521 E 5th St · Redwood Falls, MN 56283

$209,900

3 bd · 3.0 ba · 1,002 sqft · SingleFamily public records · 7 Days on market

Built 1936 7,230 sqft lot

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Why this score? — see what drove the F 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 +9.6/30.0
• ARV discount +7.5/15.0
• Livability +3.8/5.0
• Schools +3.6/10.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss out on this completely remodeled corner lot home!!! 3 bedroom 3 bathrooms!! Master bedroom is very spacious on the main floor with master bath and walk in closet!!!! It has been taken down to the bare studs with new electrical, ** spray foamed walls , new pluming, new furnace and central air, all new drywall, new cabinets and countertops, new flooring (vinyl planking everywhere except bedrooms have new carpet). The exterior has new vinyl siding and new windows and shingles!! Wow!! THIS IS BASICALLY A NEW HOUSE WITHOUT THE NEW HOUSE PRICE!!!! Call to schedule a showing!

Key facts

• 7,230 sq ft lot
• Garage
• Built 1936

Property features AI

Finance

• Other: Above-grade finished area and living area provided but square footage details excluded per instructions
• Financial info: No investor, income, or expense details provided
• HOA & community: No HOA information provided

Exterior

• Parking: Detached or attached not specified, 1-car garage (14 x 20)
• Security: No security features provided
• Utilities: City water connected; City sewer connected; Natural gas
• Home design: Residential property; One and one-half stories; Entry level and layout details not provided
• Construction: Block foundation; Foundation area: 1,034; Year built not provided
• Exterior features: Patio; Vinyl exterior; Corner lot

Interior

• Kitchen: No appliance details provided
• Bedrooms: 3 bedrooms
• Flooring: No flooring information provided
• Bathrooms: 1 full bath; 1 three-quarter bath (main floor); 1 half bath (upper level)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Crawl space basement (unfinished)
• Laundry & utility: Main level laundry

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $210k.

Deal economics

• At list price, monthly cash flow is $-140 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $185k (11.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $153k (27.2% below list).
• Recommended offer: $153k (27.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#169 in MN, #3,642 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Redwood Area School District (town): math 39% / reading 46% proficiency, ranked #207 of 301 in MN (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 46 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 25 units permitted in Redwood 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 $6k of value loss. Plan a longer hold.
• Redwood County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y ago; this cycle's ask is 31% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $155k; 36% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1936 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $152,777 (27.2% 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. Built in 1936 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.73% ✗
• Cap rate: 5.49%
• Cash-on-cash: -2.86%
• DSCR: 0.87
• GRM: 11.4

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: -21.1%
• Equity multiple: 0.27×
• Total profit: $-42,986
• Equity at exit: $31,297

10-year hold

• IRR: -14.6%
• Equity multiple: 0.16×
• Total profit: $-49,099
• Equity at exit: $18,148

Cash invested: $58,772 (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 56283

• Home prices YoY: -15.6%
• Active inventory: 46
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $1,528 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$159 /mo · $1,908/yr
• Insurance: −$87
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $-140

Break-even live

Break-even rent $1,705

Max offer price $185,123

Occupancy floor —

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: $52,475
• Closing costs: $6,297
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
100 Fallwood Rd Unit 111 Redwood Falls, MN	2.0	1.0	847	$1,300	$1.53	44d	1	0.26mi
100 Fallwood Rd Unit 109 Redwood Falls, MN	2.0	1.0	958	$890	$0.93	44d	1	0.27mi
100 Fallwood Rd Unit 123 Redwood Falls, MN	3.0	1.0	1306	$1,900	$1.45	44d	1	0.27mi
100 Fallwood Rd Unit 122 Redwood Falls, MN	3.0	1.0	919	$1,550	$1.69	44d	1	0.27mi
100 Fallwood Rd Unit 110 Redwood Falls, MN	2.0	1.0	846	$1,100	$1.30	44d	1	0.29mi
100 Fallwood Rd Unit 119 Redwood Falls, MN	3.0	1.0	1373	$2,300	$1.68	44d	1	0.29mi
100 Fallwood Rd Unit 118 Redwood Falls, MN	3.0	1.0	1341	$1,990	$1.48	44d	1	0.29mi

Listing history 19 events

1. 2026-06-07
   statusdays on market $209,900 Pending 7 DOM
2. 2026-06-05
   days on market $209,900 Contingent - Inspection 5 DOM
3. 2026-06-04
   statusdays on market $209,900 Contingent - Inspection 3 DOM
4. 2026-06-02
   days on market $209,900 Active 2 DOM
5. 2026-06-01
   statusdays on market $209,900 Active 1 DOM
6. 2026-05-31
   days on market $209,900 Coming Soon 5 DOM
7. 2026-05-31
   days on market $209,900 Coming Soon 4 DOM
8. 2026-05-26
   historical $209,900
9. 2020-12-22
   soldstatus $154,900 Sold 587-char remark

   Show marketing remark (587 chars)

   Don't miss out on this completely remodeled corner lot home!!! 3 bedroom 3 bathrooms!! Master bedroom is very spacious on the main floor with master bath and walk in closet!!!! It has been taken down to the bare studs with new electrical, ** spray foamed walls , new pluming, new furnace and central air, all new drywall, new cabinets and countertops, new flooring (vinyl planking everywhere except bedrooms have new carpet). The exterior has new vinyl siding and new windows and shingles!! Wow!! THIS IS BASICALLY A NEW HOUSE WITHOUT THE NEW HOUSE PRICE!!!! Call to schedule a showing!

10. 2020-12-16
    soldstatus $154,900
11. 2020-11-17
    status Pending 587-char remark

    Show marketing remark (587 chars)

    Don't miss out on this completely remodeled corner lot home!!! 3 bedroom 3 bathrooms!! Master bedroom is very spacious on the main floor with master bath and walk in closet!!!! It has been taken down to the bare studs with new electrical, ** spray foamed walls , new pluming, new furnace and central air, all new drywall, new cabinets and countertops, new flooring (vinyl planking everywhere except bedrooms have new carpet). The exterior has new vinyl siding and new windows and shingles!! Wow!! THIS IS BASICALLY A NEW HOUSE WITHOUT THE NEW HOUSE PRICE!!!! Call to schedule a showing!

12. 2020-09-16
    price $154,900 587-char remark

    Show marketing remark (587 chars)

    Don't miss out on this completely remodeled corner lot home!!! 3 bedroom 3 bathrooms!! Master bedroom is very spacious on the main floor with master bath and walk in closet!!!! It has been taken down to the bare studs with new electrical, ** spray foamed walls , new pluming, new furnace and central air, all new drywall, new cabinets and countertops, new flooring (vinyl planking everywhere except bedrooms have new carpet). The exterior has new vinyl siding and new windows and shingles!! Wow!! THIS IS BASICALLY A NEW HOUSE WITHOUT THE NEW HOUSE PRICE!!!! Call to schedule a showing!

13. 2020-06-11
    listed $159,900 Active 587-char remark

    Show marketing remark (587 chars)

    Don't miss out on this completely remodeled corner lot home!!! 3 bedroom 3 bathrooms!! Master bedroom is very spacious on the main floor with master bath and walk in closet!!!! It has been taken down to the bare studs with new electrical, ** spray foamed walls , new pluming, new furnace and central air, all new drywall, new cabinets and countertops, new flooring (vinyl planking everywhere except bedrooms have new carpet). The exterior has new vinyl siding and new windows and shingles!! Wow!! THIS IS BASICALLY A NEW HOUSE WITHOUT THE NEW HOUSE PRICE!!!! Call to schedule a showing!

14. 2020-05-22
    historical $159,900 587-char remark

    Show marketing remark (587 chars)

    Don't miss out on this completely remodeled corner lot home!!! 3 bedroom 3 bathrooms!! Master bedroom is very spacious on the main floor with master bath and walk in closet!!!! It has been taken down to the bare studs with new electrical, ** spray foamed walls , new pluming, new furnace and central air, all new drywall, new cabinets and countertops, new flooring (vinyl planking everywhere except bedrooms have new carpet). The exterior has new vinyl siding and new windows and shingles!! Wow!! THIS IS BASICALLY A NEW HOUSE WITHOUT THE NEW HOUSE PRICE!!!! Call to schedule a showing!

15. 2019-02-02
    historical 69-char remark

    Show marketing remark (69 chars)

    Cash ''AS IS SALE'' 3 bedroom, 1 1/2 bath home on 60x120 corner lot.

16. 2016-04-15
    soldstatus $27,500 69-char remark

    Show marketing remark (69 chars)

    Cash ''AS IS SALE'' 3 bedroom, 1 1/2 bath home on 60x120 corner lot.

17. 2016-04-15
    soldstatus $29,000

    Show marketing remark (69 chars)

    Cash ''AS IS SALE'' 3 bedroom, 1 1/2 bath home on 60x120 corner lot.

18. 2016-04-15
    soldstatus $29,000

    Show marketing remark (69 chars)

    Cash ''AS IS SALE'' 3 bedroom, 1 1/2 bath home on 60x120 corner lot.

19. 2016-01-13
    listed $29,900 69-char remark

    Show marketing remark (69 chars)

    Cash ''AS IS SALE'' 3 bedroom, 1 1/2 bath home on 60x120 corner lot.

ⓘ 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: $1,908 · $159/mo
• Projected year-2 tax: $2,129 · $177/mo
• Expected delta: +$221/yr (+$18/mo · 11.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 15 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: $18,333
• − Mortgage interest: −$11,758
• − Property taxes: −$1,908
• − Insurance: −$1,050
• − Repairs & maintenance: −$1,467
• − Management: −$1,467
• − Depreciation: −$6,106
• Taxable loss: −$5,421
• Est. tax savings @ 24.0%: +$1,301
• After-tax cash flow: $-382/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: Redwood Area School District
• NCES district ID: 2700182
• Math proficiency: 39% ▼ -14.00%
• Reading proficiency: 46% ▼ -12.00%
• Median HH income: $45,326
• Composite: 36.1/100
• National rank: #4756
• State rank: #207 of 301 in MN

Livability — Redwood Falls

• Score: 76/100
• State rank: #169
• US rank: #3642

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Redwood Falls, MN
• Population (ZIP): 6,469

Population outlook (Redwood County) Hauer SSP2

• Today (2025): 14,504 people
• By 2030: 13,983 · -3.6%
• By 2040: 13,056 · -10.0%
• By 2050: 12,225 · -15.7%
• By 2075: 11,051 · -23.8%
• By 2100: 9,786 · -32.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Hispanic / Latino 4% Native American 3%
• Common ancestry: Portuguese 12% Romanian 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · Spanish 3% German/W. Germanic 1%

Political lean MEDSL · Redwood

• 2024 margin: Solid R (+43.3) · D 27.7% · R 71.0% · Other 1.2%
• 2008→2024 swing: -29.8pp toward R · 2008: -13.6pp · 2024: -43.3pp
• All cycles: 2024: R+43.3 2020: R+41.2 2016: R+43.0 2012: R+20.1 2008: R+13.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -39.40%
• Current HPI: 213.8535
• 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

+602.0% since first listed

12 events — show timeline

• 2026-05-26 Coming Soon $209,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-12-22 Sold (MLS) $154,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-12-16 Sold (Public Records) $154,900 Public Records
• 2020-11-17 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2020-09-16 Price Changed $154,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-06-11 Listed $159,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-05-22 Coming Soon $159,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2016-04-15 Sold (Public Records) $29,000 Public Records
• 2016-04-15 Sold (Public Records) $29,000 Public Records
• 2016-04-15 Sold (MLS) $27,500 NORTHSTARMLS as Distributed by MLS Grid
• 2016-01-13 Listed $29,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+12.2%/yr

Latest (2025): $1,908 · +11.1% YoY. Source: county tax records.