341 Main St E · Trimont, MN 56176

$164,900

3 bd · 1.0 ba · 1,443 sqft · SingleFamily public records · 49 Days on market

Built 1910 9,713 sqft lot

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Why this score? — see what drove the D 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 +10.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Schools +3.8/10.0
• Livability +3.6/5.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.1/10.0

Listing remarks

Welcome to this beautifully maintained 3-bedroom, 1-bath home offering the perfect blend of modern updates and original charm. The main level features an extra-large living room, a gorgeous formal dining room, and a spacious front porch that provides additional living space during the warmer months. The updated kitchen boasts all-new appliances along with ample cabinet and pantry storage. Just off the kitchen, a convenient mudroom leads directly to the deck, ideal for everyday functionality. Upstairs, you’ll find a beautifully remodeled full bathroom and three generously sized bedrooms. Throughout the home, original woodwork has been thoughtfully preserved, adding warmth and character

Key facts

• Convenient mudroom
• Spacious front porch
• Updated kitchen

Tags

• EXTRA-LARGE LIVING ROOM
• GORGEOUS FORMAL DINING ROOM
• SPACIOUS FRONT PORCH
• UPDATED KITCHEN
• AMPLE CABINET STORAGE
• CONVENIENT MUDROOM

Property features AI

Exterior

• Parking: Multiple garages; 3-car garage (approximately 25 x 28 and 24 x 16)
• Utilities: City water (connected); City sewer (connected); Natural gas; Electric service with circuit breakers and fuses
• Home design: Residential property; One and one-half stories; Main entry on main level; City street frontage
• Construction: Foundation area approximately 734; Foundation dimensions about 24 x 30
• Exterior features: Front porch; Patio; Wood exterior

Interior

• Kitchen: Cooktop; Range; Microwave; Dishwasher; Refrigerator; Stainless steel appliances; Kitchen window
• Bedrooms: 3 bedrooms (all on upper level)
• Bathrooms: One full bathroom on the upper level
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Separate formal dining room; Unfinished basement; Kitchen window; Patio; Porch; Washer/dryer hookup; Water filtration system; Water softener (owned); Gas water heater
• Laundry & utility: Washer and dryer included; Laundry area on lower level; Washer/dryer hookup; Water softener (owned); Water filtration system

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $-100 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $147k (10.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $118k (28.7% below list).
• Recommended offer: $118k (28.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#288 in MN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D+, amenities F, commute F.
• Martin County West School District (rural): math 38% / reading 50% proficiency, ranked #187 of 301 in MN (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Trimont Elementary (math 42% / reading 52%, grade D-, #492 of 857 statewide, top 61%, 185 students, 48% FRL); Martin County West Junior High (math 27% / reading 37%, grade F, #188 of 258 statewide, top 73%, 95 students, 47% FRL); Martin County West Senior High (math 44% / reading 64%, grade C-, #87 of 471 statewide, top 22%, 224 students, 48% FRL) — zoned schools average 48% FRL vs 28% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 12 active listings in the ZIP; 19 units permitted in Martin County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $18k of equity ($1k loan paydown + $16k appreciation (10.0% local appreciation)).
• Martin County population projected at -19% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 3, paydown + projected appreciation supports a ~$45k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($160k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 16y ago 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.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $117,522 (28.7% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 29% concession, seller financing, or rate buy-down credit?
3. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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 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: 0.71% ✗
• Cap rate: 5.56%
• Cash-on-cash: -2.60%
• DSCR: 0.88
• GRM: 11.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 22.4%
• Equity multiple: 2.81×
• Total profit: $83,387
• Equity at exit: $148,555

10-year hold

• IRR: 20.1%
• Equity multiple: 6.42×
• Total profit: $250,471
• Equity at exit: $320,364

Cash invested: $46,172 (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 56176

• Home prices YoY: 4.2%
• Active inventory: 12
• Price-to-rent: 11.7×

Monthly cashflow live

• Estimated rent: $1,175 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$95 /mo · $1,140/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$247
• Net cashflow: $-100

Break-even live

Break-even rent $1,302

Max offer price $147,228

Occupancy floor —

Sensitivity live

Price	-10% $-7	-5% $-53	+0% $-100	+5% $-147	+10% $-193
Rent	-10% $-193	-5% $-146	+0% $-100	+5% $-54	+10% $-7
Rate	-1.0pp $-17	-0.5pp $-58	base $-100	+0.5pp $-143	+1.0pp $-186

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: $41,225
• Closing costs: $4,947
• Reserves months: —
• Total cash needed: —

Listing history 46 events

1. 2026-06-22
   days on market $164,900 Active 49 DOM
2. 2026-06-21
   days on market $164,900 Active 48 DOM
3. 2026-06-21
   days on market $164,900 Active 47 DOM
4. 2026-06-18
   days on market $164,900 Active 45 DOM
5. 2026-06-17
   days on market $164,900 Active 44 DOM
6. 2026-06-16
   days on market $164,900 Active 43 DOM
7. 2026-06-15
   days on market $164,900 Active 42 DOM
8. 2026-06-13
   days on market $164,900 Active 40 DOM
9. 2026-06-12
   days on market $164,900 Active 39 DOM
10. 2026-06-09
    days on market $164,900 Active 36 DOM
11. 2026-06-08
    days on market $164,900 Active 35 DOM
12. 2026-06-07
    days on market $164,900 Active 34 DOM
13. 2026-06-05
    days on market $164,900 Active 32 DOM
14. 2026-06-04
    days on market $164,900 Active 30 DOM
15. 2026-06-02
    days on market $164,900 Active 29 DOM
16. 2026-06-01
    days on market $164,900 Active 28 DOM
17. 2026-05-31
    days on market $164,900 Active 27 DOM
18. 2026-05-31
    days on market $164,900 Active 26 DOM
19. 2026-05-04
    listed $164,900 Active 1451-char remark
20. 2026-05-02
    historical
21. 2026-03-27
    price $164,900
22. 2026-02-02
    listed $169,900 Active
23. 2026-01-01
    historical
24. 2025-11-05
    price $165,900
25. 2025-11-05
    price $165,900
26. 2025-09-11
    listed $170,000 Active
27. 2023-10-24
    soldstatus $155,000
28. 2023-10-23
    soldstatus $155,000 Sold
29. 2023-09-30
    status Pending
30. 2023-09-11
    price $164,900
31. 2023-08-13
    listed $169,900 Active
32. 2023-08-08
    historical $169,900
33. 2019-02-02
    historical
34. 2019-02-02
    historical
35. 2017-07-07
    soldstatus $33,450
36. 2017-04-11
    listed $39,900
37. 2016-02-18
    soldstatus $17,000
38. 2011-10-21
    soldstatus $10,100
39. 2011-10-21
    soldstatus $10,100
40. 2011-06-29
    listed $10,000
41. 2011-06-29
    listed $10,000
42. 2011-06-29
    listed $10,000
43. 2010-07-26
    listed $69,900
44. 2007-04-02
    soldstatus $61,478
45. 2002-08-30
    soldstatus $45,000
46. 1998-09-15
    soldstatus $25,500

ⓘ 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: $1,140 · $95/mo
• Projected year-2 tax: $1,493 · $124/mo
• Expected delta: +$353/yr (+$29/mo · 31.0%)

ⓘ 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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $14,103
• − Mortgage interest: −$9,237
• − Property taxes: −$1,140
• − Insurance: −$824
• − Repairs & maintenance: −$1,128
• − Management: −$1,128
• − Depreciation: −$4,797
• Taxable loss: −$4,152
• Est. tax savings @ 24.0%: +$997
• After-tax cash flow: $-204/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: Martin County West School District
• NCES district ID: 2718960
• Math proficiency: 38% ▼ -13.00%
• Reading proficiency: 50% ▼ -8.00%
• Median HH income: $48,825
• Composite: 37.66/100
• National rank: #4369
• State rank: #187 of 301 in MN

Livability — Trimont

• Score: 72/100
• State rank: #288
• US rank: #6269

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Trimont, MN
• Population (ZIP): 985

Population outlook (Martin County) Hauer SSP2

• Today (2025): 18,583 people
• By 2030: 17,814 · -4.1%
• By 2040: 16,312 · -12.2%
• By 2050: 15,021 · -19.2%
• By 2075: 13,025 · -29.9%
• By 2100: 11,311 · -39.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (88%)
• Race & ethnicity: White 88% Hispanic / Latino 9% Two or more races 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 8%
• Common ancestry: Portuguese 12% Lithuanian 5% Italian 3%
• Foreign-born: 1%
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Martin

• 2024 margin: Solid R (+39.7) · D 29.5% · R 69.1% · Other 1.4%
• 2008→2024 swing: -24.4pp toward R · 2008: -15.2pp · 2024: -39.7pp
• All cycles: 2024: R+39.7 2020: R+37.9 2016: R+41.4 2012: R+23.8 2008: R+15.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 13.31%
• Current HPI: 331.7374
• 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

+546.7% since first listed

28 events — show timeline

• 2026-05-04 Listed $164,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-27 Price Changed $164,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-02 Listed $169,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-01 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-11-05 Price Changed $165,900 RASM
• 2025-11-05 Price Changed $165,900 NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-11 Listed $170,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-10-24 Sold (Public Records) $155,000 Public Records
• 2023-10-23 Sold (MLS) $155,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-30 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-11 Price Changed $164,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-13 Listed $169,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-08 Coming Soon $169,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2017-07-07 Sold (MLS) $33,450 NORTHSTARMLS as Distributed by MLS Grid
• 2017-04-11 Listed $39,900 NORTHSTARMLS as Distributed by MLS Grid
• 2016-02-18 Sold (Public Records) $17,000 Public Records
• 2011-10-21 Sold (MLS) $10,100 NORTHSTARMLS as Distributed by MLS Grid
• 2011-10-21 Sold (MLS) $10,100 NORTHSTARMLS as Distributed by MLS Grid
• 2011-06-29 Listed $10,000 NORTHSTARMLS as Distributed by MLS Grid
• 2011-06-29 Listed $10,000 NORTHSTARMLS as Distributed by MLS Grid
• 2011-06-29 Listed $10,000 NORTHSTARMLS as Distributed by MLS Grid
• 2010-07-26 Listed $69,900 NORTHSTARMLS as Distributed by MLS Grid
• 2007-04-02 Sold (Public Records) $61,478 Public Records
• 2002-08-30 Sold (Public Records) $45,000 Public Records
• 1998-09-15 Sold (Public Records) $25,500 Public Records

Property tax history

+10.5%/yr

Latest (2025): $1,140 · +68.6% YoY. Source: county tax records.