150 Harrison St W · Annandale, MN 55302

$159,900

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 104 Days on market

Built 1898 0.31 ac lot

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Why this score? — see what drove the C 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 +22.7/30.0
• ARV discount +7.5/15.0
• DSCR +7.3/10.0
• 1% rule +5.5/10.0
• Schools +5.2/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Rambler on a corner lot with three bedrooms on the main floor and a two-car detached garage. The home includes a fenced backyard and offers a simple, functional layout.

Key facts

• Functional layout
• Fenced backyard
• Corner lot

Tags

• CORNER LOT
• FENCED BACKYARD
• FUNCTIONAL LAYOUT

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $160k.

Deal economics

• At list price, monthly cash flow is $275 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $146k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 2.6% in Annandale — 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 74/100 on livability (#211 in MN, #4,399 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Annandale Public School District (town): math 57% / reading 64% proficiency, ranked #38 of 301 in MN (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 17% free/reduced lunch — higher-income household profile.
• Market conditions: 102 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,260 units permitted in Wright County in 2024 (180 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.
• Wright County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 104 days — a 9% lower offer ($146k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 29y ago; this cycle's ask has dropped $40k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1898 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 104 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1898 — 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: 1.05% ✓
• Cap rate: 8.36%
• Cash-on-cash: 7.38%
• DSCR: 1.33
• GRM: 8.0

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: -5.0%
• Equity multiple: 0.81×
• Total profit: $-8,376
• Equity at exit: $23,842

10-year hold

• IRR: 4.6%
• Equity multiple: 1.34×
• Total profit: $15,255
• Equity at exit: $13,825

Cash invested: $44,772 (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 55302

• Home prices YoY: -20.4%
• Active inventory: 102
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $1,674 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$142 /mo · $1,700/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$351
• Net cashflow: $275

Break-even live

Break-even rent $1,325

Max offer price $159,900

Occupancy floor 79%

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: $39,975
• Closing costs: $4,797
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
160 Ash St E Annandale, MN	1.0–2.0	1.0–2.0	854	$1,635	$1.91	1d	6	0.30mi
140 Park St E Annandale, MN	4.0	1.5	1152	$1,724	$1.50	14d	1	0.39mi

Listing history 33 events

1. 2026-05-19
   status Pending 168-char remark

   Show marketing remark (168 chars)

   Rambler on a corner lot with three bedrooms on the main floor and a two-car detached garage. The home includes a fenced backyard and offers a simple, functional layout.

2. 2026-05-07
   historical Contingent - Inspection 168-char remark

   Show marketing remark (168 chars)

   Rambler on a corner lot with three bedrooms on the main floor and a two-car detached garage. The home includes a fenced backyard and offers a simple, functional layout.

3. 2026-04-23
   price $159,900 168-char remark

   Show marketing remark (168 chars)

   Rambler on a corner lot with three bedrooms on the main floor and a two-car detached garage. The home includes a fenced backyard and offers a simple, functional layout.

4. 2026-03-25
   price $175,000 168-char remark

   Show marketing remark (168 chars)

   Rambler on a corner lot with three bedrooms on the main floor and a two-car detached garage. The home includes a fenced backyard and offers a simple, functional layout.

5. 2026-03-18
   price $184,900 168-char remark

   Show marketing remark (168 chars)

   Rambler on a corner lot with three bedrooms on the main floor and a two-car detached garage. The home includes a fenced backyard and offers a simple, functional layout.

6. 2026-03-16
   status Active 168-char remark

   Show marketing remark (168 chars)

   Rambler on a corner lot with three bedrooms on the main floor and a two-car detached garage. The home includes a fenced backyard and offers a simple, functional layout.

7. 2026-02-24
   status Pending 168-char remark

   Show marketing remark (168 chars)

   Rambler on a corner lot with three bedrooms on the main floor and a two-car detached garage. The home includes a fenced backyard and offers a simple, functional layout.

8. 2026-02-13
   historical Contingent - Inspection 168-char remark

   Show marketing remark (168 chars)

   Rambler on a corner lot with three bedrooms on the main floor and a two-car detached garage. The home includes a fenced backyard and offers a simple, functional layout.

9. 2026-01-14
   listed $200,000 Active 168-char remark

   Show marketing remark (168 chars)

   Rambler on a corner lot with three bedrooms on the main floor and a two-car detached garage. The home includes a fenced backyard and offers a simple, functional layout.

10. 2025-03-03
    status Active
11. 2025-03-01
    historical Contingent - Inspection
12. 2025-02-19
    listed $214,900 Active
13. 2025-02-19
    historical
14. 2024-12-17
    price $219,900
15. 2024-10-04
    listed $225,000 Active
16. 2022-10-31
    soldstatus $210,000
17. 2022-10-28
    soldstatus $210,000 Sold
18. 2022-09-19
    status Pending
19. 2022-09-15
    historical Contingent - Inspection
20. 2022-08-26
    listed $199,950 Active
21. 2022-08-23
    historical $199,950
22. 2017-08-31
    historical
23. 2017-08-16
    price $109,900
24. 2017-06-22
    listed $119,000 Active
25. 2003-05-28
    soldstatus $35,189
26. 2002-05-14
    historical
27. 2001-11-14
    listed $119,900
28. 1998-11-13
    historical
29. 1998-05-13
    listed $77,500
30. 1997-06-12
    soldstatus $41,000
31. 1997-06-10
    historical
32. 1997-03-10
    listed $46,900
33. 1995-01-03
    soldstatus $36,000

ⓘ 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: $1,700 · $142/mo
• Projected year-2 tax: $1,745 · $145/mo
• Expected delta: +$45/yr (+$4/mo · 2.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°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: $20,085
• − Mortgage interest: −$8,957
• − Property taxes: −$1,700
• − Insurance: −$800
• − Repairs & maintenance: −$1,607
• − Management: −$1,607
• − Depreciation: −$4,652
• Taxable income: $764
• Est. tax owed @ 24.0%: −$183
• After-tax cash flow: $3,122/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: Annandale Public School District
• NCES district ID: 2703150
• Math proficiency: 57% ▼ -8.00%
• Reading proficiency: 64% ▼ -3.00%
• Median HH income: $59,330
• Composite: 52.36/100
• National rank: #1586
• State rank: #38 of 301 in MN

Livability — Annandale

• Score: 74/100
• State rank: #211
• US rank: #4399

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: Annandale, MN
• Population (ZIP): 7,348

Population outlook (Wright County) Hauer SSP2

• Today (2025): 142,526 people
• By 2030: 146,915 · +3.1%
• By 2040: 153,625 · +7.8%
• By 2050: 155,416 · +9.0%
• By 2075: 150,352 · +5.5%
• By 2100: 130,631 · -8.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 5%
• Common ancestry: Portuguese 14% Lithuanian 5% Romanian 4%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 2%

Political lean MEDSL · Wright

• 2024 margin: Strong R (+29.4) · D 34.4% · R 63.8% · Other 1.8%
• 2008→2024 swing: -11.9pp toward R · 2008: -17.4pp · 2024: -29.4pp
• All cycles: 2024: R+29.4 2020: R+28.6 2016: R+33.2 2012: R+21.4 2008: R+17.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -74.45%
• Current HPI: 289.7359
• 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

+344.2% since first listed

33 events — show timeline

• 2026-05-19 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-07 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $159,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-25 Price Changed $175,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-18 Price Changed $184,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-16 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-24 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-13 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-14 Listed $200,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-03-03 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2025-03-01 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2025-02-19 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-02-19 Listed $214,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-12-17 Price Changed $219,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-10-04 Listed $225,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-10-31 Sold (Public Records) $210,000 Public Records
• 2022-10-28 Sold (MLS) $210,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-09-19 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-09-15 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2022-08-26 Listed $199,950 NORTHSTARMLS as Distributed by MLS Grid
• 2022-08-23 Coming Soon $199,950 NORTHSTARMLS as Distributed by MLS Grid
• 2017-08-31 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2017-08-16 Price Changed $109,900 NORTHSTARMLS as Distributed by MLS Grid
• 2017-06-22 Listed $119,000 NORTHSTARMLS as Distributed by MLS Grid
• 2003-05-28 Sold (Public Records) $35,189 Public Records
• 2002-05-14 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2001-11-14 Listed $119,900 NORTHSTARMLS as Distributed by MLS Grid
• 1998-11-13 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 1998-05-13 Listed $77,500 NORTHSTARMLS as Distributed by MLS Grid
• 1997-06-12 Sold (MLS) $41,000 NORTHSTARMLS as Distributed by MLS Grid
• 1997-06-10 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 1997-03-10 Listed $46,900 NORTHSTARMLS as Distributed by MLS Grid
• 1995-01-03 Sold (Public Records) $36,000 Public Records

Property tax history

+3.5%/yr

Latest (2025): $1,700 · +0.6% YoY. Source: county tax records.