1000 Denmark Ave · Storden, MN 56174

$45,500

4 bd · 2.0 ba · 1,764 sqft · SingleFamily public records · 3 Days on market

Built 1941 0.29 ac lot ↓ 20% since listing

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.7/10.0
• Appreciation +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Four bedroom, two story home, one stall attached garage, natural woodwork throughout and 2 fireplaces. Nice kitchen and tons of room!

Key facts

• Large rooms
• Solid foundation
• Hardwood floors

Tags

• HARDWOOD FLOORS
• SOLID FOUNDATION
• LARGE ROOMS

Property features AI

Exterior

• Parking: Attached garage (1 car; approximately 14 x 24)
• Utilities: City water (connected); City sewer (connected); Natural gas fuel; Electric service with circuit breakers (100 amp)
• Home design: Residential property; One and one-half levels; Main-level primary bedroom
• Construction: Concrete construction materials; Asphalt roof; Block and poured concrete foundation; Foundation dimensions approximately 24 x 42; Year built not provided
• Exterior features: Patio; City street frontage

Interior

• Kitchen: Kitchen on main level
• Bedrooms: 5 bedrooms (some on main and upper levels; one bedroom located on the lower level labeled as Bedroom 5)
• Flooring: Hardwood floors
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Ceiling fans; Hardwood floors; Main floor primary bedroom; Patio; Partial, partially finished basement; Two fireplaces (one in the living room)
• Laundry & utility: Washer/dryer hookups likely (utility details not explicitly listed)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $46k.

Deal economics

• At list price, monthly cash flow is $697 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $46k).

Location & tenants

• Location reads 64/100 on livability (#597 in MN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: health & safety D+, crime D, schools D-.
• Red Rock Central School District (rural): math 63% / reading 69% proficiency, ranked #86 of 467 in MN (top 18%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 2 active listings in the ZIP; 29 units permitted in Cottonwood County in 2024 (15 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($315 loan paydown + $1k appreciation (3.0% local appreciation)).
• Cottonwood 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 $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 16y 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 $37k; 23% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; built in 1941 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $45,500

Questions for the listing agent

1. Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. 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.
7. 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.
8. 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: 2.92% ✓
• Cap rate: 24.67%
• Cash-on-cash: 65.65%
• DSCR: 3.92
• GRM: 2.8

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: 70.4%
• Equity multiple: 4.92×
• Total profit: $49,915
• Equity at exit: $20,459

10-year hold

• IRR: 69.9%
• Equity multiple: 10.07×
• Total profit: $115,552
• Equity at exit: $31,529

Cash invested: $12,740 (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 56174

• Active inventory: 2
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,331 medium
• Mortgage (P&I): −$239
• Tax from tax record: −$97 /mo · $1,160/yr
• Insurance: −$19
• HOA: −$0
• Vacancy / Maint / Mgmt: −$279
• Net cashflow: $697

Break-even live

Break-even rent $448

Max offer price $45,500

Occupancy floor 43%

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: $11,375
• Closing costs: $1,365
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-05-07
   status Pending
2. 2026-05-04
   listed $45,500 Active
3. 2013-04-15
   soldstatus $37,000
4. 2013-03-27
   soldstatus $37,000 133-char remark

   Show marketing remark (133 chars)

   Four bedroom, two story home, one stall attached garage, natural woodwork throughout and 2 fireplaces. Nice kitchen and tons of room!

5. 2012-12-04
   listed $39,900 133-char remark

   Show marketing remark (133 chars)

   Four bedroom, two story home, one stall attached garage, natural woodwork throughout and 2 fireplaces. Nice kitchen and tons of room!

6. 2010-10-15
   soldstatus $15,950 132-char remark

   Show marketing remark (132 chars)

   Four bedroom two story home, one stall attached garage, natural woodwork throughout and a wood burning fireplace in the living room.

7. 2010-06-01
   listed $21,900 132-char remark

   Show marketing remark (132 chars)

   Four bedroom two story home, one stall attached garage, natural woodwork throughout and a wood burning fireplace in the living room.

8. 2007-01-25
   soldstatus $57,000

ⓘ 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: $1,160 · $97/mo
• Projected year-2 tax: $1,160 · $97/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 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°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: $15,967
• − Mortgage interest: −$2,549
• − Property taxes: −$1,160
• − Insurance: −$228
• − Repairs & maintenance: −$1,277
• − Management: −$1,277
• − Depreciation: −$1,324
• Taxable income: $8,153
• Est. tax owed @ 24.0%: −$1,957
• After-tax cash flow: $6,407/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: Red Rock Central School District
• NCES district ID: 2700132
• Math proficiency: 63% ▼ -6.00%
• Reading proficiency: 69% ▼ -1.00%
• Median HH income: $48,743
• Composite: 57.29/100
• National rank: #2301
• State rank: #86 of 467 in MN

Livability — Storden

• Score: 64/100
• State rank: #597
• US rank: #14299

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Storden, MN
• Population (ZIP): 420

Population outlook (Cottonwood County) Hauer SSP2

• Today (2025): 11,130 people
• By 2030: 10,916 · -1.9%
• By 2040: 10,467 · -6.0%
• By 2050: 10,136 · -8.9%
• By 2075: 10,080 · -9.4%
• By 2100: 10,091 · -9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (95%)
• Race & ethnicity: White 95% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Portuguese 23% Lithuanian 9% Romanian 3%

Political lean MEDSL · Cottonwood

• 2024 margin: Solid R (+41.1) · D 28.6% · R 69.7% · Other 1.7%
• 2008→2024 swing: -34.5pp toward R · 2008: -6.6pp · 2024: -41.1pp
• All cycles: 2024: R+41.1 2020: R+38.2 2016: R+35.1 2012: R+15.1 2008: R+6.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

-20.2% since first listed

8 events — show timeline

• 2026-05-07 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-04 Listed $45,500 NORTHSTARMLS as Distributed by MLS Grid
• 2013-04-15 Sold (Public Records) $37,000 Public Records
• 2013-03-27 Sold (MLS) $37,000 NORTHSTARMLS as Distributed by MLS Grid
• 2012-12-04 Listed $39,900 NORTHSTARMLS as Distributed by MLS Grid
• 2010-10-15 Sold (MLS) $15,950 NORTHSTARMLS as Distributed by MLS Grid
• 2010-06-01 Listed $21,900 NORTHSTARMLS as Distributed by MLS Grid
• 2007-01-25 Sold (Public Records) $57,000 Public Records

Property tax history

+0.6%/yr

Latest (2025): $1,160 · +8.6% YoY. Source: county tax records.