201 Euclid St · Alden, MN 56009

$59,900

2 bd · 1.0 ba · 624 sqft · SingleFamily public records · 112 Days on market

Built 1954 6,534 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
• DSCR +10.0/10.0
• Appreciation +10.0/10.0
• 1% rule +9.3/10.0
• ARV discount +7.5/15.0
• Schools +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

A cute and cozy 2-bedroom, 1-bath home with an attached 1-stall garage, walk out unfinished basement with a sump pump, a spacious yard and TONS of potential! The seller recently moved out, and with a little cleaning and personal touch, this home is ready for its next chapter. A little effort will go a long way in bringing out its full charm and potential. Outside, you’ll find a good-sized yard with a storage shed — perfect for tools, lawn equipment, or extra storage. The location is hard to beat: close to the lake and right next to the school, making it convenient and desirable. This is a fantastic opportunity for a first-time buyer, downsizer, or investor looking to add value.

Key facts

• Spacious yard
• Attached garage
• Close to lake

Tags

• ATTACHED GARAGE
• SPACIOUS YARD
• STORAGE SHED
• CLOSE TO LAKE
• NEXT TO SCHOOL

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $237 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($855 rent vs $60k).
• Recommended offer: $55k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 71/100 on livability (#313 in MN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: employment C-, health & safety C-, crime D+.
• Alden-Conger Public School District (rural): math 40% / reading 50% proficiency, ranked #174 of 301 in MN (top 58%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 11 active listings in the ZIP; 16 units permitted in Freeborn County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $6k of equity ($414 loan paydown + $6k appreciation (10.0% local appreciation)).
• Freeborn County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~2 years — after that, you're playing with house money.
• By year 6, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $20k (25%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $54,509 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 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 1954 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 1.43% ✓
• Cap rate: 11.05%
• Cash-on-cash: 16.98%
• DSCR: 1.76
• GRM: 5.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 36.9%
• Equity multiple: 3.85×
• Total profit: $47,769
• Equity at exit: $53,963

10-year hold

• IRR: 31.8%
• Equity multiple: 8.68×
• Total profit: $128,837
• Equity at exit: $116,373

Cash invested: $16,772 (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 56009

• Home prices YoY: 14.3%
• Active inventory: 11
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $855 medium
• Mortgage (P&I): −$314
• Tax from tax record: −$99 /mo · $1,188/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$180
• Net cashflow: $237

Break-even live

Break-even rent $555

Max offer price $59,900

Occupancy floor 67%

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-06-19
   days on market $59,900 Active 112 DOM
2. 2026-06-18
   days on market $59,900 Active 111 DOM
3. 2026-06-17
   days on market $59,900 Active 110 DOM
4. 2026-06-16
   days on market $59,900 Active 109 DOM
5. 2026-06-15
   days on market $59,900 Active 108 DOM
6. 2026-06-14
   days on market $59,900 Active 106 DOM
7. 2026-06-12
   days on market $59,900 Active 105 DOM
8. 2026-06-09
   days on market $59,900 Active 102 DOM
9. 2026-06-08
   days on market $59,900 Active 101 DOM
10. 2026-06-07
    days on market $59,900 Active 100 DOM
11. 2026-06-05
    days on market $59,900 Active 98 DOM
12. 2026-06-04
    days on market $59,900 Active 96 DOM
13. 2026-06-02
    days on market $59,900 Active 95 DOM
14. 2026-06-01
    days on market $59,900 Active 94 DOM
15. 2026-05-31
    days on market $59,900 Active 93 DOM
16. 2026-05-31
    days on market $59,900 Active 92 DOM
17. 2026-05-07
    status Active 701-char remark

    Show marketing remark (701 chars)

    A cute and cozy 2-bedroom, 1-bath home with an attached 1-stall garage, walk out unfinished basement with a sump pump, a spacious yard and TONS of potential! The seller recently moved out, and with a little cleaning and personal touch, this home is ready for its next chapter. A little effort will go a long way in bringing out its full charm and potential. Outside, you’ll find a good-sized yard with a storage shed — perfect for tools, lawn equipment, or extra storage. The location is hard to beat: close to the lake and right next to the school, making it convenient and desirable. This is a fantastic opportunity for a first-time buyer, downsizer, or investor looking to add value.

18. 2026-05-06
    historical 701-char remark

    Show marketing remark (701 chars)

    A cute and cozy 2-bedroom, 1-bath home with an attached 1-stall garage, walk out unfinished basement with a sump pump, a spacious yard and TONS of potential! The seller recently moved out, and with a little cleaning and personal touch, this home is ready for its next chapter. A little effort will go a long way in bringing out its full charm and potential. Outside, you’ll find a good-sized yard with a storage shed — perfect for tools, lawn equipment, or extra storage. The location is hard to beat: close to the lake and right next to the school, making it convenient and desirable. This is a fantastic opportunity for a first-time buyer, downsizer, or investor looking to add value.

19. 2026-04-17
    price $67,500 701-char remark

    Show marketing remark (701 chars)

    A cute and cozy 2-bedroom, 1-bath home with an attached 1-stall garage, walk out unfinished basement with a sump pump, a spacious yard and TONS of potential! The seller recently moved out, and with a little cleaning and personal touch, this home is ready for its next chapter. A little effort will go a long way in bringing out its full charm and potential. Outside, you’ll find a good-sized yard with a storage shed — perfect for tools, lawn equipment, or extra storage. The location is hard to beat: close to the lake and right next to the school, making it convenient and desirable. This is a fantastic opportunity for a first-time buyer, downsizer, or investor looking to add value.

20. 2026-02-25
    listed $79,900 Active 701-char remark

    Show marketing remark (701 chars)

    A cute and cozy 2-bedroom, 1-bath home with an attached 1-stall garage, walk out unfinished basement with a sump pump, a spacious yard and TONS of potential! The seller recently moved out, and with a little cleaning and personal touch, this home is ready for its next chapter. A little effort will go a long way in bringing out its full charm and potential. Outside, you’ll find a good-sized yard with a storage shed — perfect for tools, lawn equipment, or extra storage. The location is hard to beat: close to the lake and right next to the school, making it convenient and desirable. This is a fantastic opportunity for a first-time buyer, downsizer, or investor looking to add value.

21. 2022-04-29
    soldstatus $70,000 Sold 267-char remark

    Show marketing remark (267 chars)

    Low utility costs and maintenance lend great appeal to 2 bedroom ranch-style cutie that is all ready for a new owner. Nice garage. The basement walks out and can easily double the living space. Perfect for today's minimalist buyers -a great small-town place to be.

22. 2022-04-26
    soldstatus $70,000
23. 2022-04-15
    status Pending 267-char remark

    Show marketing remark (267 chars)

    Low utility costs and maintenance lend great appeal to 2 bedroom ranch-style cutie that is all ready for a new owner. Nice garage. The basement walks out and can easily double the living space. Perfect for today's minimalist buyers -a great small-town place to be.

24. 2022-04-14
    historical Contingent - Inspection 267-char remark

    Show marketing remark (267 chars)

    Low utility costs and maintenance lend great appeal to 2 bedroom ranch-style cutie that is all ready for a new owner. Nice garage. The basement walks out and can easily double the living space. Perfect for today's minimalist buyers -a great small-town place to be.

25. 2022-01-14
    listed $79,900 Active 267-char remark

    Show marketing remark (267 chars)

    Low utility costs and maintenance lend great appeal to 2 bedroom ranch-style cutie that is all ready for a new owner. Nice garage. The basement walks out and can easily double the living space. Perfect for today's minimalist buyers -a great small-town place to be.

26. 2001-07-02
    soldstatus $39,900

ⓘ 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: $1,188 · $99/mo
• Projected year-2 tax: $1,188 · $99/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 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 16 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: $10,260
• − Mortgage interest: −$3,355
• − Property taxes: −$1,188
• − Insurance: −$300
• − Repairs & maintenance: −$821
• − Management: −$821
• − Depreciation: −$1,743
• Taxable income: $2,033
• Est. tax owed @ 24.0%: −$488
• After-tax cash flow: $2,360/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: Alden-Conger Public School District
• NCES district ID: 2703030
• Math proficiency: 40% ▼ -15.00%
• Reading proficiency: 50% ▼ -7.00%
• Median HH income: $55,513
• Composite: 39.13/100
• National rank: #4036
• State rank: #174 of 301 in MN

Livability — Alden

• Score: 71/100
• State rank: #313
• US rank: #6998

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Alden, MN
• Population (ZIP): 1,539

Population outlook (Freeborn County) Hauer SSP2

• Today (2025): 29,680 people
• By 2030: 29,038 · -2.2%
• By 2040: 27,650 · -6.8%
• By 2050: 26,387 · -11.1%
• By 2075: 25,224 · -15.0%
• By 2100: 23,842 · -19.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Portuguese 26% Romanian 4% Lithuanian 2%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Freeborn

• 2024 margin: Strong R (+21.3) · D 38.7% · R 60.0% · Other 1.3%
• 2008→2024 swing: -38.5pp toward R · 2008: 17.1pp · 2024: -21.3pp
• All cycles: 2024: R+21.3 2020: R+16.0 2016: R+17.4 2012: D+14.2 2008: D+17.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 27.48%
• Current HPI: 219.11
• 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

+69.2% since first listed

10 events — show timeline

• 2026-05-07 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-06 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-17 Price Changed $67,500 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-25 Listed $79,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-29 Sold (MLS) $70,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-26 Sold (Public Records) $70,000 Public Records
• 2022-04-15 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-14 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2022-01-14 Listed $79,900 NORTHSTARMLS as Distributed by MLS Grid
• 2001-07-02 Sold (Public Records) $39,900 Public Records

Property tax history

+8.9%/yr

Latest (2025): $1,188 · +2.6% YoY. Source: county tax records.