district ID: 2700183
• Math proficiency: 42% ▼ -13.00%
• Reading proficiency: 42% ▼ -8.00%
• Median HH income: $43,672
• Composite: 35.55/100
• National rank: #4906
• State rank: #213 of 301 in MN

Livability — Walnut Grove

• Score: 80/100
• State rank: #66
• US rank: #1651

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Walnut Grove, MN
• Population (ZIP): 1,203

Population outlook (Redwood County) Hauer SSP2

• Today (2025): 14,504 people
• By 2030: 13,983 · -3.6%
• By 2040: 13,056 · -10.0%
• By 2050: 12,225 · -15.7%
• By 2075: 11,051 · -23.8%
• By 2100: 9,786 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 59% Asian 29% Two or more races 9% Hispanic / Latino 4% Native American 3%
• Common ancestry: Portuguese 14% English 4% Scottish 2%
• Foreign-born: 17% · Philippines, Canada
• Languages at home: 74% English-only · Other Asian/Pacific 22% Spanish 3%

Political lean MEDSL · Redwood

• 2024 margin: Solid R (+43.3) · D 27.7% · R 71.0% · Other 1.2%
• 2008→2024 swing: -29.8pp toward R · 2008: -13.6pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+41.2 2016: R+43.0 2012: R+20.1 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.23%
• Current HPI: 210.5411
• 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

+104.9% since first listed

15 events — show timeline

• 2026-04-27 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-17 Price Changed $37,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-14 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-13 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $39,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-05 Listed $44,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-31 Coming Soon $44,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-06-09 Sold (MLS) $5,500 NORTHSTARMLS as Distributed by MLS Grid
• 2020-03-29 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2020-03-23 Listed $7,500 NORTHSTARMLS as Distributed by MLS Grid
• 2019-12-06 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2019-11-20 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2019-11-04 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2019-08-28 Price Changed $15,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-05-08 Listed $18,500 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+10.0%/yr

Latest (2025): $358 · +4.1% YoY. Source: county tax records.