9141 Highway 55 #106 · Golden Valley, MN 55427

$105,000

2 bd · 1.0 ba · 772 sqft · Condo public records · 15 Days on market

Built 1963 $447/mo HOA · 22% of rent

---

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 +4.6/10.0
• Rent growth +4.4/5.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BMO- Harris bank owned-as-is. Bring your decorating ideas, needs carpet & paint. Great GV location for easy access to shopping or downtown. Trails and parks right there. Unit is next to laundry room, Hopkins schools, walk out front door to pool, quick close possible, garage included.

Key facts

• $447 HOA
• Garage
• Community pool

Property features AI

Finance

• HOA & community: Has HOA (Property Care); Monthly association fee; Association amenities: laundry, lobby entrance, shared amenities, parking, maintenance of grounds, snow removal, lawn care, professional management; Association fee includes hazard insurance, heating, sewer, water and other services

Exterior

• Parking: Assigned covered parking; Garage door opener; Guest parking and parking lot; 1 garage space (1 stall of a 6-stall garage)
• Utilities: City water connected; City sewer connected; Natural gas; Electric with circuit breakers
• Home design: Attached residential property; One story; All living area on main level
• Construction: Block and brick construction; Block foundation; Built with an 800 foundation area
• Exterior features: Stone exterior accents; Below-ground heated shared pool; Public transit within six blocks; Medium tree coverage; City street frontage

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Kitchen/Dining Room
• Bedrooms: 2 bedrooms (both on the main level)
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Boiler heat; Wall unit(s) for cooling
• Interior features: Dishwasher; Microwave; Range; Refrigerator; All living facilities on one level; Main floor full bath; Kitchen/Dining Room layout
• Laundry & utility: Common area laundry (coin-op owned)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $105k.

Deal economics

• At list price, monthly cash flow is $397 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $105k).
• Recommended offer: $103k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.8% vs local median 2.8% in Golden Valley — 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 (#40 in MN, #1,110 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities F, cost of living D-.
• Hopkins Public School District (suburban): math 48% / reading 57% proficiency, ranked #75 of 301 in MN (top 25%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+7.4%/yr); 126 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 4,651 units permitted in Hennepin County in 2024 (2,443 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $726 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Hennepin County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 7.4% rent growth), your $29k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 14y 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.
• Current owner paid $62k; list at $105k implies a 69% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 22% of rent.

Recommended offer $103,425 (1.5% below list)

Questions for the listing agent

1. Built in 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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 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: 1.93% ✓
• Cap rate: 10.83%
• Cash-on-cash: 16.21%
• DSCR: 1.72
• GRM: 4.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 7.4% rent growth · sell at horizon

5-year hold

• IRR: 14.2%
• Equity multiple: 1.61×
• Total profit: $17,980
• Equity at exit: $15,656

10-year hold

• IRR: 27.2%
• Equity multiple: 4.12×
• Total profit: $91,674
• Equity at exit: $9,078

Cash invested: $29,400 (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 55427

• Rents YoY: 7.4%
• Active inventory: 126
• Price-to-rent: 4.3×

Monthly cashflow live

• Estimated rent: $2,027 high
• Mortgage (P&I): −$551
• Tax from tax record: −$163 /mo · $1,958/yr
• Insurance: −$44
• HOA: −$447
• Vacancy / Maint / Mgmt: −$426
• Net cashflow: $397

Break-even live

Break-even rent $1,525

Max offer price $105,000

Occupancy floor 75%

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: $26,250
• Closing costs: $3,150
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
9201 Golden Valley Rd Minneapolis, MN	1.0–2.0	1.0–2.0	926	$2,733	$2.95	2d	19	0.10mi
9140 Golden Valley Rd Minneapolis, MN	1.0–2.0	1.0	662	$1,500	$2.26	3d	5	0.18mi
200 Nathan Ln N Plymouth, MN	1.0–2.0	1.0–2.0	926	$1,908	$2.06	2d	5	0.43mi
8350 Golden Valley Rd Golden Valley, MN	1.0–2.0	1.0–2.0	995	$2,035	$2.05	3d	9	0.52mi
10010 6th Ave N Minneapolis, MN	1.0–3.0	1.0–2.0	1100	$2,980	$2.71	2d	22	0.56mi
135 Nathan Ln N Minneapolis, MN	2.0	1.0–2.0	800	$1,750	$2.19	2d	20	0.59mi
400 Ford Rd Minneapolis, MN	1.0–3.0	1.0–2.0	1025	$1,735	$1.69	2d	9	0.61mi
640 Wisconsin Ave N Golden Valley, MN	1.0–3.0	1.0–2.0	1118	$2,952	$2.64	2d	99	0.61mi
10101 Highway 55 Minneapolis, MN	1.0–2.0	1.0	805	$1,495	$1.86	5d	6	0.62mi
275 Shelard Pkwy St Louis Park, MN	1.0–2.0	1.0–2.0	900	$1,709	$1.90	5d	11	0.62mi
301 Shelard Pkwy Minneapolis, MN	3.0	1.0–2.0	987	$2,322	$2.35	2d	16	0.65mi
1305 Flag Ave N Unit Labs Golden Valley, MN	1.0	1.0	850	$1,500	$1.76	11d	1	0.71mi
1305 Flag Ave N Unit 2 Golden Valley, MN	1.0	1.0	800	$1,650	$2.06	18d	1	0.71mi
9920 Wayzata Blvd Minneapolis, MN	2.0	1.0–2.5	942	$3,236	$3.43	2d	28	0.73mi
1349 Pennsylvania Ave S Minneapolis, MN	2.0	1.0	850	$1,550	$1.82	44d	1	1.35mi
1020 W Medicine Lake Dr Minneapolis, MN	1.0–3.0	1.0–2.0	1272	$2,169	$1.70	3d	4	1.38mi

HOA detail condo

• Monthly dues: $447 · $5,364/yr
• Likely covers: poolparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 10 events

1. 2026-06-18
   days on market $105,000 Active 15 DOM
2. 2026-06-17
   days on market $105,000 Active 14 DOM
3. 2026-06-16
   days on market $105,000 Active 13 DOM
4. 2026-06-15
   days on market $105,000 Active 12 DOM
5. 2026-06-13
   days on market $105,000 Active 10 DOM
6. 2026-06-13
   days on market $105,000 Active 9 DOM
7. 2026-06-09
   days on market $105,000 Active 6 DOM
8. 2026-06-08
   days on market $105,000 Active 5 DOM
9. 2026-06-07
   days on market $105,000 Active 4 DOM
10. 2026-06-04
    listed $105,000 Active 1 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: $1,958 · $163/mo
• Projected year-2 tax: $1,958 · $163/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 X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 13 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

Taxation est. · year 1

• Rental income: $24,329
• − Mortgage interest: −$5,882
• − Property taxes: −$1,958
• − Insurance: −$525
• − Repairs & maintenance: −$1,946
• − Management: −$1,946
• − HOA: −$5,364
• − Depreciation: −$3,055
• Taxable income: $3,654
• Est. tax owed @ 24.0%: −$877
• After-tax cash flow: $3,889/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: Hopkins Public School District
• NCES district ID: 2714260
• Math proficiency: 48% ▼ -6.00%
• Reading proficiency: 57% ▼ -2.00%
• Median HH income: $66,915
• Composite: 46.44/100
• National rank: #2448
• State rank: #75 of 301 in MN

Livability — Golden Valley

• Score: 82/100
• State rank: #40
• US rank: #1110

Category grades

Amenities F Commute A+ Cost of living D- 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: Golden Valley, MN
• County: Hennepin County · 1,150,272 people
• City population: 28,452
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 24,764
• Household income: $92,821
• Rent vs Own: 33.0% rent · 67.0% own
• Severe rent burden: 663.0

Population outlook (Hennepin County) Hauer SSP2

• Today (2025): 1,405,227 people
• By 2030: 1,492,650 · +6.2%
• By 2040: 1,660,157 · +18.1%
• By 2050: 1,823,498 · +29.8%
• By 2075: 2,221,283 · +58.1%
• By 2100: 2,509,976 · +78.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 13% Two or more races 8% Hispanic / Latino 6% Asian 4%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 12% Scottish 3% Romanian 3%
• Foreign-born: 13% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 5% Russian/Polish/Slavic 2% Other Indo-European 2%

Political lean MEDSL · Hennepin

• 2024 margin: Solid D (+42.6) · D 70.2% · R 27.5% · Other 2.3%
• 2008→2024 swing: +14.0pp toward D · 2008: 28.6pp · 2024: 42.6pp
• All cycles: 2024: D+42.6 2020: D+43.2 2016: D+35.3 2012: D+27.1 2008: D+28.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -267.55%
• Current HPI: 235.3888
• Rent YoY: ▲ 7.40%
• 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

+229.2% since first listed

14 events — show timeline

• 2026-06-03 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-26 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-26 Listed $105,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-12-11 Rental Removed $1,200 PROPERTYWARE
• 2025-12-09 Listed for Rent $1,200 PROPERTYWARE
• 2015-11-19 Sold (MLS) $62,000 NORTHSTARMLS as Distributed by MLS Grid
• 2015-11-09 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2015-11-02 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2015-10-08 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2015-09-25 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2015-08-18 Listed $69,900 NORTHSTARMLS as Distributed by MLS Grid
• 2012-04-23 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2012-04-16 Listed $46,000 NORTHSTARMLS as Distributed by MLS Grid
• 1978-07-01 Sold (Public Records) $31,900 Public Records

Property tax history

+11.1%/yr

Latest (2025): $1,958 · +9.3% YoY. Source: county tax records.