401 Bedal St · Walnut Grove, MN 56180

$69,500

4 bd · 1.0 ba · 802 sqft · SingleFamily public records · 330 Days on market

Built 1895 0.32 ac lot

---

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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +7.6/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Check out this 4 bed 1 bath, with new siding, windows on main floor, flooring and several updates. Step into this property for the right price to put some sweat equity in to finish off the upgrades. The current heating is out as the heat registers were taken out. Detached garage, and house sits on a a large corner lot with Ally access. Investors step up and finish project or put money in instead of spending all the extra. Get your slice of property on the banks of plum creek.

Key facts

• Covered front porch
• Loft
• Natural light

Tags

• CORNER LOT
• COVERED FRONT PORCH
• UPDATED FLOORING
• NATURAL LIGHT
• DETACHED GARAGE
• LOFT

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $434 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $61k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#66 in MN, #1,651 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, amenities F, commute F.
• Westbrook-Walnut Grove Schools (rural): math 42% / reading 42% proficiency, ranked #213 of 301 in MN (top 71%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 11 active listings in the ZIP; 25 units permitted in Redwood County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($481 loan paydown + $4k appreciation (5.2% local appreciation)).
• Redwood County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (5.2% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 330 days — a 12% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y ago; this cycle's ask has dropped $70k (50%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $70k implies a 132% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1895 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,160 (12.0% below list)

Questions for the listing agent

1. It's been on market 330 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1895 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.60% ✓
• Cap rate: 13.79%
• Cash-on-cash: 26.78%
• DSCR: 2.19
• GRM: 5.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.23% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.7%
• Equity multiple: 3.29×
• Total profit: $44,587
• Equity at exit: $40,358

10-year hold

• IRR: 34.7%
• Equity multiple: 6.68×
• Total profit: $110,460
• Equity at exit: $70,471

Cash invested: $19,460 (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 56180

• Home prices YoY: 2.5%
• Active inventory: 11
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,112 medium
• Mortgage (P&I): −$364
• Tax from tax record: −$51 /mo · $610/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $434

Break-even live

Break-even rent $562

Max offer price $69,500

Occupancy floor 56%

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: $17,375
• Closing costs: $2,085
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-06-18
   days on market $69,500 Active 330 DOM
2. 2026-06-17
   days on market $69,500 Active 329 DOM
3. 2026-06-16
   days on market $69,500 Active 328 DOM
4. 2026-06-15
   days on market $69,500 Active 327 DOM
5. 2026-06-13
   days on market $69,500 Active 325 DOM
6. 2026-06-12
   days on market $69,500 Active 324 DOM
7. 2026-06-09
   days on market $69,500 Active 321 DOM
8. 2026-06-08
   days on market $69,500 Active 320 DOM
9. 2026-06-07
   days on market $69,500 Active 319 DOM
10. 2026-06-07
    days on market $69,500 Active 318 DOM
11. 2026-06-04
    days on market $69,500 Active 315 DOM
12. 2026-06-02
    days on market $69,500 Active 314 DOM
13. 2026-06-01
    days on market $69,500 Active 313 DOM
14. 2026-05-31
    days on market $69,500 Active 312 DOM
15. 2026-05-31
    days on market $69,500 Active 311 DOM
16. 2026-03-09
    price $87,500 484-char remark

    Show marketing remark (484 chars)

    Check out this 4 bed 1 bath, with new siding, windows on main floor, flooring and several updates. Step into this property for the right price to put some sweat equity in to finish off the upgrades. The current heating is out as the heat registers were taken out. Detached garage, and house sits on a a large corner lot with Ally access. Investors step up and finish project or put money in instead of spending all the extra. Get your slice of property on the banks of plum creek.

17. 2025-12-12
    price $95,000 484-char remark

    Show marketing remark (484 chars)

    Check out this 4 bed 1 bath, with new siding, windows on main floor, flooring and several updates. Step into this property for the right price to put some sweat equity in to finish off the upgrades. The current heating is out as the heat registers were taken out. Detached garage, and house sits on a a large corner lot with Ally access. Investors step up and finish project or put money in instead of spending all the extra. Get your slice of property on the banks of plum creek.

18. 2025-09-08
    price $120,000 484-char remark

    Show marketing remark (484 chars)

    Check out this 4 bed 1 bath, with new siding, windows on main floor, flooring and several updates. Step into this property for the right price to put some sweat equity in to finish off the upgrades. The current heating is out as the heat registers were taken out. Detached garage, and house sits on a a large corner lot with Ally access. Investors step up and finish project or put money in instead of spending all the extra. Get your slice of property on the banks of plum creek.

19. 2025-07-23
    listed $139,000 Active 484-char remark

    Show marketing remark (484 chars)

    Check out this 4 bed 1 bath, with new siding, windows on main floor, flooring and several updates. Step into this property for the right price to put some sweat equity in to finish off the upgrades. The current heating is out as the heat registers were taken out. Detached garage, and house sits on a a large corner lot with Ally access. Investors step up and finish project or put money in instead of spending all the extra. Get your slice of property on the banks of plum creek.

20. 2023-07-18
    historical 527-char remark

    Show marketing remark (527 chars)

    Located in beautiful Walnut Grove, MN, this gem is looking for the perfect owner/investor. Property had been vacant for many years and will need a new HVAC system throughout. Water had been shut-off and the meter was removed by the city; seller does not know condition of the plumbing system. Updates include fresh paint and laminate flooring on the main level. Some love and care will make this one shine!!! Make it yours’s and enjoy affordable living in a great town. Home is being offered as an "AS-IS" sell.

21. 2023-07-17
    soldstatus $30,000 Sold 527-char remark

    Show marketing remark (527 chars)

    Located in beautiful Walnut Grove, MN, this gem is looking for the perfect owner/investor. Property had been vacant for many years and will need a new HVAC system throughout. Water had been shut-off and the meter was removed by the city; seller does not know condition of the plumbing system. Updates include fresh paint and laminate flooring on the main level. Some love and care will make this one shine!!! Make it yours’s and enjoy affordable living in a great town. Home is being offered as an "AS-IS" sell.

22. 2023-07-17
    soldstatus $30,000

    Show marketing remark (527 chars)

    Located in beautiful Walnut Grove, MN, this gem is looking for the perfect owner/investor. Property had been vacant for many years and will need a new HVAC system throughout. Water had been shut-off and the meter was removed by the city; seller does not know condition of the plumbing system. Updates include fresh paint and laminate flooring on the main level. Some love and care will make this one shine!!! Make it yours’s and enjoy affordable living in a great town. Home is being offered as an "AS-IS" sell.

23. 2023-06-30
    status Pending 527-char remark

    Show marketing remark (527 chars)

    Located in beautiful Walnut Grove, MN, this gem is looking for the perfect owner/investor. Property had been vacant for many years and will need a new HVAC system throughout. Water had been shut-off and the meter was removed by the city; seller does not know condition of the plumbing system. Updates include fresh paint and laminate flooring on the main level. Some love and care will make this one shine!!! Make it yours’s and enjoy affordable living in a great town. Home is being offered as an "AS-IS" sell.

24. 2023-06-05
    historical Contingent - Subject to Financing 527-char remark

    Show marketing remark (527 chars)

    Located in beautiful Walnut Grove, MN, this gem is looking for the perfect owner/investor. Property had been vacant for many years and will need a new HVAC system throughout. Water had been shut-off and the meter was removed by the city; seller does not know condition of the plumbing system. Updates include fresh paint and laminate flooring on the main level. Some love and care will make this one shine!!! Make it yours’s and enjoy affordable living in a great town. Home is being offered as an "AS-IS" sell.

25. 2023-05-10
    listed $45,900 Active 527-char remark

    Show marketing remark (527 chars)

    Located in beautiful Walnut Grove, MN, this gem is looking for the perfect owner/investor. Property had been vacant for many years and will need a new HVAC system throughout. Water had been shut-off and the meter was removed by the city; seller does not know condition of the plumbing system. Updates include fresh paint and laminate flooring on the main level. Some love and care will make this one shine!!! Make it yours’s and enjoy affordable living in a great town. Home is being offered as an "AS-IS" sell.

26. 2020-01-24
    soldstatus $17,000
27. 2017-08-31
    soldstatus $19,900
28. 2017-08-30
    soldstatus $19,900
29. 2017-08-14
    listed $19,900

ⓘ 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: $610 · $51/mo
• Projected year-2 tax: $694 · $58/mo
• Expected delta: +$84/yr (+$7/mo · 13.8%)

ⓘ 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 ≥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: $13,345
• − Mortgage interest: −$3,893
• − Property taxes: −$610
• − Insurance: −$348
• − Repairs & maintenance: −$1,068
• − Management: −$1,068
• − Depreciation: −$2,022
• Taxable income: $4,337
• Est. tax owed @ 24.0%: −$1,041
• After-tax cash flow: $4,170/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: Westbrook-Walnut Grove Schools
• NCES district ID: 2700183
• Math proficiency: 42% ▼ -13.00%
• Reading proficiency: 42% ▼ -8.00%
• Median HH income: $43,672
• Composite: 35.55/100
• National rank: #4906
• State rank: #213 of 301 in MN

Livability — Walnut Grove

• Score: 80/100
• State rank: #66
• US rank: #1651

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Walnut Grove, MN
• Population (ZIP): 1,203

Population outlook (Redwood County) Hauer SSP2

• Today (2025): 14,504 people
• By 2030: 13,983 · -3.6%
• By 2040: 13,056 · -10.0%
• By 2050: 12,225 · -15.7%
• By 2075: 11,051 · -23.8%
• By 2100: 9,786 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 59% Asian 29% Two or more races 9% Hispanic / Latino 4% Native American 3%
• Common ancestry: Portuguese 14% English 4% Scottish 2%
• Foreign-born: 17% · Philippines, Canada
• Languages at home: 74% English-only · Other Asian/Pacific 22% Spanish 3%

Political lean MEDSL · Redwood

• 2024 margin: Solid R (+43.3) · D 27.7% · R 71.0% · Other 1.2%
• 2008→2024 swing: -29.8pp toward R · 2008: -13.6pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+41.2 2016: R+43.0 2012: R+20.1 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.23%
• Current HPI: 210.5411
• 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

+339.7% since first listed

14 events — show timeline

• 2026-03-09 Price Changed $87,500 NORTHSTARMLS as Distributed by MLS Grid
• 2025-12-12 Price Changed $95,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-08 Price Changed $120,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-07-23 Listed $139,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-07-18 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2023-07-17 Sold (Public Records) $30,000 Public Records
• 2023-07-17 Sold (MLS) $30,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-06-30 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-06-05 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-10 Listed $45,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-01-24 Sold (Public Records) $17,000 Public Records
• 2017-08-31 Sold (Public Records) $19,900 Public Records
• 2017-08-30 Sold (MLS) $19,900 NORTHSTARMLS as Distributed by MLS Grid
• 2017-08-14 Listed $19,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

-1.5%/yr

Latest (2025): $610 · +39.9% YoY. Source: county tax records.