210 E Lawrence St · Dunnell, MN 56127

$180,000

4 bd · 2.0 ba · 1,785 sqft · SingleFamily public records · 193 Days on market

Built 1950 1.31 ac 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).

• Appreciation +9.5/10.0
• Cash flow +8.1/30.0
• ARV discount +7.5/15.0
• Schools +3.8/10.0
• Livability +2.8/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0

Listing remarks MLS

Dunnell, MN · 1.31 Acres · Corner Lot Room to breathe. A home that earns it. Set on a commanding 1.31-acre corner lot in peaceful Dunnell, this isn't just a home — it's a lifestyle. Wide open skies, room for every hobby, and a yard that invites you to actually use it. Inside, a sun-drenched main level flows into a sprawling 29' × 17' living room with a gas fireplace and built-in surround sound. The primary suite delivers a true retreat — Jacuzzi tub, separate shower, and an oversized deck perfectly positioned to catch the sunrise over your own private grounds. Three additional bedrooms and a family room on the lower level round out a floor plan that flexes for any lifestyle. A detached double garage plus a separate detached single gives you three covered stalls — a rare find that hobby enthusiasts, collectors, and anyone who actually needs space will immediately appreciate. With new carpet on both levels (2024–2025), updated windows, newer roofs, and a refreshed front entry, the work is already done. This is a move-in-ready acreage property with years of smart improvements behind it — and that combination doesn't come along often. If you've been searching for room to live, room to grow, and a home that matches your pace of life — see this one in person before it's gone.

Key facts

• Cozy gas fireplace
• Oversized deck
• 1.31 acre corner lot

Tags

• 1.31 ACRE CORNER LOT
• EXPANSIVE LIVING ROOM
• COZY GAS FIREPLACE
• BUILT-IN SURROUND SOUND
• JACUZZI TUB
• OVERSIZED DECK

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $-179 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $148k (17.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $139k (23.0% below list).
• Recommended offer: $139k (23.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 56/100 on livability (#849 in MN) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A; Watch: health & safety D+, crime D-, amenities 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: 3 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 $17k of equity ($1k loan paydown + $16k appreciation (9.0% 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 ~$44k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 193 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $25k; list at $180k implies a 620% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $138,548 (23.0% 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 193 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 0.77% ✗
• Cap rate: 5.10%
• Cash-on-cash: -4.27%
• DSCR: 0.81
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

8.97% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 19.0%
• Equity multiple: 2.47×
• Total profit: $74,154
• Equity at exit: $148,858

10-year hold

• IRR: 17.7%
• Equity multiple: 5.46×
• Total profit: $224,897
• Equity at exit: $307,843

Cash invested: $50,400 (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 56127

• Home prices YoY: 4.9%
• Active inventory: 3
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,385 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$255 /mo · $3,058/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $-179

Break-even live

Break-even rent $1,612

Max offer price $148,336

Occupancy floor —

Sensitivity live

Price	-10% $-77	-5% $-128	+0% $-179	+5% $-230	+10% $-281
Rent	-10% $-289	-5% $-234	+0% $-179	+5% $-125	+10% $-70
Rate	-1.0pp $-89	-0.5pp $-133	base $-179	+0.5pp $-226	+1.0pp $-273

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-22
   days on market $180,000 Active 193 DOM
2. 2026-06-21
   days on market $180,000 Active 192 DOM
3. 2026-06-21
   days on market $180,000 Active 191 DOM
4. 2026-06-18
   days on market $180,000 Active 189 DOM
5. 2026-06-17
   days on market $180,000 Active 188 DOM
6. 2026-06-16
   days on market $180,000 Active 187 DOM
7. 2026-06-15
   days on market $180,000 Active 186 DOM
8. 2026-06-13
   days on market $180,000 Active 184 DOM
9. 2026-06-12
   days on market $180,000 Active 183 DOM
10. 2026-06-09
    days on market $180,000 Active 180 DOM
11. 2026-06-08
    days on market $180,000 Active 179 DOM
12. 2026-06-07
    days on market $180,000 Active 178 DOM
13. 2026-06-05
    days on market $180,000 Active 176 DOM
14. 2026-06-04
    days on market $180,000 Active 174 DOM
15. 2026-06-02
    days on market $180,000 Active 173 DOM
16. 2026-06-01
    days on market $180,000 Active 172 DOM
17. 2026-05-31
    days on market $180,000 Active 171 DOM
18. 2026-05-31
    days on market $180,000 Active 170 DOM
19. 2025-12-11
    listed $195,000 Active 1346-char remark

    Show marketing remark (1346 chars)

    Dunnell, MN · 1.31 Acres · Corner Lot Room to breathe. A home that earns it. Set on a commanding 1.31-acre corner lot in peaceful Dunnell, this isn't just a home — it's a lifestyle. Wide open skies, room for every hobby, and a yard that invites you to actually use it. Inside, a sun-drenched main level flows into a sprawling 29' × 17' living room with a gas fireplace and built-in surround sound. The primary suite delivers a true retreat — Jacuzzi tub, separate shower, and an oversized deck perfectly positioned to catch the sunrise over your own private grounds. Three additional bedrooms and a family room on the lower level round out a floor plan that flexes for any lifestyle. A detached double garage plus a separate detached single gives you three covered stalls — a rare find that hobby enthusiasts, collectors, and anyone who actually needs space will immediately appreciate. With new carpet on both levels (2024–2025), updated windows, newer roofs, and a refreshed front entry, the work is already done. This is a move-in-ready acreage property with years of smart improvements behind it — and that combination doesn't come along often. If you've been searching for room to live, room to grow, and a home that matches your pace of life — see this one in person before it's gone.

20. 1997-10-13
    soldstatus $25,000

ⓘ 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: $3,058 · $255/mo
• Projected year-2 tax: $3,058 · $255/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 6/10 Major 72% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 16 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: $16,626
• − Mortgage interest: −$10,083
• − Property taxes: −$3,058
• − Insurance: −$900
• − Repairs & maintenance: −$1,330
• − Management: −$1,330
• − Depreciation: −$5,236
• Taxable loss: −$5,312
• Est. tax savings @ 24.0%: +$1,275
• After-tax cash flow: $-876/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 — Dunnell

• Score: 56/100
• State rank: #849
• US rank: #22999

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dunnell, MN
• Population (ZIP): 478

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 (91%)
• Race & ethnicity: White 91% Black 9%
• Common ancestry: Portuguese 6% Iranian 1% Scottish 1%
• Foreign-born: 9% · Canada
• Languages at home: 86% English-only · German/W. Germanic 14%

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: ▲ 8.97%
• Current HPI: 192.8128
• 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

+680.0% since first listed

2 events — show timeline

• 2025-12-11 Listed $195,000 Iowa Great Lakes BOR
• 1997-10-13 Sold (Public Records) $25,000 Public Records

Property tax history

+4.0%/yr

Latest (2025): $3,058 · +28.6% YoY. Source: county tax records.