1911 Viking Dr NW #11 · Rochester, MN 55901

$70,000

1 bd · 1.0 ba · 709 sqft · Condo public records · 8 Days on market

Built 1970 $377/mo HOA · 31% of rent

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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 +23.1/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +7.4/10.0
• Livability +4.6/5.0
• Schools +4.1/10.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this inviting 1-bedroom, 1-bathroom condo located on the 1st floor, offering a peaceful view of the backyard. This unit provides comfort and convenience in a great location. Enjoy access to community amenities including a large outdoor pool, fully-equipped workout room, and a private party room, perfect for hosting gatherings. Situated close to a bus stop for easy access to downtown, and bike-friendly for those who prefer a more active commute. Don't miss out on this great opportunity to own a stylish condo with fantastic amenities and a prime location!

Key facts

• Outdoor pool
• Private party room
• Workout room

Tags

• OUTDOOR POOL
• WORKOUT ROOM
• PRIVATE PARTY ROOM
• PEACEFUL VIEW
• BIKE-FRIENDLY
• GREAT LOCATION

Property features AI

Finance

• HOA & community: Vahalla 8 Association; Monthly association fee (listed): $377; Association fee includes cable TV, controlled access, hazard insurance, heating, internet, lawn care, grounds maintenance, sewer, shared amenities, snow removal, and water; Shared building amenities include amusement/party room and exercise room

Exterior

• Parking: Parking lot
• Security: Controlled access (included in association services)
• Utilities: City water connected; City sewer connected; Other fuel source
• Home design: Attached residential unit; One level
• Construction: Block foundation
• Exterior features: Stucco exterior; Flat roof

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: One bedroom on the main level
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Baseboard heating (hot water); Wall-mounted cooling unit(s)
• Interior features: Dishwasher, Range, Refrigerator; Informal dining area; Main-floor full bathroom; Basement present (no finished basement listed)
• Laundry & utility: Building laundry (association amenity)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $70k.

Deal economics

• At list price, monthly cash flow is $59 ($706/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Cap rate 8.4% vs local median 3.5% in Rochester — 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 92/100 on livability (#1 in MN, #27 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+.
• Rochester Public School District (urban): math 40% / reading 51% proficiency, ranked #152 of 301 in MN (top 50%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Century Senior High (math 37% / reading 67%, grade D+, #111 of 471 statewide, top 26%, 1,698 students, 31% FRL) — zoned schools at 31% FRL track the district average.
• Market conditions: Rents rising (+2.2%/yr); 509 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,267 units permitted in Olmsted County in 2024 (915 in 5+ unit buildings).
• This rent is only 15% of the median local income ($95k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $484 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Olmsted County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $26k; list at $70k implies a 164% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo; HOA is 31% of rent.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,000

Questions for the listing agent

1. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-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?
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 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: 1.73% ✓
• Cap rate: 8.44%
• Cash-on-cash: 7.67%
• DSCR: 1.34
• GRM: 4.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.18% rent growth · sell at horizon

5-year hold

• IRR: -11.8%
• Equity multiple: 0.58×
• Total profit: $-8,316
• Equity at exit: $10,437

10-year hold

• IRR: -4.3%
• Equity multiple: 0.73×
• Total profit: $-5,311
• Equity at exit: $6,052

Cash invested: $19,600 (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 55901

• Home prices YoY: -33.2%
• Rents YoY: 2.2%
• Active inventory: 509
• Price-to-rent: 4.8×

Monthly cashflow live

• Estimated rent: $1,212 high
• Mortgage (P&I): −$367
• Tax from tax record: −$59 /mo · $708/yr
• Insurance: −$29
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$377
• Vacancy / Maint / Mgmt: −$255
• Net cashflow: $59

Break-even live

Break-even rent $1,138

Max offer price $70,000

Occupancy floor 90%

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: $17,500
• Closing costs: $2,100
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1931 Viking Dr NW #24 Rochester, MN	1.0	1.0	700	$1,200	$1.71	43d	1	0.06mi
226 13th St NW Unit 27 Rochester, MN	2.0	1.0	705	$1,120	$1.59	21d	1	0.59mi
210 13th St NW Unit 9 Rochester, MN	1.0	1.0	512	$1,045	$2.04	43d	1	0.61mi
204 13th St NW Rochester, MN	2.0	1.0	705	$1,208	$1.71	13d	4	0.62mi
109 16th St NE Unit A109-6 Rochester, MN	2.0	1.0	516	$1,095	$2.12	43d	1	0.65mi
109 16th St NE Unit A109-7 Rochester, MN	2.0	1.0	516	$975	$1.89	43d	1	0.65mi
970 11th Ave NW Rochester, MN	1.0–3.0	1.0–2.0	952	$1,127	$1.18	13d	6	0.86mi
212 7th St NW Unit 3 Rochester, MN	1.0	1.0	350	$950	$2.71	43d	1	0.97mi
1258 17th Ave NW Rochester, MN	1.0–2.0	1.0	712	$1,035	$1.45	21d	5	1.02mi
28 7th St NE Rochester, MN	2.0	1.0–2.0	789	$2,000	$2.53	21d	18	1.07mi
400 1st Ave NW Rochester, MN	1.0–2.0	1.0–2.0	819	$1,297	$1.58	13d	7	1.17mi
401 Broadway Ave N Rochester, MN	2.0	1.0–2.0	799	$1,582	$1.98	13d	22	1.22mi
1617 4th St NW Rochester, MN	3.0	1.0	790	$962	$1.22	13d	1	1.31mi
2409 Highway 52 N Rochester, MN	2.0	1.0	650	$1,028	$1.58	13d	10	1.34mi
603 1st St SW Rochester, MN	2.0	1.0	512	$1,120	$2.19	13d	3	1.46mi
621 1st St SW Rochester, MN	1.0	1.0	525	$1,170	$2.23	13d	3	1.47mi

HOA detail condo

• Monthly dues: $377 · $4,524/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 8 events

1. 2026-06-19
   days on market $70,000 Active 8 DOM
2. 2026-06-18
   days on market $70,000 Active 7 DOM
3. 2026-06-17
   days on market $70,000 Active 6 DOM
4. 2026-06-16
   days on market $70,000 Active 5 DOM
5. 2026-06-15
   days on market $70,000 Active 4 DOM
6. 2026-06-14
   days on market $70,000 Active 2 DOM
7. 2026-06-13
   remarks 570-char remark
8. 2026-06-13
   listed $70,000 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: $708 · $59/mo
• Projected year-2 tax: $746 · $62/mo
• Expected delta: +$38/yr (+$3/mo · 5.4%)

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

Climate risk First Street

• 🌊 Flood 7/10 Severe FEMA zone X (unshaded) · 96% 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: $14,545
• − Mortgage interest: −$3,921
• − Property taxes: −$708
• − Insurance: −$1,148
• − Repairs & maintenance: −$1,164
• − Management: −$1,164
• − HOA: −$4,524
• − Depreciation: −$2,036
• Taxable loss: −$119
• Est. tax savings @ 24.0%: +$29
• After-tax cash flow: $734/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: Rochester Public School District
• NCES district ID: 2731800
• Math proficiency: 40% ▼ -10.00%
• Reading proficiency: 51% ▼ -4.00%
• Median HH income: $66,540
• Composite: 40.6/100
• National rank: #3695
• State rank: #152 of 301 in MN

Livability — Rochester

• Score: 92/100
• State rank: #1
• US rank: #27

Category grades

Amenities A+ Commute A+ Cost of living B 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: Rochester, MN
• County: Olmsted County · 135,035 people
• City population: 135,035
• Metro: Rochester, MN
• Population (ZIP): 58,495
• Household income: $94,607
• Rent vs Own: 35.7% rent · 64.3% own
• Severe rent burden: 1651.0

Population outlook (Olmsted County) Hauer SSP2

• Today (2025): 165,999 people
• By 2030: 172,425 · +3.9%
• By 2040: 183,785 · +10.7%
• By 2050: 192,981 · +16.3%
• By 2075: 215,284 · +29.7%
• By 2100: 224,887 · +35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 12% Asian 8% Two or more races 6% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Portuguese 11% Romanian 3% Iranian 2%
• Foreign-born: 15% · Canada, Vietnam, China
• Languages at home: 81% English-only · Spanish 3% Other Asian/Pacific 3% Arabic 2%

Political lean MEDSL · Olmsted

• 2024 margin: D (+10.7) · D 54.3% · R 43.6% · Other 2.1%
• 2008→2024 swing: +7.4pp toward D · 2008: 3.3pp · 2024: 10.7pp
• All cycles: 2024: D+10.7 2020: D+10.7 2016: D+0.8 2012: D+3.2 2008: D+3.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -126.08%
• Current HPI: 253.7999
• Rent YoY: ▲ 2.18%
• Metro: Rochester, MN
• 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

+115.4% since first listed

4 events — show timeline

• 2026-06-11 Listed $70,000 NORTHSTARMLS as Distributed by MLS Grid
• 1997-05-05 Sold (Public Records) $26,500 Public Records
• 1989-02-01 Sold (Public Records) $27,500 Public Records
• 1984-05-01 Sold (Public Records) $32,500 Public Records

Property tax history

+6.4%/yr

Latest (2025): $708 · +20.4% YoY. Source: county tax records.