7367 Braden Trl · Inver Grove Heights, MN 55076

$299,900

3 bd · 3.0 ba · 1,644 sqft · Townhouse public records · 42 Days on market

Built 1998 1,698 sqft lot $182/sqft · 9% below area Est $329k · 9% under $304/mo HOA · 11% 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 +11.4/15.0
• Cash flow +10.7/30.0
• 1% rule +3.9/10.0
• Livability +3.8/5.0
• Schools +3.3/10.0
• DSCR +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 3 bedroom Townhome! Beautiful Hardwood flooring on main level, center island, pantry with pull-out shelving. Large (oversized) deck. 2 bedrooms up, 1 lower level. Master suite with walk-in closet and master bath. These don't go far sale very often - Don't Miss! Buyers/Agents to verify measurements.

Key facts

• $304 HOA
• 2 garage spots
• Built 1998

Property features AI

Finance

• HOA & community: HOA managed by Network Management; Monthly association fee of $304 covering hazard insurance, lawn care, grounds maintenance, professional management, and snow removal

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Natural gas; No water source specified; No sewer specified
• Home design: Residential attached property; Two levels; Brick/mortar foundation
• Construction: Brick/mortar foundation
• Exterior features: Stone and vinyl exterior; Lot about 0.039 acres

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator; Disposal
• Bedrooms: 3 bedrooms (one on upper level, one on lower level, primary on upper/main as listed)
• Bathrooms: One full bathroom; Two three-quarter bathrooms (one on main floor, one in basement)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Finished basement; Deck
• Laundry & utility: Washer hookup; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $300k.

Deal economics

• At list price, monthly cash flow is $-143 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $275k (8.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $267k (11.0% below list).
• Recommended offer: $267k (11.0% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 3.2% in Inver Grove Heights — 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 76/100 on livability (#146 in MN, #3,277 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, employment A+, housing A+; Watch: amenities F, health & safety F.
• Inver Grove Heights Schools (suburban): math 32% / reading 41% proficiency, ranked #234 of 301 in MN (top 78%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hilltop Elementary (math 22% / reading 32%, grade F, #703 of 857 statewide, top 84%, 574 students, 62% FRL); Inver Grove Heights Middle (math 25% / reading 36%, grade F, #192 of 258 statewide, top 77%, 761 students, 59% FRL); Simley Senior High (math 27% / reading 52%, grade F, #246 of 471 statewide, top 59%, 1,062 students, 49% FRL) — zoned schools average 57% FRL vs 31% district-wide (26 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 105 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); 2,134 units permitted in Dakota County in 2024 (898 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 $9k of value loss. Plan a longer hold.
• Dakota County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 42 days — a 3% lower offer ($291k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 9y 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.
• Current owner paid $233k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $266,846 (11.0% 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 42 days. Have you received any prior offers? Is the seller open to a 11% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.89% ✗
• Cap rate: 5.72%
• Cash-on-cash: -2.04%
• DSCR: 0.91
• GRM: 9.4

CMA / ARV

• ARV (median comp): $328,524
• List price: $299,900
• Delta: -8.71%
• Verdict: FAIR
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6902 Inverness Trl #21	0.63mi	2/2.0 (-1)	1,600 (-3%)	19mo	$330,000	$206	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -19.6%
• Equity multiple: 0.31×
• Total profit: $-57,549
• Equity at exit: $44,716

10-year hold

• IRR: -12.3%
• Equity multiple: 0.27×
• Total profit: $-61,224
• Equity at exit: $25,930

Cash invested: $83,972 (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 55076

• Active inventory: 105
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,668 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$249 /mo · $2,992/yr
• Insurance: −$125
• HOA: −$304
• Vacancy / Maint / Mgmt: −$560
• Net cashflow: $-143

Break-even live

Break-even rent $2,849

Max offer price $274,653

Occupancy floor —

Sensitivity live

Price	-10% $27	-5% $-58	+0% $-143	+5% $-228	+10% $-313
Rent	-10% $-354	-5% $-248	+0% $-143	+5% $-38	+10% $68
Rate	-1.0pp $8	-0.5pp $-67	base $-143	+0.5pp $-221	+1.0pp $-300

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3284 71st St E Inver Grove Heights, MN	3.0	1.5	1630	$2,539	$1.56	0d	1	0.79mi
7398 Arch WAY INVER GROVE, MN	1.0–3.0	1.0–2.5	1143	$3,145	$2.75	0d	96	0.88mi
7535 Cloman Way E Unit A Inver Grove Heights, MN	3.0	1.0	1500	$1,950	$1.30	5d	1	1.05mi
1462 80th St E Inver Grove Heights, MN	2.0	1.0–2.5	1084	$2,749	$2.53	0d	13	1.20mi
6953 Allen Way Inver Grove Heights, MN	2.0–4.0	2.0–2.5	1439	$3,275	$2.28	0d	4	1.45mi

HOA detail

• Monthly dues: $304 · $3,648/yr

Listing history 27 events

1. 2026-06-21
   days on market $299,900 Active 42 DOM
2. 2026-06-18
   days on market $299,900 Active 39 DOM
3. 2026-06-17
   days on market $299,900 Active 38 DOM
4. 2026-06-16
   days on market $299,900 Active 37 DOM
5. 2026-06-15
   days on market $299,900 Active 36 DOM
6. 2026-06-13
   pricedays on market $299,900 Active 34 DOM
7. 2026-06-09
   days on market $315,000 Active 30 DOM
8. 2026-06-08
   days on market $315,000 Active 29 DOM
9. 2026-06-07
   days on market $315,000 Active 28 DOM
10. 2026-06-04
    days on market $315,000 Active 25 DOM
11. 2026-06-03
    days on market $315,000 Active 24 DOM
12. 2026-06-02
    days on market $315,000 Active 23 DOM
13. 2026-06-01
    days on market $315,000 Active 22 DOM
14. 2026-05-31
    days on market $315,000 Active 21 DOM
15. 2026-05-10
    listed $315,000 Active 315-char remark
16. 2026-05-06
    historical $315,000 315-char remark
17. 2019-04-26
    soldstatus $233,000 Sold 313-char remark

    Show marketing remark (313 chars)

    Spacious 3 bedroom Townhome! Beautiful Hardwood flooring on main level, center island, pantry with pull-out shelving. Large (oversized) deck. 2 bedrooms up, 1 lower level. Master suite with walk-in closet and master bath. These don't go far sale very often - Don't Miss! Buyers/Agents to verify measurements.

18. 2019-04-09
    status Pending 313-char remark

    Show marketing remark (313 chars)

    Spacious 3 bedroom Townhome! Beautiful Hardwood flooring on main level, center island, pantry with pull-out shelving. Large (oversized) deck. 2 bedrooms up, 1 lower level. Master suite with walk-in closet and master bath. These don't go far sale very often - Don't Miss! Buyers/Agents to verify measurements.

19. 2019-04-06
    historical Contingent - Inspection 313-char remark

    Show marketing remark (313 chars)

    Spacious 3 bedroom Townhome! Beautiful Hardwood flooring on main level, center island, pantry with pull-out shelving. Large (oversized) deck. 2 bedrooms up, 1 lower level. Master suite with walk-in closet and master bath. These don't go far sale very often - Don't Miss! Buyers/Agents to verify measurements.

20. 2019-04-04
    listed $230,000 Active 313-char remark

    Show marketing remark (313 chars)

    Spacious 3 bedroom Townhome! Beautiful Hardwood flooring on main level, center island, pantry with pull-out shelving. Large (oversized) deck. 2 bedrooms up, 1 lower level. Master suite with walk-in closet and master bath. These don't go far sale very often - Don't Miss! Buyers/Agents to verify measurements.

21. 2017-05-22
    soldstatus $214,000
22. 2017-05-19
    soldstatus $214,000 Sold

    Show marketing remark (486 chars)

    Pride in ownership. Stunning and immaculate 3 bedroom and 3 bath townhome with a 2 car garage in Traverse Pointe. This townhome with several upgrades also has transom windows allowing lots of extra light in, open floor plan and design, beautiful Brazilian Cherry Hardwood floors. Owner's suite with private 3/4 bath and walk-in closet. 12 foot ceilings in living room, dining room and kitchen! Fresh paint. Private deck. This is a must see, you will not find another townhome like this!

23. 2017-03-28
    status Pending

    Show marketing remark (486 chars)

    Pride in ownership. Stunning and immaculate 3 bedroom and 3 bath townhome with a 2 car garage in Traverse Pointe. This townhome with several upgrades also has transom windows allowing lots of extra light in, open floor plan and design, beautiful Brazilian Cherry Hardwood floors. Owner's suite with private 3/4 bath and walk-in closet. 12 foot ceilings in living room, dining room and kitchen! Fresh paint. Private deck. This is a must see, you will not find another townhome like this!

24. 2017-03-15
    historical Contingent - Inspection

    Show marketing remark (486 chars)

    Pride in ownership. Stunning and immaculate 3 bedroom and 3 bath townhome with a 2 car garage in Traverse Pointe. This townhome with several upgrades also has transom windows allowing lots of extra light in, open floor plan and design, beautiful Brazilian Cherry Hardwood floors. Owner's suite with private 3/4 bath and walk-in closet. 12 foot ceilings in living room, dining room and kitchen! Fresh paint. Private deck. This is a must see, you will not find another townhome like this!

25. 2017-02-28
    listed $209,000 Active

    Show marketing remark (486 chars)

    Pride in ownership. Stunning and immaculate 3 bedroom and 3 bath townhome with a 2 car garage in Traverse Pointe. This townhome with several upgrades also has transom windows allowing lots of extra light in, open floor plan and design, beautiful Brazilian Cherry Hardwood floors. Owner's suite with private 3/4 bath and walk-in closet. 12 foot ceilings in living room, dining room and kitchen! Fresh paint. Private deck. This is a must see, you will not find another townhome like this!

26. 2004-10-19
    soldstatus $189,900
27. 1998-11-30
    soldstatus $123,975

ⓘ 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: $2,992 · $249/mo
• Projected year-2 tax: $3,175 · $265/mo
• Expected delta: +$183/yr (+$15/mo · 6.1%)

ⓘ 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 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,022
• − Mortgage interest: −$16,799
• − Property taxes: −$2,992
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,562
• − Management: −$2,562
• − HOA: −$3,648
• − Depreciation: −$8,724
• Taxable loss: −$6,765
• Est. tax savings @ 24.0%: +$1,624
• After-tax cash flow: $-91/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: Inver Grove Heights Schools
• NCES district ID: 2715030
• Math proficiency: 32% ▼ -16.00%
• Reading proficiency: 41% ▼ -11.00%
• Median HH income: $63,476
• Composite: 32.85/100
• National rank: #5614
• State rank: #234 of 301 in MN

Livability — Inver Grove Heights

• Score: 76/100
• State rank: #146
• US rank: #3277

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Inver Grove Heights, MN
• City population: 14,503
• Population (ZIP): 21,258

Population outlook (Dakota County) Hauer SSP2

• Today (2025): 450,671 people
• By 2030: 465,068 · +3.2%
• By 2040: 486,770 · +8.0%
• By 2050: 498,743 · +10.7%
• By 2075: 533,865 · +18.5%
• By 2100: 550,133 · +22.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Hispanic / Latino 14% Two or more races 6% Black 5% Asian 3%
• Hispanic origin (detail): Mexican 10% Puerto Rican 1%
• Common ancestry: Portuguese 8% Romanian 5% Scottish 4%
• Foreign-born: 9% · Canada, Jamaica, Vietnam
• Languages at home: 89% English-only · Spanish 7% German/W. Germanic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Dakota

• 2024 margin: D (+12.9) · D 55.4% · R 42.5% · Other 2.1%
• 2008→2024 swing: +7.4pp toward D · 2008: 5.5pp · 2024: 12.9pp
• All cycles: 2024: D+12.9 2020: D+13.9 2016: D+4.7 2012: D+2.9 2008: D+5.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -256.08%
• Current HPI: 209.7955
• 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

+141.9% since first listed

14 events — show timeline

• 2026-06-10 Price Changed $299,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-10 Listed $315,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-06 Coming Soon $315,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-04-26 Sold (MLS) $233,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-04-09 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2019-04-06 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2019-04-04 Listed $230,000 NORTHSTARMLS as Distributed by MLS Grid
• 2017-05-22 Sold (Public Records) $214,000 Public Records
• 2017-05-19 Sold (MLS) $214,000 NORTHSTARMLS as Distributed by MLS Grid
• 2017-03-28 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2017-03-15 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2017-02-28 Listed $209,000 NORTHSTARMLS as Distributed by MLS Grid
• 2004-10-19 Sold (Public Records) $189,900 Public Records
• 1998-11-30 Sold (Public Records) $123,975 Public Records

Property tax history

+4.2%/yr

Latest (2025): $2,992 · +5.1% YoY. Source: county tax records.