44375 60th St · Rome, MN 56013

$1

4 bd · 2.0 ba · 1,912 sqft · SingleFamily public records · 6 Days on market

Built 1926 2.26 ac lot

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Why this score? — see what drove the C- 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 +15.0/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Escape to this 4-bedroom, 2-bath home acreage in a peaceful rural setting. The main floor boasts a master bedroom, laundry, full bath, kitchen, large family room, living room, three-season porch, and spacious dining area perfect for gatherings, with a deck extending your living space outdoors. With a double attached garage and 36x60 quonset, there’s room for vehicles, tools, and toys. Three upstairs bedrooms share a second bath, offering flexibility for family or guests. This property blends convenience and countryside, just a 10 mile drive to Blue Earth. Schedule a visit today!

Key facts

• 2.26 acre lot
• 2 garage spots
• Built 1926

Property features AI

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Well water; Septic system (not compliant); Propane
• Home design: Residential property; One and one-half levels; Block foundation
• Construction: Block foundation area approximately 1,268
• Exterior features: Deck; Barn(s); Storage shed; Lot measures approximately 2.26 acres (dimensions 248 x 398)

Interior

• Kitchen: Deck access (amenity associated with living areas)
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Full basement; One fireplace
• Laundry & utility: Propane fuel

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $1.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $1).

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Blue Earth Area Public School (town): math 29% / reading 44% proficiency, ranked #245 of 301 in MN (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 36 active listings in the ZIP; 4 units permitted in Faribault County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Faribault County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (10.0% appreciation + 3.0% rent growth), your $0 cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 14y 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.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $1

Questions for the listing agent

1. Built in 1926 — 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: 131025.00% ✓
• Cap rate: 1242115.00%
• Cash-on-cash: 4436102.53%
• DSCR: 197382.60
• GRM: 0.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 235521.65×
• Total profit: $65,946
• Equity at exit: $1

10-year hold

• IRR: —
• Equity multiple: 508556.17×
• Total profit: $142,395
• Equity at exit: $2

Cash invested: $0 (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 56013

• Home prices YoY: 6.7%
• Active inventory: 36

Monthly cashflow live

• Estimated rent: $1,310 medium
• Mortgage (P&I): −$0
• Tax est. 1.5%: −$0 /mo · $0/yr
• Insurance: −$0
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $1,035

Break-even live

Break-even rent —

Max offer price $1

Occupancy floor 16%

Sensitivity live

Price	-10% $1,035	-5% $1,035	+0% $1,035	+5% $1,035	+10% $1,035
Rent	-10% $932	-5% $983	+0% $1,035	+5% $1,087	+10% $1,139
Rate	-1.0pp $1,035	-0.5pp $1,035	base $1,035	+0.5pp $1,035	+1.0pp $1,035

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: $0
• Closing costs: $0
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-06-21
   days on market $1 Active 6 DOM
2. 2026-06-18
   days on market $1 Active 4 DOM
3. 2026-06-17
   days on market $1 Active 3 DOM
4. 2026-06-16
   days on market $1 Active 2 DOM
5. 2026-06-15
   remarks 32-char remark
6. 2026-06-15
   listed $1 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,723
• − Mortgage interest: −$0
• − Property taxes: −$0
• − Insurance: −$0
• − Repairs & maintenance: −$1,258
• − Management: −$1,258
• − Depreciation: −$0
• Taxable income: $13,207
• Est. tax owed @ 24.0%: −$3,170
• After-tax cash flow: $9,251/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: Blue Earth Area Public School
• NCES district ID: 2700130
• Math proficiency: 29% ▼ -19.00%
• Reading proficiency: 44% ▼ -10.00%
• Median HH income: $44,434
• Composite: 31.0/100
• National rank: #6095
• State rank: #245 of 301 in MN

Livability — Rome

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

Census & demographics

• Population (ZIP): 4,534

Population outlook (Faribault County) Hauer SSP2

• Today (2025): 13,474 people
• By 2030: 13,112 · -2.7%
• By 2040: 12,454 · -7.6%
• By 2050: 11,973 · -11.1%
• By 2075: 11,565 · -14.2%
• By 2100: 10,844 · -19.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 10% Two or more races 7% Asian 1%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Portuguese 23% Scottish 5% Iranian 3%
• Foreign-born: 3% · Canada
• Languages at home: 92% English-only · Spanish 6% Other Asian/Pacific 1%

Political lean MEDSL · Faribault

• 2024 margin: Solid R (+37.4) · D 30.4% · R 67.8% · Other 1.8%
• 2008→2024 swing: -31.8pp toward R · 2008: -5.6pp · 2024: -37.4pp
• All cycles: 2024: R+37.4 2020: R+33.6 2016: R+34.1 2012: R+9.1 2008: R+5.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 15.36%
• Current HPI: 244.2912
• 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

+110.0% since first listed

9 events — show timeline

• 2026-06-14 Listed $1 NORTHSTARMLS as Distributed by MLS Grid
• 2025-05-19 Sold (Public Records) $210,000 Public Records
• 2025-05-01 Sold (MLS) $210,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-04-07 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2025-03-21 Listed $204,999 NORTHSTARMLS as Distributed by MLS Grid
• 2013-07-03 Sold (Public Records) $114,900 Public Records
• 2013-06-28 Sold (MLS) $114,900 NORTHSTARMLS as Distributed by MLS Grid
• 2012-09-11 Listed $119,900 NORTHSTARMLS as Distributed by MLS Grid
• 2002-06-12 Sold (Public Records) $100,000 Public Records

Property tax history

+18.8%/yr

Latest (2025): $3,386 · -0.4% YoY. Source: county tax records.