331 Maple Ridge Ct · Detroit Lakes, MN 56501

$319,900

2 bd · 2.0 ba · 2,888 sqft · SingleFamily public records · 18 Days on market

Built 1997 0.52 ac lot

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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).

• Cash flow +14.1/30.0
• ARV discount +7.5/15.0
• DSCR +4.3/10.0
• Schools +4.0/10.0
• Livability +4.0/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tucked away on the hills of Shorewood Drive and less than 5 miles from downtown Detroit Lakes sits this one-level Twin Home on a quiet cul-de-sac. The home offers over 1400 sq ft of living space with 2 bedrooms and 2 full baths. Primary suite offers a private bathroom and a spacious walk-in closet. The main living area and the primary suite have vaulted ceilings. Kitchen area has enough room for a coffee table of small dining room table. No HOA fees and lawn care and snow removal is to find.

Key facts

• 0.52 acre lot
• 2 garage spots
• Built 1997

Property features AI

Finance

• Other: Property type: Residential; Lot size: 0.52 acres (approx. 37 x 46)
• Financial info: Mortgage type: Other

Exterior

• Parking: Attached garage; 2-car garage (approx. 19 x 22, 380 sq ft)
• Utilities: City water connected; City sewer connected; 200+ amp electrical service; Electric fuel source
• Home design: Residential attached property; One-level; Entry faces unspecified
• Construction: Block and frame construction; Asphalt roof; Poured concrete and slab foundation; Built area above grade: 1,444
• Exterior features: Vinyl exterior; Patio; Irregular lot; Publicly maintained road

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Kitchen window; Eat-in kitchen and breakfast area
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms (including a primary full bath and a main floor full bath)
• Heating & cooling: Baseboard heating; No central air conditioning
• Interior features: Vaulted ceilings; Cable ready; Washer/Dryer hookup; Walk-in closet; Primary bedroom walk-in closet; Patio access
• Laundry & utility: Dedicated laundry room; Washer/Dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $320k.

Deal economics

• At list price, monthly cash flow is $46 ($551/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $257k (19.6% below list).
• Recommended offer: $257k (19.6% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 5.2% in Detroit Lakes — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: 301 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 $10k 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.

Negotiation context

• It's been on market 18 days — a 2% lower offer ($315k) is reasonable based on typical stale-listing flexibility.

Recommended offer $257,315 (19.6% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. 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?
3. 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?
4. 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.
5. 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.
6. 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: 0.80% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.62%
• DSCR: 1.03
• GRM: 10.4

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: -15.4%
• Equity multiple: 0.45×
• Total profit: $-49,012
• Equity at exit: $47,698

10-year hold

• IRR: -6.9%
• Equity multiple: 0.56×
• Total profit: $-39,316
• Equity at exit: $27,659

Cash invested: $89,572 (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: 301
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $2,573 medium
• Mortgage (P&I): −$1,678
• Tax from tax record: −$176 /mo · $2,112/yr
• Insurance: −$133
• HOA: −$0
• Vacancy / Maint / Mgmt: −$540
• Net cashflow: $46

Break-even live

Break-even rent $2,515

Max offer price $319,900

Occupancy floor 93%

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: $79,975
• Closing costs: $9,597
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-18
   days on market $319,900 Active 18 DOM
2. 2026-06-17
   days on market $319,900 Active 17 DOM
3. 2026-06-16
   days on market $319,900 Active 16 DOM
4. 2026-06-15
   days on market $319,900 Active 15 DOM
5. 2026-06-13
   days on market $319,900 Active 13 DOM
6. 2026-06-12
   days on market $319,900 Active 12 DOM
7. 2026-06-09
   days on market $319,900 Active 9 DOM
8. 2026-06-08
   days on market $319,900 Active 8 DOM
9. 2026-06-07
   days on market $319,900 Active 7 DOM
10. 2026-06-07
    days on market $319,900 Active 6 DOM
11. 2026-06-04
    days on market $319,900 Active 3 DOM
12. 2026-06-02
    days on market $319,900 Active 2 DOM
13. 2026-06-01
    statusdays on market $319,900 Active 1 DOM
14. 2026-05-31
    days on market $319,900 Coming Soon 10 DOM
15. 2026-05-31
    days on market $319,900 Coming Soon 9 DOM
16. 2026-05-21
    historical $319,900
17. 2026-05-21
    historical
18. 2026-05-21
    historical
19. 2024-08-01
    soldstatus $300,000 Sold 501-char remark

    Show marketing remark (501 chars)

    Tucked away on the hills of Shorewood Drive and less than 5 miles from downtown Detroit Lakes sits this one-level Twin Home on a quiet cul-de-sac. The home offers over 1400 sq ft of living space with 2 bedrooms and 2 full baths. Primary suite offers a private bathroom and a spacious walk-in closet. The main living area and the primary suite have vaulted ceilings. Kitchen area has enough room for a coffee table of small dining room table. No HOA fees and lawn care and snow removal is to find.

20. 2024-07-22
    status Pending 501-char remark

    Show marketing remark (501 chars)

    Tucked away on the hills of Shorewood Drive and less than 5 miles from downtown Detroit Lakes sits this one-level Twin Home on a quiet cul-de-sac. The home offers over 1400 sq ft of living space with 2 bedrooms and 2 full baths. Primary suite offers a private bathroom and a spacious walk-in closet. The main living area and the primary suite have vaulted ceilings. Kitchen area has enough room for a coffee table of small dining room table. No HOA fees and lawn care and snow removal is to find.

21. 2024-07-08
    historical Contingent - Inspection 501-char remark

    Show marketing remark (501 chars)

    Tucked away on the hills of Shorewood Drive and less than 5 miles from downtown Detroit Lakes sits this one-level Twin Home on a quiet cul-de-sac. The home offers over 1400 sq ft of living space with 2 bedrooms and 2 full baths. Primary suite offers a private bathroom and a spacious walk-in closet. The main living area and the primary suite have vaulted ceilings. Kitchen area has enough room for a coffee table of small dining room table. No HOA fees and lawn care and snow removal is to find.

22. 2024-06-04
    listed $314,900 Active 501-char remark

    Show marketing remark (501 chars)

    Tucked away on the hills of Shorewood Drive and less than 5 miles from downtown Detroit Lakes sits this one-level Twin Home on a quiet cul-de-sac. The home offers over 1400 sq ft of living space with 2 bedrooms and 2 full baths. Primary suite offers a private bathroom and a spacious walk-in closet. The main living area and the primary suite have vaulted ceilings. Kitchen area has enough room for a coffee table of small dining room table. No HOA fees and lawn care and snow removal is to find.

ⓘ 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: $2,112 · $176/mo
• Projected year-2 tax: $2,847 · $237/mo
• Expected delta: +$735/yr (+$61/mo · 34.8%)

ⓘ 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 4/10 Moderate
• 🌡 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: $30,878
• − Mortgage interest: −$17,919
• − Property taxes: −$2,112
• − Insurance: −$1,600
• − Repairs & maintenance: −$2,470
• − Management: −$2,470
• − Depreciation: −$9,306
• Taxable loss: −$5,000
• Est. tax savings @ 24.0%: +$1,200
• After-tax cash flow: $1,751/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

+1.6% since first listed

7 events — show timeline

• 2026-05-21 Coming Soon $319,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-21 Coming Soon — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-21 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-01 Sold (MLS) $300,000 NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-22 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-08 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2024-06-04 Listed $314,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

-5.8%/yr

Latest (2025): $2,112 · -49.5% YoY. Source: county tax records.