4505 W 7th St · Duluth, MN 55807

$235,000

5 bd · 1.0 ba · 1,560 sqft · SingleFamily public records · 2 Days on market

Built 1930 7,840 sqft lot Est $248k · 5% 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 +18.4/30.0
• ARV discount +9.9/15.0
• DSCR +5.8/10.0
• 1% rule +4.6/10.0
• Schools +4.2/10.0
• Livability +4.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This cute house is looking for love & is a bit of a fixer upper!!- Sitting in the heart of Denfeld on a 60x132 ft lot with a 24x26 ft garage - this 4 Bedroom-1 Bath 1.5 story-expansion bungalow home has metal siding and is perfect for the owner who wants to build some sweat equity! The home has hardwood floors throughout! There is Kitchen, Dining room , Living room with gas fireplace, 2 Bedrooms and Bathroom on the main floor and 2 Bedrooms and an office area on the 2nd floor. (Note: The stairs up are a bit steep) The LL has laundry with an updated washer & dryer. It used to have a family room in the basement, but has had leakage seepage-moisture, so needs cleanup, drainage work

Key facts

• Vinyl windows
• Updated washer
• 60x132 ft lot

Tags

• 60X132 FT LOT
• 24X26 FT GARAGE
• HARDWOOD FLOORS
• GAS FIREPLACE
• UPDATED WASHER
• VINYL WINDOWS

Property features AI

Finance

• Other: Listing broker: RE/MAX Results

Exterior

• Parking: Detached garage; 2 garage spaces; Off-street and on-street parking available
• Utilities: Public water; Public sewer; Cable available
• Home design: Single family detached residence; One-story
• Construction: Residential construction
• Exterior features: Asphalt shingle roof; Paved, public-maintained city street frontage (60 x 132 lot)

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bedrooms: Master bedroom located on the main level
• Flooring: Hardwood floors
• Bathrooms: One three-quarter bathroom
• Heating & cooling: Natural gas heating; Fireplace heating
• Interior features: Ceiling fans; Master suite on the main level; ENERGY STAR qualified windows with wood frames; Full, unfinished basement; Gas fireplace (1)
• Laundry & utility: Washer and dryer included; Washer hookup

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $217 ($3k/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 $226k (3.9% below list).
• Recommended offer: $226k (3.9% below list) — sets the bar for 1% rule.
• Cap rate 7.4% vs local median 4.9% in Duluth — 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 (#36 in MN, #1,060 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities F.
• Duluth Public School District (urban): math 44% / reading 55% proficiency, ranked #132 of 301 in MN (top 44%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 50 active listings in the ZIP; 639 units permitted in St. Louis County in 2024 (338 in 5+ unit buildings).
• This rent runs 44% of the median local income ($62k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1930 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $225,719 (3.9% below list)

Questions for the listing agent

1. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.96% ✗
• Cap rate: 7.40%
• Cash-on-cash: 3.96%
• DSCR: 1.18
• GRM: 8.7

CMA / ARV

• ARV (on-the-fly): $248,040
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4611 W 5th St	0.17mi	4/2.0 (-1)	1,431 (-8%)	4mo	$160,000	$112	66
4312 W 5th St	0.25mi	4/2.5 (-1)	1,728 (+11%)	9mo	$275,000	$159	52
608 N 56th Ave Ave W	0.57mi	4/2.0 (-1)	1,334 (-14%)	2mo	$285,000	$214	38
431 N 51st Ave W	0.65mi	4/2.0 (-1)	1,340 (-14%)	1mo	$255,000	$190	36
5801 W 8th St	0.49mi	4/1.5 (-1)	1,790 (+15%)	14mo	$228,900	$128	34

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: -10.1%
• Equity multiple: 0.63×
• Total profit: $-24,246
• Equity at exit: $35,039

10-year hold

• IRR: -0.7%
• Equity multiple: 0.95×
• Total profit: $-3,304
• Equity at exit: $20,319

Cash invested: $65,800 (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 55807

• Active inventory: 50
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,257 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$236 /mo · $2,828/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $217

Break-even live

Break-even rent $1,982

Max offer price $235,000

Occupancy floor 85%

Sensitivity live

Price	-10% $350	-5% $284	+0% $217	+5% $151	+10% $84
Rent	-10% $39	-5% $128	+0% $217	+5% $306	+10% $396
Rate	-1.0pp $336	-0.5pp $277	base $217	+0.5pp $156	+1.0pp $94

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Listing history 4 events

1. 2026-06-19
   days on market $235,000 Active 2 DOM
2. 2026-06-17
   listing id $235,000 Active 1 DOM
3. 2026-06-17
   remarks 691-char remark
4. 2026-06-17
   listed $235,000 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: $2,828 · $236/mo
• Projected year-2 tax: $2,828 · $236/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 · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 8 d/yr ≥90°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,086
• − Mortgage interest: −$13,164
• − Property taxes: −$2,828
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,167
• − Management: −$2,167
• − Depreciation: −$6,836
• Taxable loss: −$1,251
• Est. tax savings @ 24.0%: +$300
• After-tax cash flow: $2,907/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: Duluth Public School District
• NCES district ID: 2711040
• Math proficiency: 44% ▼ -10.00%
• Reading proficiency: 55% ▼ -6.00%
• Median HH income: $45,692
• Composite: 41.92/100
• National rank: #3360
• State rank: #132 of 301 in MN

Livability — Duluth

• Score: 82/100
• State rank: #36
• US rank: #1060

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Duluth, MN
• County: Saint Louis County · 115,152 people
• City population: 71,097
• Metro: Duluth, MN-WI
• Population (ZIP): 9,763
• Household income: $62,067
• Rent vs Own: 28.4% rent · 71.6% own
• Severe rent burden: 407.0

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 (86%)
• Race & ethnicity: White 86% Two or more races 8% Hispanic / Latino 4% Native American 1% Black 1%
• Common ancestry: Portuguese 14% Romanian 6% Lithuanian 4%
• Foreign-born: 3% · Canada, South Korea
• Languages at home: 96% English-only · Spanish 2% 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: ▼ -127.84%
• Current HPI: 212.6883
• Rent YoY: —
• Metro: Duluth, 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

1 event — show timeline

• 2026-06-16 Listed $235,000 LSAR

Property tax history

+1.4%/yr

Latest (2026): $2,828 · +0.2% YoY. Source: county tax records.