351 20th Ave N · St. Cloud, MN 56303

$180,000

6 bd · 2.0 ba · 1,877 sqft · SingleFamily · 231 Days on market

Built 1920 5,662 sqft lot $96/sqft · 18% below area Est $221k · 18% under ↓ 7% since listing

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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 +19.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• 1% rule +5.1/10.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Short Sale – Investor Opportunity Property is being sold AS-IS and is priced to reflect condition. Sale is subject to lender approval, and the final price has not yet been approved by the servicer. We are currently accepting highest and best offers for the next 15 days, including a full weekend, before submitting the selected offer to the lender for approval. To be considered, buyers must submit the following with their offer: • Proof of funds (cash buyers preferred) • Earnest money deposit • Buyer must agree to complete a home inspection within 10 days of contract acceptance A flat short sale negotiation fee payable by the buyer at closing will apply. Details of this fee and transaction requirements are provided in the attached Short Sale Addendum available in MLS documents. This property presents a strong opportunity for investors and cash buyers willing to perform their own due diligence.

Key facts

• 5,662 sq ft lot
• 2 garage spots
• Built 1920

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $196 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $158k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 3.9% in St. Cloud — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• St. Cloud Public School District (urban): math 27% / reading 38% proficiency, ranked #264 of 301 in MN (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 150 active listings in the ZIP; 661 units permitted in Stearns County in 2024 (291 in 5+ unit buildings).
• This rent runs 34% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

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.
• Stearns 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 231 days — a 12% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 21y ago; this cycle's ask has dropped $45k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $158,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 231 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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: 1.01% ✓
• Cap rate: 7.60%
• Cash-on-cash: 4.66%
• DSCR: 1.21
• GRM: 8.2

CMA / ARV

• ARV (median comp): $220,640
• List price: $180,000
• Delta: -18.42%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -9.0%
• Equity multiple: 0.67×
• Total profit: $-16,685
• Equity at exit: $26,839

10-year hold

• IRR: 0.5%
• Equity multiple: 1.03×
• Total profit: $1,621
• Equity at exit: $15,563

Cash invested: $50,400 (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 56303

• Active inventory: 150
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,822 medium
• Mortgage (P&I): −$944
• Tax est. 1.5%: −$225 /mo · $2,700/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $196

Break-even live

Break-even rent $1,575

Max offer price $180,000

Occupancy floor 84%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Listing history 49 events

1. 2026-06-19
   days on market $180,000 Active 231 DOM
2. 2026-06-18
   days on market $180,000 Active 230 DOM
3. 2026-06-17
   days on market $180,000 Active 229 DOM
4. 2026-06-16
   days on market $180,000 Active 228 DOM
5. 2026-06-15
   days on market $180,000 Active 227 DOM
6. 2026-06-14
   days on market $180,000 Active 225 DOM
7. 2026-06-13
   days on market $180,000 Active 224 DOM
8. 2026-06-10
   days on market $180,000 Active 222 DOM
9. 2026-06-09
   days on market $180,000 Active 221 DOM
10. 2026-06-08
    days on market $180,000 Active 220 DOM
11. 2026-06-07
    days on market $180,000 Active 219 DOM
12. 2026-06-03
    days on market $180,000 Active 215 DOM
13. 2026-06-02
    days on market $180,000 Active 214 DOM
14. 2026-06-01
    days on market $180,000 Active 213 DOM
15. 2026-05-31
    days on market $180,000 Active 212 DOM
16. 2026-05-30
    days on market $180,000 Active 211 DOM
17. 2026-05-01
    price $88,888 957-char remark

    Show marketing remark (957 chars)

    Short Sale – Investor Opportunity Property is being sold AS-IS and is priced to reflect condition. Sale is subject to lender approval, and the final price has not yet been approved by the servicer. We are currently accepting highest and best offers for the next 15 days, including a full weekend, before submitting the selected offer to the lender for approval. To be considered, buyers must submit the following with their offer: • Proof of funds (cash buyers preferred) • Earnest money deposit • Buyer must agree to complete a home inspection within 10 days of contract acceptance A flat short sale negotiation fee payable by the buyer at closing will apply. Details of this fee and transaction requirements are provided in the attached Short Sale Addendum available in MLS documents. This property presents a strong opportunity for investors and cash buyers willing to perform their own due diligence.

18. 2026-04-15
    status Active 957-char remark

    Show marketing remark (957 chars)

    Short Sale – Investor Opportunity Property is being sold AS-IS and is priced to reflect condition. Sale is subject to lender approval, and the final price has not yet been approved by the servicer. We are currently accepting highest and best offers for the next 15 days, including a full weekend, before submitting the selected offer to the lender for approval. To be considered, buyers must submit the following with their offer: • Proof of funds (cash buyers preferred) • Earnest money deposit • Buyer must agree to complete a home inspection within 10 days of contract acceptance A flat short sale negotiation fee payable by the buyer at closing will apply. Details of this fee and transaction requirements are provided in the attached Short Sale Addendum available in MLS documents. This property presents a strong opportunity for investors and cash buyers willing to perform their own due diligence.

19. 2026-04-11
    historical 957-char remark

    Show marketing remark (957 chars)

    Short Sale – Investor Opportunity Property is being sold AS-IS and is priced to reflect condition. Sale is subject to lender approval, and the final price has not yet been approved by the servicer. We are currently accepting highest and best offers for the next 15 days, including a full weekend, before submitting the selected offer to the lender for approval. To be considered, buyers must submit the following with their offer: • Proof of funds (cash buyers preferred) • Earnest money deposit • Buyer must agree to complete a home inspection within 10 days of contract acceptance A flat short sale negotiation fee payable by the buyer at closing will apply. Details of this fee and transaction requirements are provided in the attached Short Sale Addendum available in MLS documents. This property presents a strong opportunity for investors and cash buyers willing to perform their own due diligence.

20. 2026-01-08
    price $215,000 957-char remark

    Show marketing remark (957 chars)

    Short Sale – Investor Opportunity Property is being sold AS-IS and is priced to reflect condition. Sale is subject to lender approval, and the final price has not yet been approved by the servicer. We are currently accepting highest and best offers for the next 15 days, including a full weekend, before submitting the selected offer to the lender for approval. To be considered, buyers must submit the following with their offer: • Proof of funds (cash buyers preferred) • Earnest money deposit • Buyer must agree to complete a home inspection within 10 days of contract acceptance A flat short sale negotiation fee payable by the buyer at closing will apply. Details of this fee and transaction requirements are provided in the attached Short Sale Addendum available in MLS documents. This property presents a strong opportunity for investors and cash buyers willing to perform their own due diligence.

21. 2025-12-05
    price $219,900 957-char remark

    Show marketing remark (957 chars)

    Short Sale – Investor Opportunity Property is being sold AS-IS and is priced to reflect condition. Sale is subject to lender approval, and the final price has not yet been approved by the servicer. We are currently accepting highest and best offers for the next 15 days, including a full weekend, before submitting the selected offer to the lender for approval. To be considered, buyers must submit the following with their offer: • Proof of funds (cash buyers preferred) • Earnest money deposit • Buyer must agree to complete a home inspection within 10 days of contract acceptance A flat short sale negotiation fee payable by the buyer at closing will apply. Details of this fee and transaction requirements are provided in the attached Short Sale Addendum available in MLS documents. This property presents a strong opportunity for investors and cash buyers willing to perform their own due diligence.

22. 2025-10-29
    listed $225,000 Active 957-char remark

    Show marketing remark (957 chars)

    Short Sale – Investor Opportunity Property is being sold AS-IS and is priced to reflect condition. Sale is subject to lender approval, and the final price has not yet been approved by the servicer. We are currently accepting highest and best offers for the next 15 days, including a full weekend, before submitting the selected offer to the lender for approval. To be considered, buyers must submit the following with their offer: • Proof of funds (cash buyers preferred) • Earnest money deposit • Buyer must agree to complete a home inspection within 10 days of contract acceptance A flat short sale negotiation fee payable by the buyer at closing will apply. Details of this fee and transaction requirements are provided in the attached Short Sale Addendum available in MLS documents. This property presents a strong opportunity for investors and cash buyers willing to perform their own due diligence.

23. 2025-10-10
    historical $225,000 957-char remark

    Show marketing remark (957 chars)

    Short Sale – Investor Opportunity Property is being sold AS-IS and is priced to reflect condition. Sale is subject to lender approval, and the final price has not yet been approved by the servicer. We are currently accepting highest and best offers for the next 15 days, including a full weekend, before submitting the selected offer to the lender for approval. To be considered, buyers must submit the following with their offer: • Proof of funds (cash buyers preferred) • Earnest money deposit • Buyer must agree to complete a home inspection within 10 days of contract acceptance A flat short sale negotiation fee payable by the buyer at closing will apply. Details of this fee and transaction requirements are provided in the attached Short Sale Addendum available in MLS documents. This property presents a strong opportunity for investors and cash buyers willing to perform their own due diligence.

24. 2022-09-14
    soldstatus $186,000
25. 2022-09-07
    soldstatus $186,000 Sold 504-char remark

    Show marketing remark (504 chars)

    Must see this charming move-in ready 6 bedroom, 2 bathroom home! An abundance of natural light welcomes you into this home as you enter through the front porch. The main floor features the primary bedroom, living room, formal dining room, updated kitchen with eat in space, 1/2 bath and mudroom. Upstairs you'll find 3 bedrooms and the full bathroom, and in the lower level are 2 more bedrooms. Situated on a corner lot with a detached 2 car garage and extra off street parking, this house is a must see!

26. 2022-07-19
    status Pending 504-char remark

    Show marketing remark (504 chars)

    Must see this charming move-in ready 6 bedroom, 2 bathroom home! An abundance of natural light welcomes you into this home as you enter through the front porch. The main floor features the primary bedroom, living room, formal dining room, updated kitchen with eat in space, 1/2 bath and mudroom. Upstairs you'll find 3 bedrooms and the full bathroom, and in the lower level are 2 more bedrooms. Situated on a corner lot with a detached 2 car garage and extra off street parking, this house is a must see!

27. 2022-07-08
    listed $185,000 Active 504-char remark

    Show marketing remark (504 chars)

    Must see this charming move-in ready 6 bedroom, 2 bathroom home! An abundance of natural light welcomes you into this home as you enter through the front porch. The main floor features the primary bedroom, living room, formal dining room, updated kitchen with eat in space, 1/2 bath and mudroom. Upstairs you'll find 3 bedrooms and the full bathroom, and in the lower level are 2 more bedrooms. Situated on a corner lot with a detached 2 car garage and extra off street parking, this house is a must see!

28. 2022-07-07
    historical $185,000 504-char remark

    Show marketing remark (504 chars)

    Must see this charming move-in ready 6 bedroom, 2 bathroom home! An abundance of natural light welcomes you into this home as you enter through the front porch. The main floor features the primary bedroom, living room, formal dining room, updated kitchen with eat in space, 1/2 bath and mudroom. Upstairs you'll find 3 bedrooms and the full bathroom, and in the lower level are 2 more bedrooms. Situated on a corner lot with a detached 2 car garage and extra off street parking, this house is a must see!

29. 2021-02-02
    soldstatus $165,000
30. 2021-01-29
    soldstatus $165,000 Sold
31. 2021-01-27
    status Pending
32. 2021-01-26
    status Pending
33. 2021-01-25
    status Pending
34. 2020-12-16
    historical Contingent - Inspection
35. 2020-12-13
    listed $160,900 Active
36. 2020-12-07
    historical $160,900
37. 2020-03-20
    soldstatus $67,500 Sold
38. 2020-03-02
    historical Contingent - Other
39. 2020-02-20
    status Active
40. 2020-02-18
    historical Contingent - Other
41. 2020-02-06
    price $69,900
42. 2019-12-23
    price $79,900
43. 2019-11-09
    price $84,900
44. 2019-09-12
    listed $89,900 Active
45. 2007-09-26
    soldstatus $121,025
46. 2007-08-22
    historical
47. 2007-07-18
    listed $124,900
48. 2005-05-11
    soldstatus $97,000
49. 2005-03-14
    listed $96,000

ⓘ 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 ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,866
• − Mortgage interest: −$10,083
• − Property taxes: −$2,700
• − Insurance: −$900
• − Repairs & maintenance: −$1,749
• − Management: −$1,749
• − Depreciation: −$5,236
• Taxable loss: −$552
• Est. tax savings @ 24.0%: +$132
• After-tax cash flow: $2,479/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: St. Cloud Public School District
• NCES district ID: 2733510
• Math proficiency: 27% ▼ -9.00%
• Reading proficiency: 38% ▼ -5.00%
• Median HH income: $46,638
• Composite: 27.91/100
• National rank: #6866
• State rank: #264 of 301 in MN

Livability — St. Cloud

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Cloud, MN
• County: Stearns County · 90,226 people
• City population: 60,914
• Metro: St. Cloud, MN
• Population (ZIP): 25,827
• Household income: $65,198
• Rent vs Own: 36.7% rent · 63.3% own
• Severe rent burden: 887.0

Population outlook (Stearns County) Hauer SSP2

• Today (2025): 162,629 people
• By 2030: 166,495 · +2.4%
• By 2040: 172,661 · +6.2%
• By 2050: 177,480 · +9.1%
• By 2075: 192,907 · +18.6%
• By 2100: 206,274 · +26.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Black 8% Two or more races 6% Hispanic / Latino 6% Asian 3%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 7% Romanian 4% Lithuanian 2%
• Foreign-born: 7% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 5% French/Haitian/Cajun 1% Other Asian/Pacific 1%

Political lean MEDSL · Stearns

• 2024 margin: Strong R (+26.8) · D 35.7% · R 62.5% · Other 1.9%
• 2008→2024 swing: -19.8pp toward R · 2008: -7.0pp · 2024: -26.8pp
• All cycles: 2024: R+26.8 2020: R+22.5 2016: R+27.9 2012: R+12.1 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -187.45%
• Current HPI: 135.2097
• Rent YoY: —
• Metro: St. Cloud, MN
• 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

-7.4% since first listed

33 events — show timeline

• 2026-05-01 Price Changed $88,888 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-15 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-11 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-08 Price Changed $215,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-12-05 Price Changed $219,900 NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-29 Listed $225,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-10 Coming Soon $225,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-09-14 Sold (Public Records) $186,000 Public Records
• 2022-09-07 Sold (MLS) $186,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-07-19 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-07-08 Listed $185,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-07-07 Coming Soon $185,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-02-02 Sold (Public Records) $165,000 Public Records
• 2021-01-29 Sold (MLS) $165,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-01-27 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2021-01-26 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2021-01-25 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2020-12-16 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2020-12-13 Listed $160,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-12-07 Coming Soon $160,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-03-20 Sold (MLS) $67,500 NORTHSTARMLS as Distributed by MLS Grid
• 2020-03-02 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2020-02-20 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2020-02-18 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2020-02-06 Price Changed $69,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-12-23 Price Changed $79,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-11-09 Price Changed $84,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-09-12 Listed $89,900 NORTHSTARMLS as Distributed by MLS Grid
• 2007-09-26 Sold (MLS) $121,025 NORTHSTARMLS as Distributed by MLS Grid
• 2007-08-22 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2007-07-18 Listed $124,900 NORTHSTARMLS as Distributed by MLS Grid
• 2005-05-11 Sold (MLS) $97,000 NORTHSTARMLS as Distributed by MLS Grid
• 2005-03-14 Listed $96,000 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+17.0%/yr

Latest (2025): $13,888 · +124.7% YoY. Source: county tax records.