6342 Saint Johns Dr · Eden Prairie, MN 55346

$255,000

2 bd · 2.5 ba · 1,658 sqft · Townhouse public records · 8 Days on market

Built 1974 1,742 sqft lot $154/sqft · 21% below area Est $322k · 21% under $430/mo HOA · 20% of rent

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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).

• ARV discount +15.0/15.0
• Cash flow +6.6/30.0
• Schools +6.0/10.0
• Livability +4.2/5.0
• 1% rule +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.9/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this end-unit quad townhome in the lovely city of Eden Prairie! This home features stainless steel appliances, vinyl plank floors, a spacious private patio, two-car detached garage, and a huge lower-level family room. Both upper-level bedrooms are huge, with a primary suite private 3/4 bath. The second bedroom also has a walk-thru bath. This quiet neighborhood offers many amenities including a heated, below-ground community pool, playground, basketball court, picnic area, and more! Super convenient location, within walking distance of Lifetime Fitness, close to shopping, restaurants, easy freeway access, and just minutes away from the MN River Bluff regional trails.

Key facts

• $430 HOA
• 2 garage spots
• Pool

Property features AI

Finance

• Financial info: Conventional mortgage financing indicated
• HOA & community: Homeowners association managed by Sharper Management; Monthly association fee of $430; HOA covers lawn care, grounds maintenance, professional management, shared amenities and snow removal

Exterior

• Parking: 2-car garage (approximately 22 x 20, 9' high door, 7' wide door); Guest parking available
• Utilities: City water; City sewer; 100 amp electric service (Xcel Energy); Natural gas
• Home design: Attached residential property; Two levels; Block foundation; Asphalt roof
• Construction: Block foundation (main foundation details listed)
• Exterior features: Enclosed patio and main-floor patio; Shared heated below-ground pool; Tree coverage (medium); Underground utilities; Public transit within six blocks; Private road with paved streets, curbs and a no-outlet/dead-end

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator; Disposal; Stainless steel appliances
• Bedrooms: Two bedrooms (both on the upper level)
• Bathrooms: Primary 3/4 bath; Upper-level full bath; Main-floor half bath; Walk-through bathroom layout
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Finished full basement with daylight/lookout windows, drain tile and sump pump; Informal dining area open to the kitchen; Enclosed patio
• Laundry & utility: Washer and dryer; Laundry located on the lower level

What this means for you Summary

Snapshot

• This is a 2-bed/2.5-bath townhouse listed at $255k.

Deal economics

• At list price, monthly cash flow is $-417 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $181k (28.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (16.2% below list).
• Recommended offer: $181k (28.9% below list) — sets the bar for cash-flow.
• Cap rate 4.3% vs local median 2.7% in Eden Prairie — 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 85/100 on livability (#21 in MN, #575 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities F, cost of living F.
• Eden Prairie Public School District (urban): math 61% / reading 70% proficiency, ranked #13 of 301 in MN (top 4%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 17% free/reduced lunch — higher-income household profile.
• Zoned schools: Eagle Heights Spanish Immersion (math 62% / reading 75%, grade B+, #91 of 857 statewide, top 11%, 715 students, 9% FRL); Central Middle School (math 55% / reading 69%, grade B+, #19 of 258 statewide, top 8%, 1,909 students, 30% FRL); Eden Prairie Senior High (math 61% / reading 71%, grade B, #24 of 471 statewide, top 5%, 2,833 students, 31% FRL).
• Market conditions: 62 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 4,651 units permitted in Hennepin County in 2024 (2,443 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 $8k of value loss. Plan a longer hold.
• Hennepin County population projected at +30% 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.
• 8 sale attempts since 7y 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: HOA is 20% of rent.

Recommended offer $181,417 (28.9% 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. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
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: 0.84% ✗
• Cap rate: 4.33%
• Cash-on-cash: -7.00%
• DSCR: 0.69
• GRM: 9.9

CMA / ARV

• ARV (median comp): $321,914
• List price: $255,000
• Delta: -20.79%
• Verdict: UNDERPRICED
• Comps: 4 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -28.3%
• Equity multiple: 0.05×
• Total profit: $-67,607
• Equity at exit: $38,021

10-year hold

• IRR: -26.9%
• Equity multiple: -0.29×
• Total profit: $-92,044
• Equity at exit: $22,048

Cash invested: $71,400 (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 55346

• Active inventory: 62
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,138 medium
• Mortgage (P&I): −$1,337
• Tax from tax record: −$232 /mo · $2,784/yr
• Insurance: −$106
• HOA: −$430
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $-417

Break-even live

Break-even rent $2,665

Max offer price $181,417

Occupancy floor —

Sensitivity live

Price	-10% $-272	-5% $-344	+0% $-417	+5% $-489	+10% $-561
Rent	-10% $-585	-5% $-501	+0% $-417	+5% $-332	+10% $-248
Rate	-1.0pp $-288	-0.5pp $-352	base $-417	+0.5pp $-483	+1.0pp $-550

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: $63,750
• Closing costs: $7,650
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6502 Kingfisher Ln Eden Prairie, MN	2.0–3.0	1.5–2.5	1293	$2,195	$1.70	0d	5	0.24mi
14247 Valley View Rd Eden Prairie, MN	1.0–3.0	1.0–2.0	1003	$1,700	$1.69	4d	11	1.44mi

HOA detail

• Monthly dues: $430 · $5,160/yr
• Likely covers: pool

Listing history 20 events

1. 2026-05-11
   status Pending 691-char remark
2. 2026-05-08
   historical Contingent - Inspection 691-char remark
3. 2026-05-03
   listed $255,000 Active 691-char remark
4. 2025-01-05
   historical $1,995
5. 2024-12-20
   listed $1,995
6. 2024-12-13
   historical
7. 2024-11-05
   price $227,500
8. 2024-11-01
   listed $232,500 Active
9. 2024-11-01
   historical
10. 2024-10-14
    status Active
11. 2024-08-20
    status Active
12. 2024-08-20
    price $232,500
13. 2024-07-26
    status Active
14. 2024-07-19
    listed $239,900 Active
15. 2020-01-23
    soldstatus $208,000
16. 2020-01-17
    soldstatus $208,000 Sold
17. 2020-01-08
    status Pending
18. 2019-12-16
    historical Contingent - Subject to Statutory Rescission
19. 2019-12-03
    listed $215,000 Active
20. 1987-06-01
    soldstatus $63,000

ⓘ 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: $2,784 · $232/mo
• Projected year-2 tax: $2,820 · $235/mo
• Expected delta: +$36/yr (+$3/mo · 1.3%)

ⓘ 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 (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,656
• − Mortgage interest: −$14,284
• − Property taxes: −$2,784
• − Insurance: −$1,275
• − Repairs & maintenance: −$2,052
• − Management: −$2,052
• − HOA: −$5,160
• − Depreciation: −$7,418
• Taxable loss: −$9,371
• Est. tax savings @ 24.0%: +$2,249
• After-tax cash flow: $-2,749/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: Eden Prairie Public School District
• NCES district ID: 2714220
• Math proficiency: 61% ▼ -8.00%
• Reading proficiency: 70% ▼ -3.00%
• Median HH income: $95,212
• Composite: 59.93/100
• National rank: #879
• State rank: #13 of 301 in MN

Livability — Eden Prairie

• Score: 85/100
• State rank: #21
• US rank: #575

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Eden Prairie, MN
• City population: 44,463
• Population (ZIP): 18,602

Population outlook (Hennepin County) Hauer SSP2

• Today (2025): 1,405,227 people
• By 2030: 1,492,650 · +6.2%
• By 2040: 1,660,157 · +18.1%
• By 2050: 1,823,498 · +29.8%
• By 2075: 2,221,283 · +58.1%
• By 2100: 2,509,976 · +78.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Black 8% Asian 8% Two or more races 7% Hispanic / Latino 3%
• Common ancestry: Portuguese 11% Romanian 3% Italian 3%
• Foreign-born: 13% · Canada, Vietnam, China
• Languages at home: 80% English-only · Other Asian/Pacific 4% Spanish 3% Other Indo-European 2%

Political lean MEDSL · Hennepin

• 2024 margin: Solid D (+42.6) · D 70.2% · R 27.5% · Other 2.3%
• 2008→2024 swing: +14.0pp toward D · 2008: 28.6pp · 2024: 42.6pp
• All cycles: 2024: D+42.6 2020: D+43.2 2016: D+35.3 2012: D+27.1 2008: D+28.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -269.24%
• Current HPI: 230.5792
• 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

+304.8% since first listed

21 events — show timeline

• 2026-05-22 Sold (MLS) $255,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-11 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-08 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-03 Listed $255,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-01-05 Rental Removed $1,995 APPFOLIO
• 2024-12-20 Listed for Rent $1,995 APPFOLIO
• 2024-12-13 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2024-11-05 Price Changed $227,500 NORTHSTARMLS as Distributed by MLS Grid
• 2024-11-01 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2024-11-01 Listed $232,500 NORTHSTARMLS as Distributed by MLS Grid
• 2024-10-14 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-20 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-20 Price Changed $232,500 NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-26 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-19 Listed $239,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-01-23 Sold (Public Records) $208,000 Public Records
• 2020-01-17 Sold (MLS) $208,000 NORTHSTARMLS as Distributed by MLS Grid
• 2020-01-08 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2019-12-16 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2019-12-03 Listed $215,000 NORTHSTARMLS as Distributed by MLS Grid
• 1987-06-01 Sold (Public Records) $63,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $2,784 · +4.7% YoY. Source: county tax records.