410 Bowling Ave · Detroit Lakes, MN 56501

$239,900

2 bd · 1.0 ba · 924 sqft · SingleFamily public records · 43 Days on market

Built 1910 0.26 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 +29.0/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Schools +4.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

UPDATED IN DETROIT LAKES! This lovely Detroit Lakes home is move-in ready and nicely updated with a new roof, new mini-split (AC & Heat), newly finished interior in the garage, new pea rock backyard patio and fire pit, and new fencing. The original hardwood floors have been refinished and look amazing! Nice mature trees and lilac hedge for privacy. Quick access to HWY 10, Highway 59, or downtown Detroit Lakes. Great home in a great spot!

Key facts

• Raised garden beds
• Updated kitchen
• Enclosed porch

Tags

• ORIGINAL HARDWOOD FLOORS
• UPDATED KITCHEN
• ENCLOSED PORCH
• FULLY FENCED BACKYARD
• LANDSCAPED FIRE PIT AREA
• RAISED GARDEN BEDS

Property features AI

Exterior

• Parking: Heated, insulated garage with asphalt driveway; 2-car garage (22' x 22')
• Utilities: City water (connected); City sewer (connected); Electric service
• Home design: Residential property; One level (single-story); Main-floor primary bedroom
• Construction: Block construction; Block foundation; Roof replaced or updated within the last 8 years; Foundation dimensions approximately 38' x 34' x 20' x 34'
• Exterior features: Vinyl exterior; Full fencing; Storage shed; Irregular lot with medium tree coverage; City street frontage with paved streets and sidewalks; Publicly maintained road

Interior

• Kitchen: Cooktop; Range; Microwave; Dishwasher; Refrigerator; Water osmosis system; Electric water heater
• Bedrooms: 2 bedrooms (both on the main level)
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom (main floor)
• Heating & cooling: Baseboard heating; Ductless mini-split cooling
• Interior features: Ceiling fans; Hardwood floors; Kitchen window; Natural woodwork; Main floor primary bedroom; All living facilities on one level; Main floor laundry; Storage space in basement
• Laundry & utility: Main-level laundry; Electric dryer hookup; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $823 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $240k).
• Recommended offer: $233k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.4% vs local median 5.2% in Detroit Lakes — 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 80/100 on livability (#78 in MN, #1,847 nationally) — a professional / high-income tenant draw. Strengths: housing A+, health & safety A+, cost of living A; Watch: amenities F, commute F.
• Detroit Lakes Public School District (town): math 44% / reading 50% proficiency, ranked #155 of 301 in MN (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 307 active listings in the ZIP; 156 units permitted in Becker County in 2024 (0 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 $7k of value loss. Plan a longer hold.
• Becker County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $67k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($233k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y 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 $200k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $232,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — 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. 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?
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: 1.19% ✓
• Cap rate: 10.41%
• Cash-on-cash: 14.70%
• DSCR: 1.65
• GRM: 7.0

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: 5.2%
• Equity multiple: 1.20×
• Total profit: $13,435
• Equity at exit: $35,770

10-year hold

• IRR: 14.6%
• Equity multiple: 2.17×
• Total profit: $78,800
• Equity at exit: $20,742

Cash invested: $67,172 (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 56501

• Active inventory: 307
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,862 medium
• Mortgage (P&I): −$1,258
• Tax from tax record: −$80 /mo · $958/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$601
• Net cashflow: $823

Break-even live

Break-even rent $1,820

Max offer price $239,900

Occupancy floor 66%

Sensitivity live

Price	-10% $959	-5% $891	+0% $823	+5% $755	+10% $687
Rent	-10% $597	-5% $710	+0% $823	+5% $936	+10% $1,049
Rate	-1.0pp $944	-0.5pp $884	base $823	+0.5pp $761	+1.0pp $697

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-09
   statusdays on market $239,900 Pending 43 DOM
2. 2026-06-08
   days on market $239,900 Contingent - Inspection 42 DOM
3. 2026-06-07
   days on market $239,900 Contingent - Inspection 41 DOM
4. 2026-06-07
   days on market $239,900 Contingent - Inspection 40 DOM
5. 2026-06-04
   statusdays on market $239,900 Contingent - Inspection 37 DOM
6. 2026-06-02
   days on market $239,900 Active 36 DOM
7. 2026-06-01
   days on market $239,900 Active 35 DOM
8. 2026-05-31
   days on market $239,900 Active 34 DOM
9. 2026-05-31
   days on market $239,900 Active 33 DOM
10. 2026-04-27
    listed $245,000 Active 839-char remark
11. 2022-06-16
    soldstatus $200,000
12. 2022-06-13
    soldstatus $200,000 Sold 445-char remark

    Show marketing remark (445 chars)

    UPDATED IN DETROIT LAKES! This lovely Detroit Lakes home is move-in ready and nicely updated with a new roof, new mini-split (AC & Heat), newly finished interior in the garage, new pea rock backyard patio and fire pit, and new fencing. The original hardwood floors have been refinished and look amazing! Nice mature trees and lilac hedge for privacy. Quick access to HWY 10, Highway 59, or downtown Detroit Lakes. Great home in a great spot!

13. 2022-04-16
    historical 445-char remark

    Show marketing remark (445 chars)

    UPDATED IN DETROIT LAKES! This lovely Detroit Lakes home is move-in ready and nicely updated with a new roof, new mini-split (AC & Heat), newly finished interior in the garage, new pea rock backyard patio and fire pit, and new fencing. The original hardwood floors have been refinished and look amazing! Nice mature trees and lilac hedge for privacy. Quick access to HWY 10, Highway 59, or downtown Detroit Lakes. Great home in a great spot!

14. 2022-04-14
    listed $187,500 445-char remark

    Show marketing remark (445 chars)

    UPDATED IN DETROIT LAKES! This lovely Detroit Lakes home is move-in ready and nicely updated with a new roof, new mini-split (AC & Heat), newly finished interior in the garage, new pea rock backyard patio and fire pit, and new fencing. The original hardwood floors have been refinished and look amazing! Nice mature trees and lilac hedge for privacy. Quick access to HWY 10, Highway 59, or downtown Detroit Lakes. Great home in a great spot!

15. 2020-06-15
    soldstatus $123,000
16. 2020-06-12
    soldstatus $123,000

    Show marketing remark (332 chars)

    Nicely updated 2 bedroom 1 bathroom home in a quiet neighborhood. Nice mature trees including some oak and a majestic white pine and a beautiful lilac hedge. Beautiful wood floors accent the main living areas of this house. Fenced backyard for security and privacy. 2 stall garage and a nice garden shed. (interior pics coming soon)

17. 2020-04-27
    listed $128,500

    Show marketing remark (332 chars)

    Nicely updated 2 bedroom 1 bathroom home in a quiet neighborhood. Nice mature trees including some oak and a majestic white pine and a beautiful lilac hedge. Beautiful wood floors accent the main living areas of this house. Fenced backyard for security and privacy. 2 stall garage and a nice garden shed. (interior pics coming soon)

18. 2005-05-23
    soldstatus $101,000
19. 2001-12-14
    soldstatus $57,500
20. 1994-03-17
    soldstatus $17,000
21. 1994-02-07
    soldstatus $42,500

ⓘ 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: $958 · $80/mo
• Projected year-2 tax: $1,822 · $152/mo
• Expected delta: +$864/yr (+$72/mo · 90.2%)

ⓘ 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 5/10 Major
• 🌡 Heat 1/10 Low 7 d/yr ≥96°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,338
• − Mortgage interest: −$13,438
• − Property taxes: −$958
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,747
• − Management: −$2,747
• − Depreciation: −$6,979
• Taxable income: $6,270
• Est. tax owed @ 24.0%: −$1,505
• After-tax cash flow: $8,368/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: Detroit Lakes Public School District
• NCES district ID: 2710230
• Math proficiency: 44% ▼ -11.00%
• Reading proficiency: 50% ▼ -11.00%
• Median HH income: $50,571
• Composite: 40.33/100
• National rank: #3746
• State rank: #155 of 301 in MN

Livability — Detroit Lakes

• Score: 80/100
• State rank: #78
• US rank: #1847

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Detroit Lakes, MN
• City population: 18,239
• Population (ZIP): 18,239

Population outlook (Becker County) Hauer SSP2

• Today (2025): 34,604 people
• By 2030: 35,095 · +1.4%
• By 2040: 35,691 · +3.1%
• By 2050: 35,869 · +3.7%
• By 2075: 36,103 · +4.3%
• By 2100: 32,798 · -5.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 5% Native American 2%
• Common ancestry: Portuguese 25% Scottish 4% Lithuanian 3%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Becker

• 2024 margin: Solid R (+33.1) · D 32.7% · R 65.8% · Other 1.5%
• 2008→2024 swing: -26.3pp toward R · 2008: -6.9pp · 2024: -33.1pp
• All cycles: 2024: R+33.1 2020: R+30.1 2016: R+33.2 2012: R+14.6 2008: R+6.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -222.40%
• Current HPI: 217.4973
• 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

+464.5% since first listed

15 events — show timeline

• 2026-06-09 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-06-03 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-26 Price Changed $239,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-27 Listed $245,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-06-16 Sold (Public Records) $200,000 Public Records
• 2022-06-13 Sold (MLS) $200,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-16 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-14 Listed $187,500 NORTHSTARMLS as Distributed by MLS Grid
• 2020-06-15 Sold (Public Records) $123,000 Public Records
• 2020-06-12 Sold (MLS) $123,000 NORTHSTARMLS as Distributed by MLS Grid
• 2020-04-27 Listed $128,500 NORTHSTARMLS as Distributed by MLS Grid
• 2005-05-23 Sold (Public Records) $101,000 Public Records
• 2001-12-14 Sold (Public Records) $57,500 Public Records
• 1994-03-17 Sold (Public Records) $17,000 Public Records
• 1994-02-07 Sold (Public Records) $42,500 Public Records

Property tax history

+4.3%/yr

Latest (2025): $958 · -0.2% YoY. Source: county tax records.