14750 Leisure Dr · Burlington, MN 56501

$335,000

4 bd · 3.0 ba · 2,616 sqft · SingleFamily public records · 21 Days on market

Built 2000 1.00 ac lot Est $549k · 39% under

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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 +19.8/30.0
• ARV discount +15.0/15.0
• DSCR +6.3/10.0
• 1% rule +4.5/10.0
• Schools +4.0/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this beautifully renovated 4-bedroom, 3-bathroom home perfectly situated on a spacious 1-acre lot. Designed with modern living in mind, this home features a bright open-concept layout that seamlessly connects the living, dining, and kitchen areas—ideal for both everyday living and entertaining. Enjoy peace of mind with brand new finishes throughout, offering a fresh, stylish feel in every room. The kitchen and bathrooms have been thoughtfully updated, while the NEW ROOF adds long-term value and durability. With plenty of space inside and out, this property offers the perfect balance of comfort, functionality, and room to grow. Whether you're hosting gatherings or enjoying q

Key facts

• Brand new finishes
• Move-in-ready
• Thoughtfully updated

Tags

• OPEN-CONCEPT LAYOUT
• BRAND NEW FINISHES
• THOUGHTFULLY UPDATED
• NEW ROOF
• MOVE-IN-READY

Property features AI

Exterior

• Parking: Attached garage with 2 spaces (garage approx. 28 x 24)
• Utilities: Private well water; Private septic system (tank with drainage field; system compliant); Propane fuel; Electric service with circuit breakers and 200+ amp capacity
• Home design: Residential property; Two levels
• Construction: Concrete construction materials; Block foundation; Asphalt roof (over 8 years old); Foundation dimensions approx. 48 x 28
• Exterior features: Front porch; Vinyl exterior; Storage shed on property; Lot approximately 1 acre with irregular dimensions

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 4 bedrooms (primary on main level; additional bedrooms on main and lower levels)
• Bathrooms: 3 full bathrooms (including main-floor full bath and an ensuite)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Finished basement; Main floor primary bedroom; Primary bedroom with ensuite; Main floor laundry
• Laundry & utility: Main-level laundry; Additional laundry area on lower level; Utility/utility room in lower level

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $335k.

Deal economics

• At list price, monthly cash flow is $400 ($5k/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 $319k (4.8% below list).
• Recommended offer: $319k (4.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Detroit Lakes Public School District (town): math 44% / reading 50% proficiency, ranked #155 of 301 in MN (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 301 active listings in the ZIP; 156 units permitted in Becker County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Becker County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($330k) 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 $120k; list at $335k implies a 179% gain — meaningful room to come down on a strong offer.

Recommended offer $319,067 (4.8% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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.
3. 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.
4. 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: 0.95% ✗
• Cap rate: 7.73%
• Cash-on-cash: 5.12%
• DSCR: 1.23
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $549,360
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
16051 Leisure Dr	0.64mi	4/3.0	2,832 (+8%)	0mo	$594,900	$210	56

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -8.4%
• Equity multiple: 0.69×
• Total profit: $-28,863
• Equity at exit: $49,950

10-year hold

• IRR: 1.1%
• Equity multiple: 1.08×
• Total profit: $7,403
• Equity at exit: $28,965

Cash invested: $93,800 (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 56501

• Active inventory: 301
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $3,191 medium
• Mortgage (P&I): −$1,757
• Tax from tax record: −$224 /mo · $2,688/yr
• Insurance: −$140
• HOA: −$0
• Vacancy / Maint / Mgmt: −$670
• Net cashflow: $400

Break-even live

Break-even rent $2,684

Max offer price $335,000

Occupancy floor 82%

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: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-18
   days on market $335,000 Active 21 DOM
2. 2026-06-17
   days on market $335,000 Active 20 DOM
3. 2026-06-17
   price $335,000 Active 19 DOM
4. 2026-06-16
   days on market $342,000 Active 19 DOM
5. 2026-06-15
   days on market $342,000 Active 18 DOM
6. 2026-06-13
   days on market $342,000 Active 16 DOM
7. 2026-06-12
   days on market $342,000 Active 15 DOM
8. 2026-06-09
   days on market $342,000 Active 12 DOM
9. 2026-06-08
   days on market $342,000 Active 11 DOM
10. 2026-06-07
    days on market $342,000 Active 10 DOM
11. 2026-06-07
    pricedays on market $342,000 Active 9 DOM
12. 2026-06-04
    days on market $349,000 Active 6 DOM
13. 2026-06-02
    days on market $349,000 Active 5 DOM
14. 2026-06-01
    days on market $349,000 Active 4 DOM
15. 2026-05-31
    days on market $349,000 Active 3 DOM
16. 2026-05-31
    days on market $349,000 Active 2 DOM
17. 2026-05-04
    historical
18. 2026-03-25
    listed $369,000 Active
19. 2001-01-19
    soldstatus $120,000

ⓘ 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: $2,688 · $224/mo
• Projected year-2 tax: $3,220 · $268/mo
• Expected delta: +$532/yr (+$44/mo · 19.8%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥94°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,288
• − Mortgage interest: −$18,765
• − Property taxes: −$2,688
• − Insurance: −$1,675
• − Repairs & maintenance: −$3,063
• − Management: −$3,063
• − Depreciation: −$9,745
• Taxable loss: −$712
• Est. tax savings @ 24.0%: +$171
• After-tax cash flow: $4,974/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: Detroit Lakes Public School District
• NCES district ID: 2710230
• Math proficiency: 44% ▼ -11.00%
• Reading proficiency: 50% ▼ -11.00%
• Median HH income: $50,571
• Composite: 40.33/100
• National rank: #3746
• State rank: #155 of 301 in MN

Livability — Burlington

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• City population: 18,239
• Population (ZIP): 18,239

Population outlook (Becker County) Hauer SSP2

• Today (2025): 34,604 people
• By 2030: 35,095 · +1.4%
• By 2040: 35,691 · +3.1%
• By 2050: 35,869 · +3.7%
• By 2075: 36,103 · +4.3%
• By 2100: 32,798 · -5.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Native American 2%
• Common ancestry: Portuguese 25% Scottish 4% Lithuanian 3%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Becker

• 2024 margin: Solid R (+33.1) · D 32.7% · R 65.8% · Other 1.5%
• 2008→2024 swing: -26.3pp toward R · 2008: -6.9pp · 2024: -33.1pp
• All cycles: 2024: R+33.1 2020: R+30.1 2016: R+33.2 2012: R+14.6 2008: R+6.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -222.40%
• Current HPI: 217.4973
• 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

+179.2% since first listed

6 events — show timeline

• 2026-06-16 Price Changed $335,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-06-05 Price Changed $342,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-28 Listed $349,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-04 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-25 Listed $369,000 NORTHSTARMLS as Distributed by MLS Grid
• 2001-01-19 Sold (Public Records) $120,000 Public Records

Property tax history

+6.9%/yr

Latest (2025): $2,688 · -3.0% YoY. Source: county tax records.