37513 Verdin St NW · Cambridge, MN 55080

$256,000

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 9 Days on market

Built 1967 1.00 ac 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
• 1% rule +9.2/10.0
• ARV discount +7.5/15.0
• Schools +3.9/10.0
• Livability +3.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

If you are looking for a home with privacy; this 3 bedroom 1 bath rambler is located on a spacious one acre lot surrounded by mature trees. You will appreciate the rustic charm with wood floors and accent walls throughout. Updated galley kitchen, 2 bedrooms all on the main level and a northwoods feeling lower level bedroom. Welcome to the country!

Key facts

• 1 acre lot
• 2 garage spots
• Built 1967

Property features AI

Finance

• Financial info: Conventional financing available

Exterior

• Parking: Gravel driveway; 2-car detached garage
• Utilities: Drilled well; Mound septic (compliant); Propane fuel; Electric service with circuit breakers (East Central Energy)
• Home design: Residential single-story home; Entry level: Main; Above- and below-ground living areas
• Construction: Frame construction; Block foundation; Asphalt roof (age 8 years or less)
• Exterior features: Vinyl exterior; Light tree coverage; County road frontage on a public maintained road

Interior

• Kitchen: Dishwasher; Range; Microwave; Refrigerator; Exhaust fan
• Bedrooms: 3 bedrooms (all on main level)
• Flooring: Hardwood floors
• Bathrooms: One full bathroom on the main level
• Heating & cooling: Forced air heat; Central air conditioning
• Interior features: Informal dining area; Full, unfinished basement; Hardwood floors
• Laundry & utility: Laundry in basement; Rented fuel tank

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $256k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $256k).
• Cap rate 12.4% vs local median 3.0% in Cambridge — 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 75/100 on livability (#180 in MN, #3,872 nationally) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, crime A; Watch: amenities F, commute F.
• Braham Public School District (rural): math 39% / reading 52% proficiency, ranked #170 of 301 in MN (top 56%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 31 active listings in the ZIP; 191 units permitted in Isanti County in 2024 (28 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Isanti County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $72k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $220k; 16% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $256,000

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.42% ✓
• Cap rate: 12.44%
• Cash-on-cash: 21.95%
• DSCR: 1.98
• GRM: 5.9

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: 14.6%
• Equity multiple: 1.59×
• Total profit: $41,961
• Equity at exit: $38,170

10-year hold

• IRR: 23.3%
• Equity multiple: 3.01×
• Total profit: $143,774
• Equity at exit: $22,134

Cash invested: $71,680 (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 55080

• Home prices YoY: -5.9%
• Active inventory: 31
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $3,630 medium
• Mortgage (P&I): −$1,342
• Tax from tax record: −$107 /mo · $1,284/yr
• Insurance: −$107
• HOA: −$0
• Vacancy / Maint / Mgmt: −$762
• Net cashflow: $1,311

Break-even live

Break-even rent $1,970

Max offer price $256,000

Occupancy floor 59%

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: $64,000
• Closing costs: $7,680
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-12
   status $256,000 Pending 9 DOM
2. 2026-06-09
   days on market $256,000 Contingent - Inspection 9 DOM
3. 2026-06-08
   statusdays on market $256,000 Contingent - Inspection 8 DOM
4. 2026-06-07
   days on market $256,000 Active 7 DOM
5. 2026-06-05
   days on market $256,000 Active 5 DOM
6. 2026-06-04
   days on market $256,000 Active 3 DOM
7. 2026-06-02
   days on market $256,000 Active 2 DOM
8. 2026-06-01
   statusdays on market $256,000 Active 1 DOM
9. 2026-05-31
   days on market $256,000 Coming Soon 2 DOM
10. 2026-05-29
    historical $256,000
11. 2022-08-31
    soldstatus $220,000 Sold 353-char remark

    Show marketing remark (353 chars)

    If you are looking for a home with privacy; this 3 bedroom 1 bath rambler is located on a spacious one acre lot surrounded by mature trees. You will appreciate the rustic charm with wood floors and accent walls throughout. Updated galley kitchen, 2 bedrooms all on the main level and a northwoods feeling lower level bedroom. Welcome to the country!

12. 2022-08-31
    soldstatus $220,000

    Show marketing remark (353 chars)

    If you are looking for a home with privacy; this 3 bedroom 1 bath rambler is located on a spacious one acre lot surrounded by mature trees. You will appreciate the rustic charm with wood floors and accent walls throughout. Updated galley kitchen, 2 bedrooms all on the main level and a northwoods feeling lower level bedroom. Welcome to the country!

13. 2022-08-16
    status Pending 353-char remark

    Show marketing remark (353 chars)

    If you are looking for a home with privacy; this 3 bedroom 1 bath rambler is located on a spacious one acre lot surrounded by mature trees. You will appreciate the rustic charm with wood floors and accent walls throughout. Updated galley kitchen, 2 bedrooms all on the main level and a northwoods feeling lower level bedroom. Welcome to the country!

14. 2022-07-22
    listed $220,000 Active 353-char remark

    Show marketing remark (353 chars)

    If you are looking for a home with privacy; this 3 bedroom 1 bath rambler is located on a spacious one acre lot surrounded by mature trees. You will appreciate the rustic charm with wood floors and accent walls throughout. Updated galley kitchen, 2 bedrooms all on the main level and a northwoods feeling lower level bedroom. Welcome to the country!

15. 2022-07-19
    historical $220,000 353-char remark

    Show marketing remark (353 chars)

    If you are looking for a home with privacy; this 3 bedroom 1 bath rambler is located on a spacious one acre lot surrounded by mature trees. You will appreciate the rustic charm with wood floors and accent walls throughout. Updated galley kitchen, 2 bedrooms all on the main level and a northwoods feeling lower level bedroom. Welcome to the country!

16. 2017-11-27
    soldstatus $55,000

ⓘ 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: $1,284 · $107/mo
• Projected year-2 tax: $2,076 · $173/mo
• Expected delta: +$792/yr (+$66/mo · 61.7%)

ⓘ 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 ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,557
• − Mortgage interest: −$14,340
• − Property taxes: −$1,284
• − Insurance: −$1,280
• − Repairs & maintenance: −$3,485
• − Management: −$3,485
• − Depreciation: −$7,447
• Taxable income: $12,237
• Est. tax owed @ 24.0%: −$2,937
• After-tax cash flow: $12,799/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: Braham Public School District
• NCES district ID: 2706060
• Math proficiency: 39% ▼ -21.00%
• Reading proficiency: 52% ▼ -8.00%
• Median HH income: $53,333
• Composite: 39.32/100
• National rank: #3987
• State rank: #170 of 301 in MN

Livability — Cambridge

• Score: 75/100
• State rank: #180
• US rank: #3872

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 3,281

Population outlook (Isanti County) Hauer SSP2

• Today (2025): 39,507 people
• By 2030: 39,545 · +0.1%
• By 2040: 38,556 · -2.4%
• By 2050: 35,837 · -9.3%
• By 2075: 27,423 · -30.6%
• By 2100: 18,928 · -52.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 3% Hispanic / Latino 2%
• Common ancestry: Portuguese 9% Romanian 8% Scottish 3%
• Foreign-born: 1% · South Korea

Political lean MEDSL · Isanti

• 2024 margin: Solid R (+41.2) · D 28.6% · R 69.8% · Other 1.6%
• 2008→2024 swing: -25.9pp toward R · 2008: -15.3pp · 2024: -41.2pp
• All cycles: 2024: R+41.2 2020: R+38.6 2016: R+38.2 2012: R+18.1 2008: R+15.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -21.23%
• Current HPI: 336.3158
• 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

+365.5% since first listed

7 events — show timeline

• 2026-05-29 Coming Soon $256,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-08-31 Sold (Public Records) $220,000 Public Records
• 2022-08-31 Sold (MLS) $220,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-08-16 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-07-22 Listed $220,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-07-19 Coming Soon $220,000 NORTHSTARMLS as Distributed by MLS Grid
• 2017-11-27 Sold (Public Records) $55,000 Public Records

Property tax history

+1.2%/yr

Latest (2025): $1,284 · -3.0% YoY. Source: county tax records.