950 Cessna Dr · New Brighton, MN 55112

$98,700

3 bd · 2.0 ba · 1,216 sqft · SingleFamily · 118 Days on market

Built 2011 Good condition 3,484 sqft lot $81/sqft · 66% below area

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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 +5.4/10.0
• Livability +4.2/5.0
• Condition / age +3.8/5.0
• Rent growth +3.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move-in ready and beautifully updated, this 3-bedroom, 2-bath 2011 Clayton (16x80) home stands out as one of the nicest properties in the highly sought-after Lakeside North Mobile Home Park in New Brighton — located within the award-winning Mounds View School District. Lot rent is $790 per month and includes trash service and street maintenance, including snow removal. The owner pays for additional utilities. Over the past 3–5 years, this home has been thoughtfully upgraded with high-end finishes and major mechanical improvements that provide both style and peace of mind. The fully remodeled kitchen features solid wood cabinetry professionally finished with premium enamel paint and upgraded stainless steel appliances — all new. Brand-new LifeProof luxury vinyl plank flooring runs throughout, complemented by new solid wood trim, also finished with high-quality enamel for a clean, modern look. Comfort and efficiency were clearly priorities in this home. Major updates include a new 95% high-efficiency furnace, new AC coil, and a 50-gallon water heater (an upgrade from the typical 30-gallon), ensuring strong performance and comfort. You’ll appreciate the excellent water pressure — even with both showers running at the same time. Built with durable 2x6 construction, thick wall insulation, energy-efficient windows, and additional attic insulation, this home offers impressive energy savings year-round. Outside, enjoy a well-maintained yard complete with fertile garden space and a 10x12 storage shed featuring durable shelving for organized storage. The setting within Lakeside North provides a welcoming neighborhood feel in one of New Brighton’s most desirable communities. If you’re looking for a turnkey home with modern updates, strong mechanical systems, energy efficiency, and a fantastic location in the Mounds View School District — this one truly stands above the rest.

Key facts

• Solid wood cabinetry
• New ac coil
• 3,484 sq ft lot

Tags

• FULLY REMODELED KITCHEN
• SOLID WOOD CABINETRY
• NEW HIGH-EFFICIENCY FURNACE
• NEW AC COIL
• 50-GALLON WATER HEATER
• EXCELLENT WATER PRESSURE

🏷️ Possibly a rental listed for sale. The $98,700 price doesn't fit this home's estimated sale value (~$287,731) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $99k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $620 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $90k (9.0% below list) — sets the bar for market timing.
• Cap rate 13.8% vs local median 2.7% in New Brighton — 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 85/100 on livability (#23 in MN, #619 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities F.
• Mounds View Public School District (suburban): math 58% / reading 64% proficiency, ranked #30 of 301 in MN (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.1%/yr); 168 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,202 units permitted in Ramsey County in 2024 (880 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $682 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Ramsey County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 4.1% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 118 days — a 9% lower offer ($90k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $89,817 (9.0% below list)

Questions for the listing agent

1. It's been on market 118 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-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?
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: 1.67% ✓
• Cap rate: 13.83%
• Cash-on-cash: 26.90%
• DSCR: 2.20
• GRM: 5.0

CMA / ARV

• ARV (median comp): $287,731
• List price: $98,700
• Delta: -65.70%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.07% rent growth · sell at horizon

5-year hold

• IRR: 22.0%
• Equity multiple: 1.91×
• Total profit: $25,283
• Equity at exit: $14,716

10-year hold

• IRR: 30.8%
• Equity multiple: 3.91×
• Total profit: $80,446
• Equity at exit: $8,534

Cash invested: $27,636 (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 55112

• Rents YoY: 4.1%
• Active inventory: 168
• Price-to-rent: 5.0×

Monthly cashflow live

• Estimated rent: $1,648 high
• Mortgage (P&I): −$518
• Tax est. 1.5%: −$123 /mo · $1,480/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$346
• Net cashflow: $620

Break-even live

Break-even rent $863

Max offer price $98,700

Occupancy floor 57%

Sensitivity live

Price	-10% $688	-5% $654	+0% $620	+5% $585	+10% $551
Rent	-10% $489	-5% $554	+0% $620	+5% $685	+10% $750
Rate	-1.0pp $669	-0.5pp $645	base $620	+0.5pp $594	+1.0pp $568

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: $24,675
• Closing costs: $2,961
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
371 Old Hwy 8 SW New Brighton, MN	2.0	1.0	830	$1,445	$1.74	3d	6	0.11mi
730 5th St SW New Brighton, MN	1.0–2.0	1.0	795	$1,430	$1.80	2d	5	0.21mi
1195 County Rd E New Brighton, MN	3.0	1.0–2.0	752	$1,660	$2.21	5d	17	0.45mi
900 County Road D W Saint Paul, MN	1.0–2.0	1.0–1.5	887	$1,530	$1.72	2d	6	0.46mi
1000 County Road D W Saint Paul, MN	2.0	1.5	1056	$1,475	$1.40	44d	1	0.52mi
880 2nd St NW Saint Paul, MN	3.0	2.0	1140	$2,400	$2.11	44d	1	0.61mi
3050 Old Highway 8 Saint Paul, MN	1.0–2.0	1.0	642	$1,380	$2.15	24d	7	0.80mi
2310 Silver Ln New Brighton, MN	3.0	1.0	707	$3,370	$4.76	2d	17	0.80mi
3817 Macalaster Dr NE Minneapolis, MN	1.0–2.0	1.0	749	$1,389	$1.85	5d	5	0.84mi
2130 County Rd E Apt 106 New Brighton, MN	2.0	1.0	950	$1,399	$1.47	22d	1	0.87mi
2130 County Rd E Apt 101 New Brighton, MN	2.0	1.0	950	$1,429	$1.50	21d	1	0.87mi
2130 County Rd E Apt 105 New Brighton, MN	2.0	1.0	950	$1,399	$1.47	18d	1	0.87mi
2130 County Rd E New Brighton, MN	2.0	1.0	950	$1,425	$1.50	18d	1	0.87mi
3200 Diamond Eight Ter Minneapolis, MN	1.0–2.0	1.0	787	$1,425	$1.81	3d	23	0.89mi
2808 Silver Ln NE Saint Anthony, MN	1.0–2.0	1.0	850	$1,770	$2.08	44d	20	1.02mi
2808 Silver Ln NE Saint Anthony, MN	1.0–2.0	1.0	850	$2,050	$2.41	2d	13	1.02mi
2303 3rd St NW Saint Paul, MN	1.0–2.0	1.0	792	$1,450	$1.83	5d	8	1.04mi
700 7th St NW Saint Paul, MN	1.0–3.0	1.0–2.0	1075	$1,986	$1.85	2d	8	1.19mi
2551 38th Ave NE Minneapolis, MN	2.0	1.0–2.0	894	$2,639	$2.95	2d	22	1.24mi
1417 10th St NW Saint Paul, MN	1.0–2.0	1.0–1.5	877	$1,435	$1.64	15d	18	1.37mi
3725 NE Stinson Blvd St Anthony, MN	1.0–2.0	1.0	701	$1,925	$2.75	22d	3	1.38mi
751 1st Ave NW New Brighton, MN	2.0	1.0	726	$1,270	$1.75	3d	3	1.40mi
798 10th St NW Saint Paul, MN	1.0–2.0	1.0	642	$1,230	$1.91	5d	7	1.46mi
2215 45th Ave NE Minneapolis, MN	3.0	2.0	1200	$2,300	$1.92	24d	1	1.48mi

Listing history 20 events

1. 2026-06-18
   days on market $98,700 Active 118 DOM
2. 2026-06-17
   days on market $98,700 Active 117 DOM
3. 2026-06-16
   days on market $98,700 Active 116 DOM
4. 2026-06-15
   days on market $98,700 Active 115 DOM
5. 2026-06-13
   days on market $98,700 Active 113 DOM
6. 2026-06-13
   days on market $98,700 Active 112 DOM
7. 2026-06-10
   price $98,700 Active 109 DOM
8. 2026-06-09
   days on market $99,000 Active 109 DOM
9. 2026-06-08
   days on market $99,000 Active 108 DOM
10. 2026-06-07
    days on market $99,000 Active 107 DOM
11. 2026-06-04
    days on market $99,000 Active 104 DOM
12. 2026-06-03
    days on market $99,000 Active 103 DOM
13. 2026-06-02
    days on market $99,000 Active 102 DOM
14. 2026-06-01
    days on market $99,000 Active 101 DOM
15. 2026-05-31
    days on market $99,000 Active 100 DOM
16. 2026-04-23
    price $99,000 1944-char remark

    Show marketing remark (1944 chars)

    Move-in ready and beautifully updated, this 3-bedroom, 2-bath 2011 Clayton (16x80) home stands out as one of the nicest properties in the highly sought-after Lakeside North Mobile Home Park in New Brighton — located within the award-winning Mounds View School District. Lot rent is $790 per month and includes trash service and street maintenance, including snow removal. The owner pays for additional utilities. Over the past 3–5 years, this home has been thoughtfully upgraded with high-end finishes and major mechanical improvements that provide both style and peace of mind. The fully remodeled kitchen features solid wood cabinetry professionally finished with premium enamel paint and upgraded stainless steel appliances — all new. Brand-new LifeProof luxury vinyl plank flooring runs throughout, complemented by new solid wood trim, also finished with high-quality enamel for a clean, modern look. Comfort and efficiency were clearly priorities in this home. Major updates include a new 95% high-efficiency furnace, new AC coil, and a 50-gallon water heater (an upgrade from the typical 30-gallon), ensuring strong performance and comfort. You’ll appreciate the excellent water pressure — even with both showers running at the same time. Built with durable 2x6 construction, thick wall insulation, energy-efficient windows, and additional attic insulation, this home offers impressive energy savings year-round. Outside, enjoy a well-maintained yard complete with fertile garden space and a 10x12 storage shed featuring durable shelving for organized storage. The setting within Lakeside North provides a welcoming neighborhood feel in one of New Brighton’s most desirable communities. If you’re looking for a turnkey home with modern updates, strong mechanical systems, energy efficiency, and a fantastic location in the Mounds View School District — this one truly stands above the rest.

17. 2026-02-20
    listed $100,000 Active 1944-char remark

    Show marketing remark (1944 chars)

    Move-in ready and beautifully updated, this 3-bedroom, 2-bath 2011 Clayton (16x80) home stands out as one of the nicest properties in the highly sought-after Lakeside North Mobile Home Park in New Brighton — located within the award-winning Mounds View School District. Lot rent is $790 per month and includes trash service and street maintenance, including snow removal. The owner pays for additional utilities. Over the past 3–5 years, this home has been thoughtfully upgraded with high-end finishes and major mechanical improvements that provide both style and peace of mind. The fully remodeled kitchen features solid wood cabinetry professionally finished with premium enamel paint and upgraded stainless steel appliances — all new. Brand-new LifeProof luxury vinyl plank flooring runs throughout, complemented by new solid wood trim, also finished with high-quality enamel for a clean, modern look. Comfort and efficiency were clearly priorities in this home. Major updates include a new 95% high-efficiency furnace, new AC coil, and a 50-gallon water heater (an upgrade from the typical 30-gallon), ensuring strong performance and comfort. You’ll appreciate the excellent water pressure — even with both showers running at the same time. Built with durable 2x6 construction, thick wall insulation, energy-efficient windows, and additional attic insulation, this home offers impressive energy savings year-round. Outside, enjoy a well-maintained yard complete with fertile garden space and a 10x12 storage shed featuring durable shelving for organized storage. The setting within Lakeside North provides a welcoming neighborhood feel in one of New Brighton’s most desirable communities. If you’re looking for a turnkey home with modern updates, strong mechanical systems, energy efficiency, and a fantastic location in the Mounds View School District — this one truly stands above the rest.

18. 2025-12-08
    historical
19. 2025-10-02
    price $93,790
20. 2025-08-18
    listed $94,990 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥100°F today · 14 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: $19,772
• − Mortgage interest: −$5,529
• − Property taxes: −$1,480
• − Insurance: −$494
• − Repairs & maintenance: −$1,582
• − Management: −$1,582
• − Depreciation: −$2,871
• Taxable income: $6,234
• Est. tax owed @ 24.0%: −$1,496
• After-tax cash flow: $5,938/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.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

This move-in ready home is well-maintained and updated, with a good condition score and minimal repairs needed. It offers a great opportunity for a potential buyer or renter looking for a well-cared-for property in a desirable location.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace carpet with hardwood flooring — Improves aesthetics and increases value
• Both Install smart home devices — Enhances convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace carpet with hardwood flooring — Improves aesthetics and increases value ↑
• Both Install smart home devices — Enhances convenience and marketability ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Mounds View Public School District
• NCES district ID: 2722950
• Math proficiency: 58% ▼ -9.00%
• Reading proficiency: 64% ▼ -3.00%
• Median HH income: $72,492
• Composite: 54.04/100
• National rank: #1390
• State rank: #30 of 301 in MN

Livability — New Brighton

• Score: 85/100
• State rank: #23
• US rank: #619

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New Brighton, MN
• County: Ramsey County · 542,837 people
• City population: 45,346
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 45,346
• Household income: $93,838
• Rent vs Own: 32.9% rent · 67.1% own
• Severe rent burden: 1134.0

Population outlook (Ramsey County) Hauer SSP2

• Today (2025): 603,431 people
• By 2030: 636,459 · +5.5%
• By 2040: 700,596 · +16.1%
• By 2050: 765,819 · +26.9%
• By 2075: 929,297 · +54.0%
• By 2100: 1,053,924 · +74.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Black 9% Hispanic / Latino 9% Two or more races 8% Asian 7%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Portuguese 12% Romanian 5% Scottish 3%
• Foreign-born: 12% · Canada, China, Vietnam
• Languages at home: 84% English-only · Spanish 6% Other Asian/Pacific 3% Other Indo-European 1%

Political lean MEDSL · Ramsey

• 2024 margin: Solid D (+43.3) · D 70.5% · R 27.2% · Other 2.3%
• 2008→2024 swing: +9.4pp toward D · 2008: 33.9pp · 2024: 43.3pp
• All cycles: 2024: D+43.3 2020: D+45.4 2016: D+39.4 2012: D+35.3 2008: D+33.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -312.77%
• Current HPI: 254.5083
• Rent YoY: ▲ 4.07%
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• 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

+4.2% since first listed

5 events — show timeline

• 2026-04-23 Price Changed $99,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-20 Listed $100,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-12-08 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-02 Price Changed $93,790 NORTHSTARMLS as Distributed by MLS Grid
• 2025-08-18 Listed $94,990 NORTHSTARMLS as Distributed by MLS Grid