1126 Linden Ln · Detroit Lakes, MN 56501

$179,000

2 bd · 2.0 ba · 640 sqft · SingleFamily public records · 391 Days on market

Built 1925 10,000 sqft lot

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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
• ARV discount +7.5/15.0
• Schools +4.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

Key facts

• New furnace
• Large laundry area
• Full basement

Tags

• DOUBLE CITY LOT
• NATURAL GAS
• NEW FURNACE
• FULL BATH ON EACH FLOOR
• LARGE LAUNDRY AREA
• FULL BASEMENT

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $179k.

Deal economics

• At list price, monthly cash flow is $863 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $179k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.1% vs local median 4.7% in Detroit Lakes — 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 80/100 on livability (#78 in MN, #1,847 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, cost of living A; Watch: amenities F, commute F.
• Detroit Lakes Public School District (town): math 44% / reading 50% proficiency, ranked #155 of 301 in MN (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 307 active listings in the ZIP; 156 units permitted in Becker County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Becker County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $50k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 391 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 3y ago; this cycle's ask has dropped $16k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1925 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $157,520 (12.0% below list)

Questions for the listing agent

1. It's been on market 391 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 1925 — 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. 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?
6. 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.
7. 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.
8. 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: 1.53% ✓
• Cap rate: 12.08%
• Cash-on-cash: 20.65%
• DSCR: 1.92
• GRM: 5.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 13.0%
• Equity multiple: 1.52×
• Total profit: $26,018
• Equity at exit: $26,689

10-year hold

• IRR: 21.9%
• Equity multiple: 2.87×
• Total profit: $93,731
• Equity at exit: $15,477

Cash invested: $50,120 (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 56501

• Active inventory: 307
• Price-to-rent: 5.4×

Monthly cashflow live

• Estimated rent: $2,739 medium
• Mortgage (P&I): −$939
• Tax from tax record: −$288 /mo · $3,452/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$575
• Net cashflow: $863

Break-even live

Break-even rent $1,647

Max offer price $179,000

Occupancy floor 64%

Sensitivity live

Price	-10% $964	-5% $913	+0% $863	+5% $812	+10% $761
Rent	-10% $646	-5% $754	+0% $863	+5% $971	+10% $1,079
Rate	-1.0pp $953	-0.5pp $908	base $863	+0.5pp $816	+1.0pp $769

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: $44,750
• Closing costs: $5,370
• Reserves months: —
• Total cash needed: —

Listing history 35 events

1. 2026-06-21
   days on market $179,000 Active 391 DOM
2. 2026-06-18
   days on market $179,000 Active 389 DOM
3. 2026-06-17
   days on market $179,000 Active 388 DOM
4. 2026-06-16
   days on market $179,000 Active 387 DOM
5. 2026-06-15
   days on market $179,000 Active 386 DOM
6. 2026-06-13
   days on market $179,000 Active 384 DOM
7. 2026-06-12
   days on market $179,000 Active 383 DOM
8. 2026-06-09
   days on market $179,000 Active 380 DOM
9. 2026-06-08
   days on market $179,000 Active 379 DOM
10. 2026-06-07
    days on market $179,000 Active 378 DOM
11. 2026-06-07
    days on market $179,000 Active 377 DOM
12. 2026-06-04
    days on market $179,000 Active 374 DOM
13. 2026-06-02
    days on market $179,000 Active 373 DOM
14. 2026-06-01
    days on market $179,000 Active 372 DOM
15. 2026-05-31
    days on market $179,000 Active 371 DOM
16. 2026-05-31
    days on market $179,000 Active 370 DOM
17. 2026-03-02
    status Active 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

18. 2026-01-02
    status Pending 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

19. 2026-01-02
    status Active 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

20. 2026-01-02
    historical 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

21. 2025-12-30
    historical 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

22. 2025-10-31
    historical Contingent - Third Party Approval 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

23. 2025-10-30
    status Active 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

24. 2025-10-25
    historical 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

25. 2025-09-30
    historical Contingent - Third Party Approval 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

26. 2025-05-07
    price $179,000 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

27. 2025-03-19
    listed $195,000 Active 305-char remark

    Show marketing remark (305 chars)

    Solid house on a double city lot. Natural gas recently ran to the house with a new furnace installed. Full bath on each floor with large laundry area on main floor. Full basement with storm access from out side. Newer Roof and Siding house is currently FHA financed. House is vacant come take a look.

28. 2024-08-06
    price $192,000
29. 2024-06-22
    price $195,000
30. 2023-08-01
    soldstatus $179,900
31. 2023-07-31
    soldstatus $179,900 Sold
32. 2023-06-19
    status Pending
33. 2023-06-04
    historical Contingent - Inspection
34. 2023-05-23
    listed $179,900 Active
35. 2005-10-28
    soldstatus $42,000

ⓘ 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: $3,452 · $288/mo
• Projected year-2 tax: $3,452 · $288/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 FEMA zone X · 73% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 1/10 Low 7 d/yr ≥96°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,865
• − Mortgage interest: −$10,027
• − Property taxes: −$3,452
• − Insurance: −$895
• − Repairs & maintenance: −$2,629
• − Management: −$2,629
• − Depreciation: −$5,207
• Taxable income: $8,025
• Est. tax owed @ 24.0%: −$1,926
• After-tax cash flow: $8,426/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: Detroit Lakes Public School District
• NCES district ID: 2710230
• Math proficiency: 44% ▼ -11.00%
• Reading proficiency: 50% ▼ -11.00%
• Median HH income: $50,571
• Composite: 40.33/100
• National rank: #3746
• State rank: #155 of 301 in MN

Livability — Detroit Lakes

• Score: 80/100
• State rank: #78
• US rank: #1847

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Detroit Lakes, MN
• City population: 18,239
• Population (ZIP): 18,239

Population outlook (Becker County) Hauer SSP2

• Today (2025): 34,604 people
• By 2030: 35,095 · +1.4%
• By 2040: 35,691 · +3.1%
• By 2050: 35,869 · +3.7%
• By 2075: 36,103 · +4.3%
• By 2100: 32,798 · -5.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Native American 2%
• Common ancestry: Portuguese 25% Scottish 4% Lithuanian 3%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Becker

• 2024 margin: Solid R (+33.1) · D 32.7% · R 65.8% · Other 1.5%
• 2008→2024 swing: -26.3pp toward R · 2008: -6.9pp · 2024: -33.1pp
• All cycles: 2024: R+33.1 2020: R+30.1 2016: R+33.2 2012: R+14.6 2008: R+6.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -222.40%
• Current HPI: 217.4973
• 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

+326.2% since first listed

19 events — show timeline

• 2026-03-02 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-02 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-02 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-12-30 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-31 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-30 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-25 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-30 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2025-05-07 Price Changed $179,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-03-19 Listed $195,000 NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-06 Price Changed $192,000 NORTHSTARMLS as Distributed by MLS Grid
• 2024-06-22 Price Changed $195,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-01 Sold (Public Records) $179,900 Public Records
• 2023-07-31 Sold (MLS) $179,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-06-19 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-06-04 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-23 Listed $179,900 NORTHSTARMLS as Distributed by MLS Grid
• 2005-10-28 Sold (Public Records) $42,000 Public Records

Property tax history

+13.9%/yr

Latest (2025): $3,452 · -0.1% YoY. Source: county tax records.