95 126th Ave NW · Coon Rapids, MN 55448

$185,000

2 bd · 2.0 ba · 988 sqft · Condo public records · 7 Days on market

Built 1988 $329/mo HOA · 17% 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).

• Cash flow +12.4/30.0
• ARV discount +7.5/15.0
• 1% rule +5.3/10.0
• Schools +4.7/10.0
• Livability +4.3/5.0
• DSCR +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

CHARMING, WELL MAINTAINED HOME WITH MANY UPDATES, READY TO MOVE IN AND STOP PAYING RENT. ALL APPLIANCES INCLUDED, WOOD BURNING FIREPLACE IN LIVING ROOM. PRICED TO SELL, CALL FOR YOUR SHOWING TODAY!

Key facts

• Walk in closet
• White cabinetry
• Upstairs laundry

Tags

• WOOD BURNING FIREPLACE
• STAINLESS STEEL APPLIANCES
• WHITE CABINETRY
• UPSTAIRS LAUNDRY
• WALK IN CLOSET

Property features AI

Finance

• Other: Above-grade finished living area: 987 square feet; Main level finished area: 494 square feet; Common road frontage on paved, public-maintained city streets
• HOA & community: Community Association Group, Inc. HOA; Monthly HOA fee of $329; HOA covers hazard insurance, lawn care, grounds maintenance, professional management, and snow removal

Exterior

• Parking: Attached garage with garage door opener (1-car); Asphalt driveway
• Utilities: City water (connected); City sewer (connected); Electric with circuit breakers; Natural gas
• Home design: Attached residential property; Two levels; Entry on main level
• Construction: Block construction; Roof age 8 years or newer; Block foundation
• Exterior features: Stucco exterior; Patio; Light tree coverage; Zero lot line

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Stainless steel appliances
• Bedrooms: Two bedrooms (both on upper level)
• Bathrooms: One full bathroom (upper level); One half bathroom (main floor)
• Heating & cooling: Forced air heating; Central air conditioning; Fireplace provides supplemental heat
• Interior features: Ceiling fan(s); Kitchen window; Natural woodwork; Patio; In-ground sprinkler; Walk-in closet; Fireplace in living room (wood burning)
• Laundry & utility: Washer hookup (upper level); Washer and dryer included

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $185k.

Deal economics

• At list price, monthly cash flow is $-29 ($-346/yr) — negative.
• To cash-flow at today's rent, offer at most $180k (2.8% below list).
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $180k (2.8% below list) — sets the bar for cash-flow.
• Cap rate 6.1% vs local median 3.8% in Coon Rapids — 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 86/100 on livability (#12 in MN, #390 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: amenities D.
• Anoka-Hennepin Public School District (suburban): math 49% / reading 55% proficiency, ranked #71 of 301 in MN (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Sand Creek Elementary (math 60% / reading 55%, grade C+, #261 of 857 statewide, top 31%, 601 students, 52% FRL); Northdale Middle (math 40% / reading 55%, grade C-, #93 of 258 statewide, top 37%, 1,274 students, 46% FRL); Blaine High School (math 46% / reading 67%, grade C, #77 of 471 statewide, top 17%, 2,969 students, 37% FRL) — zoned schools average 45% FRL vs 24% district-wide (20 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 122 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,083 units permitted in Anoka County in 2024 (134 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.
• Anoka County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 19y 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 $90k; list at $185k implies a 106% gain — meaningful room to come down on a strong offer.

Recommended offer $179,909 (2.8% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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. 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?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.03% ✓
• Cap rate: 6.11%
• Cash-on-cash: -0.67%
• DSCR: 0.97
• GRM: 8.1

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: -17.3%
• Equity multiple: 0.39×
• Total profit: $-31,624
• Equity at exit: $27,584

10-year hold

• IRR: -9.0%
• Equity multiple: 0.44×
• Total profit: $-29,130
• Equity at exit: $15,995

Cash invested: $51,800 (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 55448

• Home prices YoY: -27.6%
• Active inventory: 122
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,913 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$164 /mo · $1,968/yr
• Insurance: −$77
• HOA: −$329
• Vacancy / Maint / Mgmt: −$402
• Net cashflow: $-29

Break-even live

Break-even rent $1,950

Max offer price $179,909

Occupancy floor 97%

Sensitivity live

Price	-10% $76	-5% $24	+0% $-29	+5% $-81	+10% $-134
Rent	-10% $-180	-5% $-104	+0% $-29	+5% $47	+10% $122
Rate	-1.0pp $64	-0.5pp $18	base $-29	+0.5pp $-77	+1.0pp $-126

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: $46,250
• Closing costs: $5,550
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
370 125th Ave NE Blaine, MN	1.0	1.0	929	$2,188	$2.36	0d	18	0.53mi
12373 Oak Park Blvd NE Blaine, MN	1.0–3.0	1.0–2.0	1023	$1,776	$1.74	0d	1	1.26mi

HOA detail condo

• Monthly dues: $329 · $3,948/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 9 events

1. 2026-05-22
   historical Contingent - Inspection
2. 2026-05-20
   listed $185,000 Active
3. 2008-09-05
   soldstatus $90,000 197-char remark

   Show marketing remark (197 chars)

   CHARMING, WELL MAINTAINED HOME WITH MANY UPDATES, READY TO MOVE IN AND STOP PAYING RENT. ALL APPLIANCES INCLUDED, WOOD BURNING FIREPLACE IN LIVING ROOM. PRICED TO SELL, CALL FOR YOUR SHOWING TODAY!

4. 2008-08-04
   historical 197-char remark

   Show marketing remark (197 chars)

   CHARMING, WELL MAINTAINED HOME WITH MANY UPDATES, READY TO MOVE IN AND STOP PAYING RENT. ALL APPLIANCES INCLUDED, WOOD BURNING FIREPLACE IN LIVING ROOM. PRICED TO SELL, CALL FOR YOUR SHOWING TODAY!

5. 2008-07-17
   listed $92,000 197-char remark

   Show marketing remark (197 chars)

   CHARMING, WELL MAINTAINED HOME WITH MANY UPDATES, READY TO MOVE IN AND STOP PAYING RENT. ALL APPLIANCES INCLUDED, WOOD BURNING FIREPLACE IN LIVING ROOM. PRICED TO SELL, CALL FOR YOUR SHOWING TODAY!

6. 2008-06-15
   historical
7. 2008-04-22
   listed $114,900
8. 2008-04-21
   historical
9. 2007-11-27
   listed $125,900

ⓘ 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: $1,968 · $164/mo
• Projected year-2 tax: $2,020 · $168/mo
• Expected delta: +$52/yr (+$4/mo · 2.6%)

ⓘ 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 ≥100°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: $22,958
• − Mortgage interest: −$10,363
• − Property taxes: −$1,968
• − Insurance: −$925
• − Repairs & maintenance: −$1,837
• − Management: −$1,837
• − HOA: −$3,948
• − Depreciation: −$5,382
• Taxable loss: −$3,301
• Est. tax savings @ 24.0%: +$792
• After-tax cash flow: $446/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: Anoka-Hennepin Public School District
• NCES district ID: 2703180
• Math proficiency: 49% ▼ -14.00%
• Reading proficiency: 55% ▼ -10.00%
• Median HH income: $73,837
• Composite: 46.7/100
• National rank: #2400
• State rank: #71 of 301 in MN

Livability — Coon Rapids

• Score: 86/100
• State rank: #12
• US rank: #390

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coon Rapids, MN
• County: Anoka County · 277,116 people
• City population: 63,468
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 29,005
• Household income: $103,461
• Rent vs Own: 15.9% rent · 84.1% own
• Severe rent burden: 221.0

Population outlook (Anoka County) Hauer SSP2

• Today (2025): 375,223 people
• By 2030: 387,850 · +3.4%
• By 2040: 407,239 · +8.5%
• By 2050: 417,541 · +11.3%
• By 2075: 448,447 · +19.5%
• By 2100: 464,954 · +23.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 8% Asian 7% Hispanic / Latino 7% Two or more races 6%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Portuguese 13% Romanian 5% Lithuanian 3%
• Foreign-born: 11% · Canada, Vietnam, South Korea
• Languages at home: 85% English-only · Spanish 4% Other Asian/Pacific 4% Russian/Polish/Slavic 1%

Political lean MEDSL · Anoka

• 2024 margin: Toss-up / Even · D 46.6% · R 51.0% · Other 2.4%
• 2008→2024 swing: -2.0pp toward R · 2008: -2.4pp · 2024: -4.4pp
• All cycles: 2024: R+4.4 2020: R+1.9 2016: R+9.7 2012: R+2.6 2008: R+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -97.29%
• Current HPI: 254.7687
• Rent YoY: —
• 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

+46.9% since first listed

9 events — show timeline

• 2026-05-22 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-20 Listed $185,000 NORTHSTARMLS as Distributed by MLS Grid
• 2008-09-05 Sold (MLS) $90,000 NORTHSTARMLS as Distributed by MLS Grid
• 2008-08-04 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2008-07-17 Listed $92,000 NORTHSTARMLS as Distributed by MLS Grid
• 2008-06-15 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2008-04-22 Listed $114,900 NORTHSTARMLS as Distributed by MLS Grid
• 2008-04-21 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2007-11-27 Listed $125,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+8.1%/yr

Latest (2026): $1,968 · +17.2% YoY. Source: county tax records.