317 Minnesota Ave E · Sebeka, MN 56477

$139,900

3 bd · 1.0 ba · 828 sqft · SingleFamily public records · 23 Days on market

Built 1968 6,969 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 +9.0/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• DSCR +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move in ready 3 bed 1 bath home in Sebeka. If you are looking for a home with no maintenance, this is it. Two stall garage, large kitchen/dining, and main floor bedroom and laundry is all that awaits you and your new home. Take advantage of the perfect home for you.

Key facts

• Main floor laundry
• Fenced in yard
• 6,969 sq ft lot

Tags

• FENCED IN YARD
• MAIN FLOOR LAUNDRY
• DETACHED 2 STALL GARAGE

Property features AI

Finance

• Other: Lot roughly 0.16 acres (approx. 50 x 140)

Exterior

• Parking: 2-car garage
• Utilities: City water; City sewer; Propane fuel
• Home design: Residential property; Facing direction not provided
• Construction: Shallow living area above grade with additional below-grade space; Poured concrete foundation; Built with vinyl exterior
• Exterior features: Vinyl exterior

Interior

• Bedrooms: 3 bedrooms (main level)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; No central cooling
• Interior features: Unfinished basement; Poured concrete foundation; One and one-half levels

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $-109 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $121k (13.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $101k (28.1% below list).
• Recommended offer: $101k (28.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#346 in MN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: health & safety C-, employment D, amenities F.
• Sebeka Public School District (rural): math 49% / reading 54% proficiency, ranked #117 of 301 in MN (top 39%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Sebeka Elementary (math 57% / reading 57%, grade C+, #265 of 857 statewide, top 35%, 215 students, 61% FRL); Sebeka Secondary (math 37% / reading 52%, grade F, #189 of 471 statewide, top 44%, 258 students, 52% FRL) — zoned schools average 57% FRL vs 38% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 13 active listings in the ZIP; 52 units permitted in Wadena County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Wadena County population projected to shrink 6% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y 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.

Recommended offer $100,610 (28.1% 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 1968 — 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: 0.72% ✗
• Cap rate: 5.36%
• Cash-on-cash: -3.35%
• DSCR: 0.85
• GRM: 11.6

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: -21.9%
• Equity multiple: 0.24×
• Total profit: $-29,654
• Equity at exit: $20,860

10-year hold

• IRR: -15.9%
• Equity multiple: 0.11×
• Total profit: $-34,880
• Equity at exit: $12,096

Cash invested: $39,172 (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 56477

• Home prices YoY: -6.1%
• Active inventory: 13
• Price-to-rent: 11.6×

Monthly cashflow live

• Estimated rent: $1,006 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$112 /mo · $1,346/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $-109

Break-even live

Break-even rent $1,144

Max offer price $120,593

Occupancy floor —

Sensitivity live

Price	-10% $-30	-5% $-70	+0% $-109	+5% $-149	+10% $-188
Rent	-10% $-189	-5% $-149	+0% $-109	+5% $-70	+10% $-30
Rate	-1.0pp $-39	-0.5pp $-74	base $-109	+0.5pp $-146	+1.0pp $-182

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Listing history 19 events

1. 2026-06-09
   statusdays on market $139,900 Pending 23 DOM
2. 2026-06-08
   days on market $139,900 Contingent - Inspection 22 DOM
3. 2026-06-07
   days on market $139,900 Contingent - Inspection 21 DOM
4. 2026-06-05
   days on market $139,900 Contingent - Inspection 19 DOM
5. 2026-06-04
   days on market $139,900 Contingent - Inspection 17 DOM
6. 2026-06-02
   days on market $139,900 Contingent - Inspection 16 DOM
7. 2026-06-01
   status $139,900 Contingent - Inspection 15 DOM
8. 2026-06-01
   days on market $139,900 Active 15 DOM
9. 2026-05-31
   days on market $139,900 Active 14 DOM
10. 2026-05-31
    days on market $139,900 Active 13 DOM
11. 2026-05-18
    status Active
12. 2026-05-13
    listed $139,900 Active
13. 2023-11-15
    soldstatus $128,500 Sold 266-char remark

    Show marketing remark (266 chars)

    Move in ready 3 bed 1 bath home in Sebeka. If you are looking for a home with no maintenance, this is it. Two stall garage, large kitchen/dining, and main floor bedroom and laundry is all that awaits you and your new home. Take advantage of the perfect home for you.

14. 2023-11-15
    soldstatus $128,500

    Show marketing remark (266 chars)

    Move in ready 3 bed 1 bath home in Sebeka. If you are looking for a home with no maintenance, this is it. Two stall garage, large kitchen/dining, and main floor bedroom and laundry is all that awaits you and your new home. Take advantage of the perfect home for you.

15. 2023-09-06
    status Pending 266-char remark

    Show marketing remark (266 chars)

    Move in ready 3 bed 1 bath home in Sebeka. If you are looking for a home with no maintenance, this is it. Two stall garage, large kitchen/dining, and main floor bedroom and laundry is all that awaits you and your new home. Take advantage of the perfect home for you.

16. 2023-08-14
    price $124,900 266-char remark

    Show marketing remark (266 chars)

    Move in ready 3 bed 1 bath home in Sebeka. If you are looking for a home with no maintenance, this is it. Two stall garage, large kitchen/dining, and main floor bedroom and laundry is all that awaits you and your new home. Take advantage of the perfect home for you.

17. 2023-07-19
    price $129,900 266-char remark

    Show marketing remark (266 chars)

    Move in ready 3 bed 1 bath home in Sebeka. If you are looking for a home with no maintenance, this is it. Two stall garage, large kitchen/dining, and main floor bedroom and laundry is all that awaits you and your new home. Take advantage of the perfect home for you.

18. 2023-06-29
    listed $135,000 Active 266-char remark

    Show marketing remark (266 chars)

    Move in ready 3 bed 1 bath home in Sebeka. If you are looking for a home with no maintenance, this is it. Two stall garage, large kitchen/dining, and main floor bedroom and laundry is all that awaits you and your new home. Take advantage of the perfect home for you.

19. 2004-10-01
    soldstatus $41,000

ⓘ 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: $1,346 · $112/mo
• Projected year-2 tax: $1,456 · $121/mo
• Expected delta: +$110/yr (+$9/mo · 8.2%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥94°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,073
• − Mortgage interest: −$7,837
• − Property taxes: −$1,346
• − Insurance: −$700
• − Repairs & maintenance: −$966
• − Management: −$966
• − Depreciation: −$4,070
• Taxable loss: −$3,810
• Est. tax savings @ 24.0%: +$914
• After-tax cash flow: $-397/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: Sebeka Public School District
• NCES district ID: 2732970
• Math proficiency: 49% ▼ -8.00%
• Reading proficiency: 54% ▼ -7.00%
• Median HH income: $41,424
• Composite: 43.19/100
• National rank: #3064
• State rank: #117 of 301 in MN

Livability — Sebeka

• Score: 70/100
• State rank: #346
• US rank: #8005

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sebeka, MN
• Population (ZIP): 2,498

Population outlook (Wadena County) Hauer SSP2

• Today (2025): 13,856 people
• By 2030: 13,689 · -1.2%
• By 2040: 13,382 · -3.4%
• By 2050: 13,062 · -5.7%
• By 2075: 12,185 · -12.1%
• By 2100: 10,297 · -25.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 7%
• Common ancestry: Portuguese 11% Italian 2% Iranian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · German/W. Germanic 2% Spanish 1%

Political lean MEDSL · Wadena

• 2024 margin: Solid R (+51.5) · D 23.6% · R 75.1% · Other 1.2%
• 2008→2024 swing: -34.1pp toward R · 2008: -17.4pp · 2024: -51.5pp
• All cycles: 2024: R+51.5 2020: R+45.5 2016: R+45.7 2012: R+24.4 2008: R+17.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -14.24%
• Current HPI: 218.835
• 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

+241.2% since first listed

9 events — show timeline

• 2026-05-18 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-13 Listed $139,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-11-15 Sold (Public Records) $128,500 Public Records
• 2023-11-15 Sold (MLS) $128,500 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-06 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-14 Price Changed $124,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-07-19 Price Changed $129,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-06-29 Listed $135,000 NORTHSTARMLS as Distributed by MLS Grid
• 2004-10-01 Sold (Public Records) $41,000 Public Records

Property tax history

+8.2%/yr

Latest (2026): $1,346 · +28.2% YoY. Source: county tax records.