7885 Lake Fourteen Rd · Mountain Iron, MN 55710

$71,400

2 bd · None ba · 560 sqft · Other public records · 30 Days on market

Built 2014 2.00 ac lot ↓ 5% 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 +26.1/30.0
• DSCR +8.8/10.0
• ARV discount +7.5/15.0
• 1% rule +6.2/10.0
• Appreciation +5.8/10.0
• Schools +3.7/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

ESCAPE TO YOUR PRIVATE WILDERNESS RETREAT Discover the perfect off-grid getaway at 7885 Lake Fourteen Rd! This charming 2014-built cabin offers the ultimate escape from the everyday hustle, nestled on 2 private acres at the end of the road where tranquility reigns supreme. What makes this special: ? Complete Privacy - End of road location ensures peaceful solitude ? Adventure at Your Doorstep - Hundreds of acres of public land nearby for endless exploration ? Trail Access Paradise - Close proximity to the renowned Taconite Trail system for ATV and snowmobile enthusiasts ? Cozy Comfort - 2 bedrooms, wood stove for warmth, authentic outhouse experience ? Off-Grid Living - No utilities means true disconnect and lower costs ? Wildlife Haven - Surrounded by nature's beauty and abundant wildlife Whether you're seeking a hunting cabin, weekend retreat, or investment property, this gem delivers authentic Minnesota wilderness living. Perfect for those who appreciate the simple pleasures of life and crave adventure in their backyard.

Key facts

• Off-grid living
• Complete privacy
• Wildlife haven

Tags

• PRIVATE WILDERNESS RETREAT
• COMPLETE PRIVACY
• TRAIL ACCESS PARADISE
• OFF-GRID LIVING
• WILDLIFE HAVEN

Property features AI

Finance

• Other: Lot approximately 2.003 acres (dimensions ~300x320); No outlet/dead end road frontage; paved streets; township road; Publicly maintained road; Above-grade living area listed as 560 square feet

Exterior

• Parking: Gravel parking; Open parking; RV access/parking
• Utilities: No municipal water (none); Outhouse sewer; Electric service (other); Propane fuel
• Home design: Residential property; One story; Entry level on main floor; Metal roof (over 8 years old); Frame construction
• Construction: Built on pier/pillar/post foundation; Foundation dimensions approximately 20x28; Frame construction; Metal roof
• Exterior features: Vinyl exterior; Deck; No fencing; Property adjoins public land; Heavy tree coverage

Interior

• Kitchen: Range
• Bedrooms: Two bedrooms on the main level
• Bathrooms: Other (no detailed bathroom description provided)
• Heating & cooling: Wood stove heating; No central cooling
• Interior features: Dining area integrated with kitchen; Free-standing wood-burning stove/fireplace (wood burning stove)
• Laundry & utility: No laundry hookups (none)

What this means for you Summary

Snapshot

• This is a 2-bed/?-bath other listed at $71k.

Deal economics

• At list price, monthly cash flow is $179 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($799 rent vs $71k).
• Recommended offer: $70k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#266 in MN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety D, amenities F, commute F.
• Mountain Iron-Buhl School District (town): math 36% / reading 51% proficiency, ranked #196 of 301 in MN (top 65%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 10 active listings in the ZIP; 639 units permitted in St. Louis County in 2024 (338 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($494 loan paydown + $1k appreciation (1.5% local appreciation)).
• At projected returns (1.5% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 5 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.

Recommended offer $70,329 (1.5% 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: 1.12% ✓
• Cap rate: 9.30%
• Cash-on-cash: 10.74%
• DSCR: 1.48
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.5% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 13.8%
• Equity multiple: 1.72×
• Total profit: $14,491
• Equity at exit: $26,256

10-year hold

• IRR: 16.9%
• Equity multiple: 3.14×
• Total profit: $42,877
• Equity at exit: $36,396

Cash invested: $19,992 (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 55710

• Home prices YoY: 0.8%
• Active inventory: 10
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $799 medium
• Mortgage (P&I): −$374
• Tax from tax record: −$48 /mo · $572/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$168
• Net cashflow: $179

Break-even live

Break-even rent $572

Max offer price $71,400

Occupancy floor 73%

Sensitivity live

Price	-10% $219	-5% $199	+0% $179	+5% $159	+10% $139
Rent	-10% $116	-5% $147	+0% $179	+5% $211	+10% $242
Rate	-1.0pp $215	-0.5pp $197	base $179	+0.5pp $161	+1.0pp $142

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: $17,850
• Closing costs: $2,142
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-06-19
   days on market $71,400 Active 30 DOM
2. 2026-06-18
   days on market $71,400 Active 29 DOM
3. 2026-06-17
   days on market $71,400 Active 28 DOM
4. 2026-06-16
   days on market $71,400 Active 27 DOM
5. 2026-06-15
   days on market $71,400 Active 26 DOM
6. 2026-06-14
   days on market $71,400 Active 24 DOM
7. 2026-06-13
   days on market $71,400 Active 23 DOM
8. 2026-06-10
   days on market $71,400 Active 21 DOM
9. 2026-06-09
   days on market $71,400 Active 20 DOM
10. 2026-06-08
    days on market $71,400 Active 19 DOM
11. 2026-06-07
    days on market $71,400 Active 18 DOM
12. 2026-06-02
    days on market $71,400 Active 13 DOM
13. 2026-06-01
    days on market $71,400 Active 12 DOM
14. 2026-05-31
    days on market $71,400 Active 11 DOM
15. 2026-05-30
    days on market $71,400 Active 10 DOM
16. 2026-05-20
    listed $71,400 Active 1039-char remark

    Show marketing remark (1039 chars)

    ESCAPE TO YOUR PRIVATE WILDERNESS RETREAT Discover the perfect off-grid getaway at 7885 Lake Fourteen Rd! This charming 2014-built cabin offers the ultimate escape from the everyday hustle, nestled on 2 private acres at the end of the road where tranquility reigns supreme. What makes this special: ? Complete Privacy - End of road location ensures peaceful solitude ? Adventure at Your Doorstep - Hundreds of acres of public land nearby for endless exploration ? Trail Access Paradise - Close proximity to the renowned Taconite Trail system for ATV and snowmobile enthusiasts ? Cozy Comfort - 2 bedrooms, wood stove for warmth, authentic outhouse experience ? Off-Grid Living - No utilities means true disconnect and lower costs ? Wildlife Haven - Surrounded by nature's beauty and abundant wildlife Whether you're seeking a hunting cabin, weekend retreat, or investment property, this gem delivers authentic Minnesota wilderness living. Perfect for those who appreciate the simple pleasures of life and crave adventure in their backyard.

17. 2026-05-20
    listed $71,400 Active 1069-char remark

    Show marketing remark (1039 chars)

    ESCAPE TO YOUR PRIVATE WILDERNESS RETREAT Discover the perfect off-grid getaway at 7885 Lake Fourteen Rd! This charming 2014-built cabin offers the ultimate escape from the everyday hustle, nestled on 2 private acres at the end of the road where tranquility reigns supreme. What makes this special: ? Complete Privacy - End of road location ensures peaceful solitude ? Adventure at Your Doorstep - Hundreds of acres of public land nearby for endless exploration ? Trail Access Paradise - Close proximity to the renowned Taconite Trail system for ATV and snowmobile enthusiasts ? Cozy Comfort - 2 bedrooms, wood stove for warmth, authentic outhouse experience ? Off-Grid Living - No utilities means true disconnect and lower costs ? Wildlife Haven - Surrounded by nature's beauty and abundant wildlife Whether you're seeking a hunting cabin, weekend retreat, or investment property, this gem delivers authentic Minnesota wilderness living. Perfect for those who appreciate the simple pleasures of life and crave adventure in their backyard.

18. 2026-05-20
    listed $71,400 Active 1039-char remark

    Show marketing remark (1039 chars)

    ESCAPE TO YOUR PRIVATE WILDERNESS RETREAT Discover the perfect off-grid getaway at 7885 Lake Fourteen Rd! This charming 2014-built cabin offers the ultimate escape from the everyday hustle, nestled on 2 private acres at the end of the road where tranquility reigns supreme. What makes this special: ? Complete Privacy - End of road location ensures peaceful solitude ? Adventure at Your Doorstep - Hundreds of acres of public land nearby for endless exploration ? Trail Access Paradise - Close proximity to the renowned Taconite Trail system for ATV and snowmobile enthusiasts ? Cozy Comfort - 2 bedrooms, wood stove for warmth, authentic outhouse experience ? Off-Grid Living - No utilities means true disconnect and lower costs ? Wildlife Haven - Surrounded by nature's beauty and abundant wildlife Whether you're seeking a hunting cabin, weekend retreat, or investment property, this gem delivers authentic Minnesota wilderness living. Perfect for those who appreciate the simple pleasures of life and crave adventure in their backyard.

19. 2025-12-26
    historical
20. 2025-12-25
    historical
21. 2025-11-11
    price $71,400
22. 2025-11-11
    price $71,400
23. 2025-11-11
    price $71,400
24. 2025-08-28
    listed $74,900 Active
25. 2025-08-28
    listed $74,900 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: $572 · $48/mo
• Projected year-2 tax: $686 · $57/mo
• Expected delta: +$114/yr (+$9/mo · 19.9%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥91°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: $9,583
• − Mortgage interest: −$4,000
• − Property taxes: −$572
• − Insurance: −$357
• − Repairs & maintenance: −$767
• − Management: −$767
• − Depreciation: −$2,077
• Taxable income: $1,044
• Est. tax owed @ 24.0%: −$251
• After-tax cash flow: $1,898/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: Mountain Iron-Buhl School District
• NCES district ID: 2700001
• Math proficiency: 36% ▼ -10.00%
• Reading proficiency: 51% ▼ -12.00%
• Median HH income: $46,501
• Composite: 37.01/100
• National rank: #4519
• State rank: #196 of 301 in MN

Livability — Mountain Iron

• Score: 72/100
• State rank: #266
• US rank: #5807

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 2,791
• Population (ZIP): 1,391

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 202,411 people
• By 2030: 203,234 · +0.4%
• By 2040: 202,520 · +0.1%
• By 2050: 200,853 · -0.8%
• By 2075: 200,943 · -0.7%
• By 2100: 192,058 · -5.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 4%
• Common ancestry: Portuguese 9% Italian 3% German 3%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1% Russian/Polish/Slavic 1%

Political lean MEDSL · St. Louis

• 2024 margin: D (+13.7) · D 55.9% · R 42.2% · Other 1.8%
• 2008→2024 swing: -18.8pp toward R · 2008: 32.5pp · 2024: 13.7pp
• All cycles: 2024: D+13.7 2020: D+15.6 2016: D+11.8 2012: D+29.6 2008: D+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.50%
• Current HPI: 195.8182
• 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

-4.7% since first listed

10 events — show timeline

• 2026-05-20 Listed $71,400 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-20 Listed $71,400 LSAR
• 2026-05-20 Listed $71,400 WWRA
• 2025-12-26 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-12-25 Listing Removed — WWRA
• 2025-11-11 Price Changed $71,400 WWRA
• 2025-11-11 Price Changed $71,400 RAOR
• 2025-11-11 Price Changed $71,400 NORTHSTARMLS as Distributed by MLS Grid
• 2025-08-28 Listed $74,900 WWRA
• 2025-08-28 Listed $74,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+23.5%/yr

Latest (2025): $572 · +3.6% YoY. Source: county tax records.