675 Otsego St · St. Paul, MN 55101

$309,900

3 bd · 1.5 ba · 1,520 sqft · SingleFamily public records · 15 Days on market

Built 2003 5,761 sqft lot

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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 +14.0/30.0
• ARV discount +7.5/15.0
• DSCR +4.3/10.0
• 1% rule +3.7/10.0
• Rent growth +2.6/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +2.4/10.0
• Schools +2.4/10.0

Listing remarks

Developed by Dayton's Bluff N. H. S. , this well-designed home offers a functional and inviting floor plan. The main level features a convenient half bath, while the second floor includes three spacious bedrooms and a full bathroom. Additional highlights include a two-car attached garage and a low-maintenance exterior. Recent updates include fresh paint throughout the entire home, new carpeting, and a den in the basement with an egress window, providing extra living or recreational space. The roof and siding were replaced approximately five years ago, offering added peace of mind for years to come. Buyer/buyer's agent to verify measurements. Please remove your shoes when showing. Loan commi

Key facts

• Half bath
• Fresh paint
• New carpeting

Tags

• HALF BATH
• FULL BATHROOM
• TWO-CAR ATTACHED GARAGE
• LOW-MAINTENANCE EXTERIOR
• FRESH PAINT
• NEW CARPETING

Property features AI

Finance

• Financial info: Financing types: Conventional
• HOA & community: No association fee (N/A)

Exterior

• Parking: Attached 2-car garage
• Utilities: City water (connected / in street); City sewer (connected / in street); Natural gas
• Home design: Residential property; Two levels; Main entry level present; Above-grade and below-grade finished living areas
• Construction: Block foundation; Asphalt roof (age 8 years or less); Foundation area approximately 704
• Exterior features: Vinyl exterior; No fencing; Sod included in price; Public transit within about 6 blocks; City street with curbs, paved streets and sidewalks

Interior

• Kitchen: Dishwasher; Range; Refrigerator; Exhaust fan
• Bedrooms: 3 bedrooms (two on upper level, one on lower level listed as den/office); Bedroom sizes include 14x11, 11x10, and 13x12
• Bathrooms: 1 full bath; Main floor half bath
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Informal dining room; Basement with full finish area, egress window(s) and sump pump; Porch; Patio; Kitchen window
• Laundry & utility: Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $310k.

Deal economics

• At list price, monthly cash flow is $41 ($489/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $270k (12.9% below list).
• Recommended offer: $270k (12.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• St. Paul Public School District (urban): math 21% / reading 33% proficiency, ranked #270 of 301 in MN (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Farnsworth Aerospace Lower (math 5% / reading 15%, grade F, #813 of 857 statewide, top 97%, 425 students, 83% FRL) — zoned schools average 83% FRL vs 64% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 10% at this address vs 27% district-wide (-17 pts) — the specific schools serving this property underperform the St. Paul Public School District average; the district grade overstates school quality for this exact location.
• Market conditions: Rents flat; 76 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 4d on market — plan ~1-2 weeks tenant-placement turnaround); 1,202 units permitted in Ramsey County in 2024 (880 in 5+ unit buildings).
• At $2,700/mo this rent would consume 50% of the median local household income ($65k/yr) (locally 1202% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Ramsey County population projected at +27% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($305k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 23y 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 $174k; list at $310k implies a 78% gain — meaningful room to come down on a strong offer.

Recommended offer $269,959 (12.9% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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.
4. 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.
5. 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: 0.87% ✗
• Cap rate: 6.45%
• Cash-on-cash: 0.56%
• DSCR: 1.03
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.2% rent growth · sell at horizon

5-year hold

• IRR: -18.5%
• Equity multiple: 0.37×
• Total profit: $-55,011
• Equity at exit: $46,207

10-year hold

• IRR: -17.6%
• Equity multiple: 0.16×
• Total profit: $-73,226
• Equity at exit: $26,794

Cash invested: $86,772 (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 55101

• Home prices YoY: -2.1%
• Rents YoY: 0.2%
• Active inventory: 76
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,700 high
• Mortgage (P&I): −$1,625
• Tax from tax record: −$338 /mo · $4,052/yr
• Insurance: −$129
• HOA: −$0
• Vacancy / Maint / Mgmt: −$567
• Net cashflow: $41

Break-even live

Break-even rent $2,648

Max offer price $309,900

Occupancy floor 93%

Sensitivity live

Price	-10% $216	-5% $128	+0% $41	+5% $-47	+10% $-135
Rent	-10% $-173	-5% $-66	+0% $41	+5% $147	+10% $254
Rate	-1.0pp $197	-0.5pp $120	base $41	+0.5pp $-40	+1.0pp $-121

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: $77,475
• Closing costs: $9,297
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
330 9th St E St Paul, MN	1.0–2.0	1.0	978	$2,495	$2.55	5d	3	0.65mi
250 6th St E St Paul, MN	2.0	1.0–2.0	980	$2,868	$2.93	1d	17	0.88mi
240 5th St E St Paul, MN	2.0	1.0–2.0	949	$2,775	$2.92	0d	9	0.94mi
333 Sibley St Saint Paul, MN	3.0	1.0–2.0	1358	$3,269	$2.41	12d	10	0.99mi
101 10th St E Saint Paul, MN	2.0	1.0–2.0	853	$2,490	$2.92	1d	20	0.99mi
141 4th St E Saint Paul, MN	2.0	1.0–2.0	811	$2,420	$2.98	21d	20	1.09mi
180 E Kellogg Blvd St Paul, MN	3.0	1.0–2.5	1436	$4,595	$3.20	0d	21	1.09mi
111 Kellogg Blvd E Saint Paul, MN	3.0	1.0–2.0	1000	$2,783	$2.78	3d	20	1.19mi

Listing history 10 events

1. 2026-06-21
   days on market $309,900 Active 15 DOM
2. 2026-06-18
   days on market $309,900 Active 12 DOM
3. 2026-06-17
   days on market $309,900 Active 11 DOM
4. 2026-06-16
   days on market $309,900 Active 10 DOM
5. 2026-06-15
   days on market $309,900 Active 9 DOM
6. 2026-06-13
   days on market $309,900 Active 7 DOM
7. 2026-06-09
   days on market $309,900 Active 3 DOM
8. 2026-06-08
   days on market $309,900 Active 2 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    listed $309,900 Active 1 DOM

ⓘ 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: $4,052 · $338/mo
• Projected year-2 tax: $4,052 · $338/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 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,395
• − Mortgage interest: −$17,359
• − Property taxes: −$4,052
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,592
• − Management: −$2,592
• − Depreciation: −$9,015
• Taxable loss: −$4,764
• Est. tax savings @ 24.0%: +$1,143
• After-tax cash flow: $1,632/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. Paul Public School District
• NCES district ID: 2733840
• Math proficiency: 21% ▼ -11.00%
• Reading proficiency: 33% ▼ -7.00%
• Median HH income: $48,316
• Composite: 23.51/100
• National rank: #7868
• State rank: #270 of 301 in MN

Livability — St. Paul

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

Census & demographics

• Census place: St. Paul, MN
• County: Ramsey County · 542,837 people
• City population: 280,599
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 7,911
• Household income: $64,863
• Rent vs Own: 78.8% rent · 21.2% own
• Severe rent burden: 1202.0

Population outlook (Ramsey County) Hauer SSP2

• Today (2025): 603,431 people
• By 2030: 636,459 · +5.5%
• By 2040: 700,596 · +16.1%
• By 2050: 765,819 · +26.9%
• By 2075: 929,297 · +54.0%
• By 2100: 1,053,924 · +74.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (67%)
• Race & ethnicity: White 67% Asian 13% Black 10% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Portuguese 8% Romanian 3% Italian 3%
• Foreign-born: 11% · Canada, Vietnam, China
• Languages at home: 86% English-only · Spanish 3% Other Asian/Pacific 3% Tagalog/Filipino 2%

Political lean MEDSL · Ramsey

• 2024 margin: Solid D (+43.3) · D 70.5% · R 27.2% · Other 2.3%
• 2008→2024 swing: +9.4pp toward D · 2008: 33.9pp · 2024: 43.3pp
• All cycles: 2024: D+43.3 2020: D+45.4 2016: D+39.4 2012: D+35.3 2008: D+33.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -5.29%
• Current HPI: 248.1315
• Rent YoY: ▲ 0.20%
• 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

+78.1% since first listed

8 events — show timeline

• 2026-06-06 Listed $309,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-01 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-26 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-21 Listed $309,900 NORTHSTARMLS as Distributed by MLS Grid
• 2003-12-31 Sold (Public Records) $174,000 Public Records
• 2003-12-31 Sold (MLS) $174,000 NORTHSTARMLS as Distributed by MLS Grid
• 2003-10-17 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2003-10-17 Listed $174,000 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+6.6%/yr

Latest (2025): $4,052 · +5.1% YoY. Source: county tax records.