1318 Landmark Trl N · Hopkins, MN 55343

$225,000

3 bd · 2.0 ba · 1,284 sqft · Townhouse public records · 20 Days on market

Built 1973 1,306 sqft lot $175/sqft · 44% below area Est $410k · 45% under $425/mo HOA · 20% of rent

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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).

• ARV discount +15.0/15.0
• Cash flow +7.6/30.0
• 1% rule +4.6/10.0
• Schools +4.6/10.0
• Livability +4.0/5.0
• Rent growth +3.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Updated 3 bedroom with 3 baths, newer carpeting and new decorating. Central air, 2 fplcs and double garage. Spacious rooms will add to your enjoyment.

Key facts

• Updated hvac system
• Newer appliances
• Private patio

Tags

• PRIVATE PATIO
• WOOD BURNING FIREPLACE
• UPDATED HVAC SYSTEM
• NEWER APPLIANCES
• ACCESS TO SWIMMING POOL
• EASY ACCESS TO LIGHT RAIL

Property features AI

Finance

• Financial info: Financing type: Conventional
• HOA & community: Part of Westbrooke Patio Home HOA; Monthly association fee of $425; HOA covers hazard insurance, lawn care, grounds maintenance, professional management, recreation facility, sewer, snow removal, and water

Exterior

• Parking: 2-car garage
• Utilities: City water (connected); City sewer (connected); Natural gas; Electric service with circuit breakers
• Home design: Attached residential property; Two levels; Main living area on one level (3 bedrooms on one level noted); Facing direction not provided
• Construction: Block construction; Asphalt roof; Block foundation (708 foundation area); Built area above grade: 1,320
• Exterior features: Enclosed patio / patio; Stucco and vinyl exterior; Wood fencing; Patio included

Interior

• Kitchen: Dishwasher; Refrigerator; Stainless steel appliances; Exhaust fan
• Bedrooms: 3 bedrooms (primary on main level; two additional bedrooms on upper level)
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom on upper level; 1 half bathroom on main level
• Heating & cooling: Forced air heating; Fireplace heating; Central air conditioning
• Interior features: Living/dining room combination; Wood-burning fireplace in the living room; Water softener (owned)
• Laundry & utility: Laundry room with washer hookup; Electric dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $225k.

Deal economics

• At list price, monthly cash flow is $-271 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $177k (21.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $215k (4.3% below list).
• Recommended offer: $177k (21.3% below list) — sets the bar for cash-flow.
• Cap rate 4.8% vs local median 3.2% in Hopkins — 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 81/100 on livability (#58 in MN, #1,382 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, amenities A-.
• Hopkins Public School District (suburban): math 48% / reading 57% proficiency, ranked #75 of 301 in MN (top 25%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Gatewood Elementary (math 37% / reading 42%, grade F, #604 of 857 statewide, top 74%, 413 students, 65% FRL); Hopkins West Junior High (math 62% / reading 72%, grade A-, #11 of 258 statewide, top 5%, 592 students, 47% FRL); Hopkins Senior High (math 52% / reading 63%, grade C, #59 of 471 statewide, top 13%, 1,491 students, 40% FRL) — zoned schools average 51% FRL vs 29% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.0%/yr); 134 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 4,651 units permitted in Hennepin County in 2024 (2,443 in 5+ unit buildings).
• This rent runs 31% of the median local income ($83k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Hennepin County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 15y 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 $60k; list at $225k implies a 275% gain — meaningful room to come down on a strong offer.

Recommended offer $177,086 (21.3% 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 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.96% ✗
• Cap rate: 4.85%
• Cash-on-cash: -5.17%
• DSCR: 0.77
• GRM: 8.7

CMA / ARV

• ARV (median comp): $410,259
• List price: $225,000
• Delta: -39.31%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5415 Pompano Dr	0.53mi	2/2.0 (-1)	1,436 (+12%)	17mo	$295,000	$205	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 4.0% rent growth · sell at horizon

5-year hold

• IRR: -23.5%
• Equity multiple: 0.19×
• Total profit: $-51,259
• Equity at exit: $33,548

10-year hold

• IRR: -14.8%
• Equity multiple: 0.10×
• Total profit: $-56,547
• Equity at exit: $19,454

Cash invested: $63,000 (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 55343

• Rents YoY: 4.0%
• Active inventory: 134
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $2,153 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$273 /mo · $3,277/yr
• Insurance: −$94
• HOA: −$425
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $-271

Break-even live

Break-even rent $2,496

Max offer price $177,086

Occupancy floor —

Sensitivity live

Price	-10% $-144	-5% $-208	+0% $-271	+5% $-335	+10% $-399
Rent	-10% $-441	-5% $-356	+0% $-271	+5% $-186	+10% $-101
Rate	-1.0pp $-158	-0.5pp $-214	base $-271	+0.5pp $-330	+1.0pp $-389

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
932 Westbrooke Way #8 Hopkins, MN	2.0	1.0	918	$1,375	$1.50	6d	1	0.37mi
942 Westbrooke Way #1 Hopkins, MN	2.0	1.0	918	$1,550	$1.69	19d	1	0.39mi
1007 11th Ave S Unit 1007-4 Hopkins, MN	2.0	1.0	920	$1,450	$1.58	14d	1	0.42mi
10745 Smetana Rd Minnetonka, MN	2.0	1.0–2.0	811	$1,725	$2.13	1d	19	0.47mi
50 8th Ave S Hopkins, MN	2.0	1.0–2.0	906	$2,280	$2.52	1d	9	0.80mi
1118 Mainstreet Hopkins, MN	2.0	1.0–2.0	774	$3,345	$4.32	0d	17	0.84mi
2088 Mainstreet Hopkins, MN	2.0	2.5	1800	$2,495	$1.39	22d	1	0.93mi
11001 Bren Rd E Hopkins, MN	1.0–3.0	1.0–2.0	1001	$1,854	$1.85	1d	26	0.93mi
4312 Shady Oak Rd S Hopkins, MN	2.0	1.0–2.0	776	$2,245	$2.89	1d	4	1.09mi
11050 Red Circle Dr Hopkins, MN	3.0	1.0–2.0	1110	$4,032	$3.63	0d	52	1.12mi
10702 Red Circle Dr Minnetonka, MN	3.0	1.0–3.0	953	$4,317	$4.53	0d	137	1.14mi
10950 Red Circle Dr Hopkins, MN	2.0	1.0–2.0	876	$2,670	$3.05	0d	17	1.22mi
5995 Lincoln Dr Minneapolis, MN	2.0	1.0–2.0	1008	$3,096	$3.07	0d	16	1.36mi
6100 Chasewood Pkwy Minnetonka, MN	1.0–2.0	2.0	868	$1,810	$2.09	5d	3	1.37mi

HOA detail

• Monthly dues: $425 · $5,100/yr

Listing history 21 events

1. 2026-06-18
   status $225,000 Pending 20 DOM
2. 2026-06-18
   days on market $225,000 Active 20 DOM
3. 2026-06-17
   days on market $225,000 Active 19 DOM
4. 2026-06-16
   days on market $225,000 Active 18 DOM
5. 2026-06-15
   days on market $225,000 Active 17 DOM
6. 2026-06-13
   days on market $225,000 Active 15 DOM
7. 2026-06-13
   days on market $225,000 Active 14 DOM
8. 2026-06-09
   days on market $225,000 Active 11 DOM
9. 2026-06-08
   days on market $225,000 Active 10 DOM
10. 2026-06-07
    days on market $225,000 Active 9 DOM
11. 2026-06-04
    days on market $225,000 Active 6 DOM
12. 2026-06-03
    days on market $225,000 Active 5 DOM
13. 2026-06-02
    days on market $225,000 Active 4 DOM
14. 2026-06-01
    days on market $225,000 Active 3 DOM
15. 2026-05-31
    days on market $225,000 Active 2 DOM
16. 2026-04-29
    listed $249,000 Active 986-char remark
17. 2026-04-27
    historical $249,000 986-char remark
18. 2012-03-15
    soldstatus $60,000
19. 2012-03-09
    soldstatus $60,000 150-char remark

    Show marketing remark (150 chars)

    Updated 3 bedroom with 3 baths, newer carpeting and new decorating. Central air, 2 fplcs and double garage. Spacious rooms will add to your enjoyment.

20. 2012-01-17
    historical 150-char remark

    Show marketing remark (150 chars)

    Updated 3 bedroom with 3 baths, newer carpeting and new decorating. Central air, 2 fplcs and double garage. Spacious rooms will add to your enjoyment.

21. 2011-08-26
    listed $69,900 150-char remark

    Show marketing remark (150 chars)

    Updated 3 bedroom with 3 baths, newer carpeting and new decorating. Central air, 2 fplcs and double garage. Spacious rooms will add to your enjoyment.

ⓘ 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: $3,277 · $273/mo
• Projected year-2 tax: $3,277 · $273/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 ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,830
• − Mortgage interest: −$12,603
• − Property taxes: −$3,277
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,066
• − Management: −$2,066
• − HOA: −$5,100
• − Depreciation: −$6,545
• Taxable loss: −$6,953
• Est. tax savings @ 24.0%: +$1,669
• After-tax cash flow: $-1,586/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: Hopkins Public School District
• NCES district ID: 2714260
• Math proficiency: 48% ▼ -6.00%
• Reading proficiency: 57% ▼ -2.00%
• Median HH income: $66,915
• Composite: 46.44/100
• National rank: #2448
• State rank: #75 of 301 in MN

Livability — Hopkins

• Score: 81/100
• State rank: #58
• US rank: #1382

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hopkins, MN
• County: Hennepin County · 1,150,272 people
• City population: 27,102
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 27,102
• Household income: $83,143
• Rent vs Own: 53.5% rent · 46.5% own
• Severe rent burden: 1514.0

Population outlook (Hennepin County) Hauer SSP2

• Today (2025): 1,405,227 people
• By 2030: 1,492,650 · +6.2%
• By 2040: 1,660,157 · +18.1%
• By 2050: 1,823,498 · +29.8%
• By 2075: 2,221,283 · +58.1%
• By 2100: 2,509,976 · +78.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Black 17% Two or more races 10% Hispanic / Latino 4% Asian 4%
• Common ancestry: Portuguese 10% Romanian 4% Scottish 3%
• Foreign-born: 12% · Canada, United Kingdom
• Languages at home: 85% English-only · Spanish 3% French/Haitian/Cajun 2% Other Asian/Pacific 2%

Political lean MEDSL · Hennepin

• 2024 margin: Solid D (+42.6) · D 70.2% · R 27.5% · Other 2.3%
• 2008→2024 swing: +14.0pp toward D · 2008: 28.6pp · 2024: 42.6pp
• All cycles: 2024: D+42.6 2020: D+43.2 2016: D+35.3 2012: D+27.1 2008: D+28.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -223.01%
• Current HPI: 252.3059
• Rent YoY: ▲ 4.00%
• 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

+221.9% since first listed

8 events — show timeline

• 2026-05-29 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-29 Listed $225,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-29 Listed $249,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-27 Coming Soon — NORTHSTARMLS as Distributed by MLS Grid
• 2012-03-15 Sold (Public Records) $60,000 Public Records
• 2012-03-09 Sold (MLS) $60,000 NORTHSTARMLS as Distributed by MLS Grid
• 2012-01-17 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2011-08-26 Listed $69,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

-1.6%/yr

Latest (2025): $3,277 · +6.2% YoY. Source: county tax records.