911 Maple Ave · Bird Island, MN 55310

$69,900

3 bd · 1.0 ba · 927 sqft · SingleFamily public records · 89 Days on market

Built 1920 0.31 ac lot ↓ 13% 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
• DSCR +10.0/10.0
• Appreciation +9.4/10.0
• 1% rule +9.3/10.0
• ARV discount +7.5/15.0
• Schools +3.7/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks

Lots of potential in this cute home on a low traffic double lot in Bird Island. Currently laid out as a 3 bedroom with one bath on the main floor, bring your imagination and make it suit your needs! Oversized detached double garage completes the property with plenty of room for cars and additional toys.

Key facts

• Double lot
• 0.31 acre lot
• 2 garage spots

Tags

• DOUBLE LOT
• DETACHED DOUBLE GARAGE

Property features AI

Finance

• Other: Lot approximately 0.309 acres (dimensions 120x225) on a city street

Exterior

• Parking: 2-car garage (garage dimensions 24x42, 16' wide door, 7' door height)
• Utilities: City water connected; City sewer connected; Electric service with fuses; Electric fuel
• Home design: Residential property; One story
• Construction: Asphalt roof; Foundation dimensions 18x27; Unfinished basement
• Exterior features: Metal exterior

Interior

• Kitchen: Eat-in kitchen (approx. 12x14)
• Bedrooms: 3 bedrooms (all on the main level); Bedroom sizes: 10x10, 10x12, 10x8
• Bathrooms: Main floor 3/4 bath; Rough-in for additional bath
• Heating & cooling: Baseboard heating; Wall unit air conditioning
• Interior features: All living facilities on one level; Main floor bedroom; Main floor laundry; Eat-in kitchen
• Laundry & utility: Main level laundry; Basement with sump pump (unfinished)

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $330 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($996 rent vs $70k).
• Recommended offer: $66k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#401 in MN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: crime C-, health & safety D+, amenities F.
• Bird Island-Olivia-Lake Lillian (rural): math 41% / reading 44% proficiency, ranked #203 of 301 in MN (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 8 active listings in the ZIP; 17 units permitted in Renville County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($483 loan paydown + $6k appreciation (8.8% local appreciation)).
• Renville County population projected at -28% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (8.8% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$30k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 89 days — a 6% lower offer ($66k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $65,706 (6.0% below list)

Questions for the listing agent

1. It's been on market 89 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 1920 — 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: 1.43% ✓
• Cap rate: 11.96%
• Cash-on-cash: 20.23%
• DSCR: 1.90
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

8.75% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.2%
• Equity multiple: 3.72×
• Total profit: $53,196
• Equity at exit: $56,705

10-year hold

• IRR: 32.7%
• Equity multiple: 8.10×
• Total profit: $139,025
• Equity at exit: $116,177

Cash invested: $19,572 (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 55310

• Home prices YoY: 3.7%
• Active inventory: 8
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $996 medium
• Mortgage (P&I): −$367
• Tax from tax record: −$62 /mo · $738/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$209
• Net cashflow: $330

Break-even live

Break-even rent $579

Max offer price $69,900

Occupancy floor 62%

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-05-20
   status Pending
2. 2026-05-05
   price $69,900
3. 2026-02-20
   listed $79,900 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: $738 · $62/mo
• Projected year-2 tax: $760 · $63/mo
• Expected delta: +$22/yr (+$2/mo · 3.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 14 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: $11,957
• − Mortgage interest: −$3,915
• − Property taxes: −$738
• − Insurance: −$350
• − Repairs & maintenance: −$957
• − Management: −$957
• − Depreciation: −$2,033
• Taxable income: $3,008
• Est. tax owed @ 24.0%: −$722
• After-tax cash flow: $3,238/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: Bird Island-Olivia-Lake Lillian
• NCES district ID: 2705660
• Math proficiency: 41% ▼ -15.00%
• Reading proficiency: 44% ▼ -15.00%
• Median HH income: $52,007
• Composite: 36.76/100
• National rank: #4574
• State rank: #203 of 301 in MN

Livability — Bird Island

• Score: 68/100
• State rank: #401
• US rank: #9405

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bird Island, MN
• Population (ZIP): 1,386

Population outlook (Renville County) Hauer SSP2

• Today (2025): 13,251 people
• By 2030: 12,443 · -6.1%
• By 2040: 10,946 · -17.4%
• By 2050: 9,598 · -27.6%
• By 2075: 7,411 · -44.1%
• By 2100: 5,768 · -56.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Hispanic / Latino 3% Black 2%
• Common ancestry: Portuguese 9% Iranian 2% Lithuanian 2%
• Languages at home: 98% English-only · Spanish 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Renville

• 2024 margin: Solid R (+41.4) · D 28.4% · R 69.8% · Other 1.9%
• 2008→2024 swing: -40.8pp toward R · 2008: -0.6pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+36.5 2016: R+36.7 2012: R+9.8 2008: R+0.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 8.75%
• Current HPI: 245.5901
• 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

-12.5% since first listed

3 events — show timeline

• 2026-05-20 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-05 Price Changed $69,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-20 Listed $79,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+9.3%/yr

Latest (2026): $738 · +17.9% YoY. Source: county tax records.