14530 112th Ave N · Dayton, MN 55369

$354,900

3 bd · 3.0 ba · 1,906 sqft · Townhouse · 42 Days on market

Built 2022 Fair condition 2,178 sqft lot $186/sqft · 11% below area Est $397k · 11% under $370/mo HOA · 13% 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 +12.3/15.0
• Cash flow +7.3/30.0
• Schools +4.7/10.0
• Livability +3.5/5.0
• 1% rule +3.1/10.0
• Rent growth +3.1/5.0
• Condition / age +2.2/5.0
• DSCR +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

***Ask how you can qualify for 4.75% financing or savings up to $8,000 by using Seller’s Preferred Lender*** Buy new for a peace of mind and warranties! Welcome to Dayton's newest townhome community, Sundance Greens! This community is located right beside Elm Creek Park Reserve, which has acres of woodlands with hiking, swimming, disc golf, plus it's just down the road from the Mississippi River. Residents also have quick access to I-94, Highway 610, and CR-81. This beautiful brand new end unit townhome is available for a quick closing! This home offers 3 bedrooms, a private 3/4 owners bath, and a full upper level bath. The large loft offers a great space for a workstation or play area - you will love the spacious floorplan! Tons of storage and workspace are available in the well-appointed kitchen that features quartz countertops and ceramic tile backsplash. The open plan is family friendly and great for entertaining. All kitchen appliances and window blinds are included!

Key facts

• Quartz countertops
• Large center island
• Lvp flooring

Tags

• LVP FLOORING
• WHITE ENAMELED CABINETRY
• QUARTZ COUNTERTOPS
• CERAMIC TILE BACKSPLASH
• STAINLESS STEEL APPLIANCES
• LARGE CENTER ISLAND

Property features AI

Finance

• HOA & community: Has HOA (Associa); Monthly HOA fee of $370; HOA covers hazard insurance, lawn care, grounds maintenance, professional management, recreation facility, shared amenities, and snow removal

Exterior

• Parking: Attached garage; 2-car garage (approximately 20 x 20)
• Utilities: City water (connected); City sewer (connected); Natural gas
• Home design: Residential attached property; Two levels; Main living area on a primary level (listed main level finished area equals total living area)
• Construction: Slab foundation; Asphalt roof (age 8 years or less)
• Exterior features: Vinyl exterior; Patio; City street frontage; Publicly maintained road

Interior

• Kitchen: Microwave; Range; Refrigerator; Stainless steel appliances
• Bedrooms: Three bedrooms (two upper-level bedrooms and one main-level bedroom listed in rooms); Loft on upper level
• Bathrooms: One full bath (upper level); One three-quarter bath (upper level); One half bath (main level)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Informal dining area; Walk-in closet; Water softener (owned); Electric fireplace
• Laundry & utility: Dedicated laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $355k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $-467 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $272k (23.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $286k (19.4% below list).
• Recommended offer: $272k (23.3% below list) — sets the bar for cash-flow.
• Cap rate 4.7% vs local median 2.5% in Dayton — 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 70/100 on livability (#337 in MN) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Anoka-Hennepin Public School District (suburban): math 49% / reading 55% proficiency, ranked #71 of 301 in MN (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+2.3%/yr); 382 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 4,651 units permitted in Hennepin County in 2024 (2,443 in 5+ unit buildings).
• This rent runs 31% of the median local income ($112k/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 $11k 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 42 days — a 3% lower offer ($344k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $20k (5%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $272,340 (23.3% 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. It's been on market 42 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
3. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-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?
7. 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?
8. 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.
9. 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.
10. 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: 0.81% ✗
• Cap rate: 4.71%
• Cash-on-cash: -5.64%
• DSCR: 0.75
• GRM: 10.3

CMA / ARV

• ARV (median comp): $396,856
• List price: $354,900
• Delta: -10.57%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.26% rent growth · sell at horizon

5-year hold

• IRR: -26.8%
• Equity multiple: 0.10×
• Total profit: $-89,178
• Equity at exit: $52,917

10-year hold

• IRR: -27.1%
• Equity multiple: -0.24×
• Total profit: $-123,671
• Equity at exit: $30,685

Cash invested: $99,372 (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 55369

• Rents YoY: 2.3%
• Active inventory: 382
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $2,862 medium
• Mortgage (P&I): −$1,861
• Tax from tax record: −$349 /mo · $4,192/yr
• Insurance: −$148
• HOA: −$370
• Vacancy / Maint / Mgmt: −$601
• Net cashflow: $-467

Break-even live

Break-even rent $3,454

Max offer price $272,340

Occupancy floor —

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: $88,725
• Closing costs: $10,647
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10339 Orchid Ln N Maple Grove, MN	2.0–4.0	2.5	1591	$3,298	$2.07	2d	17	0.63mi
10531 Harbor Ln N Unit 1 Maple Grove, MN	3.0	3.0	1719	$2,700	$1.57	44d	1	0.93mi
10534 Harbor Ln N Maple Grove, MN	3.0	2.5	1800	$2,795	$1.55	12d	1	0.94mi
14473 103rd Pl N Maple Grove, MN	3.0	3.0	1899	$3,145	$1.66	2d	1	1.18mi

HOA detail

• Monthly dues: $370 · $4,440/yr

Listing history 27 events

1. 2026-06-18
   days on market $354,900 Active 42 DOM
2. 2026-06-17
   days on market $354,900 Active 41 DOM
3. 2026-06-16
   days on market $354,900 Active 40 DOM
4. 2026-06-15
   days on market $354,900 Active 39 DOM
5. 2026-06-13
   days on market $354,900 Active 37 DOM
6. 2026-06-13
   days on market $354,900 Active 36 DOM
7. 2026-06-09
   days on market $354,900 Active 33 DOM
8. 2026-06-08
   days on market $354,900 Active 32 DOM
9. 2026-06-07
   days on market $354,900 Active 31 DOM
10. 2026-06-04
    days on market $354,900 Active 28 DOM
11. 2026-06-03
    days on market $354,900 Active 27 DOM
12. 2026-06-02
    days on market $354,900 Active 26 DOM
13. 2026-06-02
    price $354,900 Active 25 DOM
14. 2026-06-01
    days on market $364,900 Active 25 DOM
15. 2026-05-31
    days on market $364,900 Active 24 DOM
16. 2026-05-16
    price $364,900 1282-char remark
17. 2026-05-07
    listed $375,000 Active 1282-char remark
18. 2023-10-20
    soldstatus $367,991
19. 2023-10-18
    soldstatus $367,990 Sold 993-char remark

    Show marketing remark (993 chars)

    ***Ask how you can qualify for 4.75% financing or savings up to $8,000 by using Seller’s Preferred Lender*** Buy new for a peace of mind and warranties! Welcome to Dayton's newest townhome community, Sundance Greens! This community is located right beside Elm Creek Park Reserve, which has acres of woodlands with hiking, swimming, disc golf, plus it's just down the road from the Mississippi River. Residents also have quick access to I-94, Highway 610, and CR-81. This beautiful brand new end unit townhome is available for a quick closing! This home offers 3 bedrooms, a private 3/4 owners bath, and a full upper level bath. The large loft offers a great space for a workstation or play area - you will love the spacious floorplan! Tons of storage and workspace are available in the well-appointed kitchen that features quartz countertops and ceramic tile backsplash. The open plan is family friendly and great for entertaining. All kitchen appliances and window blinds are included!

20. 2023-09-17
    status Pending 993-char remark

    Show marketing remark (993 chars)

    ***Ask how you can qualify for 4.75% financing or savings up to $8,000 by using Seller’s Preferred Lender*** Buy new for a peace of mind and warranties! Welcome to Dayton's newest townhome community, Sundance Greens! This community is located right beside Elm Creek Park Reserve, which has acres of woodlands with hiking, swimming, disc golf, plus it's just down the road from the Mississippi River. Residents also have quick access to I-94, Highway 610, and CR-81. This beautiful brand new end unit townhome is available for a quick closing! This home offers 3 bedrooms, a private 3/4 owners bath, and a full upper level bath. The large loft offers a great space for a workstation or play area - you will love the spacious floorplan! Tons of storage and workspace are available in the well-appointed kitchen that features quartz countertops and ceramic tile backsplash. The open plan is family friendly and great for entertaining. All kitchen appliances and window blinds are included!

21. 2023-09-07
    price $367,990 993-char remark

    Show marketing remark (993 chars)

    ***Ask how you can qualify for 4.75% financing or savings up to $8,000 by using Seller’s Preferred Lender*** Buy new for a peace of mind and warranties! Welcome to Dayton's newest townhome community, Sundance Greens! This community is located right beside Elm Creek Park Reserve, which has acres of woodlands with hiking, swimming, disc golf, plus it's just down the road from the Mississippi River. Residents also have quick access to I-94, Highway 610, and CR-81. This beautiful brand new end unit townhome is available for a quick closing! This home offers 3 bedrooms, a private 3/4 owners bath, and a full upper level bath. The large loft offers a great space for a workstation or play area - you will love the spacious floorplan! Tons of storage and workspace are available in the well-appointed kitchen that features quartz countertops and ceramic tile backsplash. The open plan is family friendly and great for entertaining. All kitchen appliances and window blinds are included!

22. 2023-08-17
    price $369,990 993-char remark

    Show marketing remark (993 chars)

    ***Ask how you can qualify for 4.75% financing or savings up to $8,000 by using Seller’s Preferred Lender*** Buy new for a peace of mind and warranties! Welcome to Dayton's newest townhome community, Sundance Greens! This community is located right beside Elm Creek Park Reserve, which has acres of woodlands with hiking, swimming, disc golf, plus it's just down the road from the Mississippi River. Residents also have quick access to I-94, Highway 610, and CR-81. This beautiful brand new end unit townhome is available for a quick closing! This home offers 3 bedrooms, a private 3/4 owners bath, and a full upper level bath. The large loft offers a great space for a workstation or play area - you will love the spacious floorplan! Tons of storage and workspace are available in the well-appointed kitchen that features quartz countertops and ceramic tile backsplash. The open plan is family friendly and great for entertaining. All kitchen appliances and window blinds are included!

23. 2023-08-03
    price $373,990 993-char remark

    Show marketing remark (993 chars)

    ***Ask how you can qualify for 4.75% financing or savings up to $8,000 by using Seller’s Preferred Lender*** Buy new for a peace of mind and warranties! Welcome to Dayton's newest townhome community, Sundance Greens! This community is located right beside Elm Creek Park Reserve, which has acres of woodlands with hiking, swimming, disc golf, plus it's just down the road from the Mississippi River. Residents also have quick access to I-94, Highway 610, and CR-81. This beautiful brand new end unit townhome is available for a quick closing! This home offers 3 bedrooms, a private 3/4 owners bath, and a full upper level bath. The large loft offers a great space for a workstation or play area - you will love the spacious floorplan! Tons of storage and workspace are available in the well-appointed kitchen that features quartz countertops and ceramic tile backsplash. The open plan is family friendly and great for entertaining. All kitchen appliances and window blinds are included!

24. 2023-05-21
    listed $407,950 Active 993-char remark

    Show marketing remark (993 chars)

    ***Ask how you can qualify for 4.75% financing or savings up to $8,000 by using Seller’s Preferred Lender*** Buy new for a peace of mind and warranties! Welcome to Dayton's newest townhome community, Sundance Greens! This community is located right beside Elm Creek Park Reserve, which has acres of woodlands with hiking, swimming, disc golf, plus it's just down the road from the Mississippi River. Residents also have quick access to I-94, Highway 610, and CR-81. This beautiful brand new end unit townhome is available for a quick closing! This home offers 3 bedrooms, a private 3/4 owners bath, and a full upper level bath. The large loft offers a great space for a workstation or play area - you will love the spacious floorplan! Tons of storage and workspace are available in the well-appointed kitchen that features quartz countertops and ceramic tile backsplash. The open plan is family friendly and great for entertaining. All kitchen appliances and window blinds are included!

25. 2023-05-21
    historical

    Show marketing remark (993 chars)

    ***Ask how you can qualify for 4.75% financing or savings up to $8,000 by using Seller’s Preferred Lender*** Buy new for a peace of mind and warranties! Welcome to Dayton's newest townhome community, Sundance Greens! This community is located right beside Elm Creek Park Reserve, which has acres of woodlands with hiking, swimming, disc golf, plus it's just down the road from the Mississippi River. Residents also have quick access to I-94, Highway 610, and CR-81. This beautiful brand new end unit townhome is available for a quick closing! This home offers 3 bedrooms, a private 3/4 owners bath, and a full upper level bath. The large loft offers a great space for a workstation or play area - you will love the spacious floorplan! Tons of storage and workspace are available in the well-appointed kitchen that features quartz countertops and ceramic tile backsplash. The open plan is family friendly and great for entertaining. All kitchen appliances and window blinds are included!

26. 2023-05-07
    listed $407,950 Active
27. 2022-12-20
    soldstatus $1,679,624

ⓘ 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: $4,192 · $349/mo
• Projected year-2 tax: $4,192 · $349/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 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,344
• − Mortgage interest: −$19,880
• − Property taxes: −$4,192
• − Insurance: −$1,774
• − Repairs & maintenance: −$2,748
• − Management: −$2,748
• − HOA: −$4,440
• − Depreciation: −$10,324
• Taxable loss: −$11,762
• Est. tax savings @ 24.0%: +$2,823
• After-tax cash flow: $-2,785/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.

Condition & rehab AI · 1 photo

Fair 45/100 Moderate rehab

This townhome is in fair condition with good interior and exterior features. It requires minor landscaping and paint touch-ups to enhance its appeal and value.

Repairs flagged

• Minor Landscaping — Some areas of the lawn appear slightly overgrown

Value-add opportunities

• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more buyers or renters
• Both Interior paint touch-ups — Fresh paint can make the home feel more inviting and modern

Renovation cost estimate screening

Repair item	Severity	Est. cost
Landscaping · Some areas of the lawn appear slightly overgrown	Minor	$500–3,000
Total estimated repair cost · 1 items		$500–3,000

Value-add ROI direction

• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more buyers or renters ↑
• Both Interior paint touch-ups — Fresh paint can make the home feel more inviting and modern ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Anoka-Hennepin Public School District
• NCES district ID: 2703180
• Math proficiency: 49% ▼ -14.00%
• Reading proficiency: 55% ▼ -10.00%
• Median HH income: $73,837
• Composite: 46.7/100
• National rank: #2400
• State rank: #71 of 301 in MN

Livability — Dayton

• Score: 70/100
• State rank: #337
• US rank: #7753

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dayton, MN
• County: Hennepin County · 1,150,272 people
• City population: 5,542
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 39,290
• Household income: $112,144
• Rent vs Own: 24.1% rent · 75.9% own
• Severe rent burden: 718.0

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 (76%)
• Race & ethnicity: White 76% Two or more races 7% Black 6% Asian 6% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Portuguese 10% Romanian 6% Lithuanian 3%
• Foreign-born: 11% · Canada, China, Vietnam
• Languages at home: 86% English-only · Spanish 5% Other Asian/Pacific 2% Chinese 1%

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: ▼ -313.16%
• Current HPI: 233.7627
• Rent YoY: ▲ 2.26%
• 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

-78.9% since first listed

13 events — show timeline

• 2026-06-01 Price Changed $354,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-16 Price Changed $364,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-07 Listed $375,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-10-20 Sold (Public Records) $367,991 Public Records
• 2023-10-18 Sold (MLS) $367,990 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-17 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-07 Price Changed $367,990 NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-17 Price Changed $369,990 NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-03 Price Changed $373,990 NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-21 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-21 Listed $407,950 NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-07 Listed $407,950 NORTHSTARMLS as Distributed by MLS Grid
• 2022-12-20 Sold (Public Records) $1,679,624 Public Records

Property tax history

+496.9%/yr

Latest (2025): $4,192 · +644.4% YoY. Source: county tax records.