2633 Pine Ln · Comfort, MN 55051

$235,000

1 bd · 1.0 ba · 758 sqft · Other public records · 17 Days on market

Built 2019 1.06 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).

• Appreciation +8.1/10.0
• Cash flow +7.6/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• 1% rule +1.6/10.0

Listing remarks MLS

Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

Key facts

• 1.06 acre lot
• Built 2019
• Listed 17 days

Property features AI

Exterior

• Parking: Gravel parking
• Utilities: Private well water; Mound septic (compliant); Electric service with circuit breakers and 100 amp panel; Fuel sources: Electric and wood
• Home design: Residential log home; One and one-half levels; Entry level: main; Metal roof (age 8 years or less)
• Construction: Log construction; Pillar/post/pier foundation; Metal roof
• Exterior features: Log exterior; Deck; Moderate tree coverage; Road frontage on city street and county road; Publicly maintained road access

Interior

• Kitchen: Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms (both on the main level); Upper loft (additional sleeping/bonus space)
• Bathrooms: Main floor 3/4 bath (one 3/4 bathroom)
• Heating & cooling: Baseboard heating; Fireplace heating; No central air
• Interior features: Free-standing wood-burning fireplace; Electric water heater; Microwave; Range; Refrigerator
• Laundry & utility: No laundry room (none listed)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath other listed at $235k.

Deal economics

• At list price, monthly cash flow is $-278 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $186k (20.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $156k (33.6% below list).
• Recommended offer: $156k (33.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Mora Public School District (town): math 44% / reading 58% proficiency, ranked #115 of 301 in MN (top 38%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 108 active listings in the ZIP; 59 units permitted in Kanabec County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $16k of equity ($2k loan paydown + $14k appreciation (6.2% local appreciation)).
• Kanabec County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 3, paydown + projected appreciation supports a ~$40k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($231k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 7y 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 $196k; 20% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $155,992 (33.6% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.66% ✗
• Cap rate: 4.88%
• Cash-on-cash: -5.06%
• DSCR: 0.77
• GRM: 12.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

6.15% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.6%
• Equity multiple: 1.79×
• Total profit: $52,209
• Equity at exit: $149,951

10-year hold

• IRR: 12.5%
• Equity multiple: 3.53×
• Total profit: $166,782
• Equity at exit: $273,867

Cash invested: $65,800 (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 55051

• Home prices YoY: 2.0%
• Active inventory: 108
• Price-to-rent: 12.6×

Monthly cashflow live

• Estimated rent: $1,560 medium
• Mortgage (P&I): −$1,232
• Tax from tax record: −$180 /mo · $2,156/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$328
• Net cashflow: $-278

Break-even live

Break-even rent $1,911

Max offer price $185,959

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-18
   days on market $235,000 Active 17 DOM
2. 2026-06-17
   days on market $235,000 Active 16 DOM
3. 2026-06-16
   days on market $235,000 Active 15 DOM
4. 2026-06-16
   statusdays on market $235,000 Active 14 DOM
5. 2026-04-30
   listed $235,000 Active
6. 2022-07-15
   soldstatus $196,000 Sold 150-char remark

   Show marketing remark (150 chars)

   Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

7. 2022-07-15
   soldstatus $196,000

   Show marketing remark (150 chars)

   Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

8. 2022-06-23
   status Pending 150-char remark

   Show marketing remark (150 chars)

   Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

9. 2022-05-04
   price $199,900 150-char remark

   Show marketing remark (150 chars)

   Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

10. 2022-04-29
    status Active 150-char remark

    Show marketing remark (150 chars)

    Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

11. 2022-04-26
    price $169,900 150-char remark

    Show marketing remark (150 chars)

    Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

12. 2022-04-22
    price $179,900 150-char remark

    Show marketing remark (150 chars)

    Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

13. 2022-04-08
    price $187,000 150-char remark

    Show marketing remark (150 chars)

    Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

14. 2022-04-03
    listed $191,000 Active 150-char remark

    Show marketing remark (150 chars)

    Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

15. 2022-03-28
    historical $191,000 150-char remark

    Show marketing remark (150 chars)

    Nestled in the woods -Lots of privacy. Great get away or dream home..Home comes fully Furnished."NEW SEPTIC -NEW WELL-NEW PLUMBING-NEW Electric .

16. 2021-12-03
    soldstatus $104,000 Sold

    Show marketing remark (330 chars)

    Beautiful Amish built Log Home/Cabin with solar energy. Lake access 1 block a way. Home is surrounded by Gorgeous Pine Trees with a great wrap around porch and Steel roof. Inside has an open floor plan with amazing wood vaulted ceilings and beams, a cozy Wood stove, private bedroom plus a sleeping loft. You will love this place!

17. 2021-12-03
    soldstatus $104,000

    Show marketing remark (330 chars)

    Beautiful Amish built Log Home/Cabin with solar energy. Lake access 1 block a way. Home is surrounded by Gorgeous Pine Trees with a great wrap around porch and Steel roof. Inside has an open floor plan with amazing wood vaulted ceilings and beams, a cozy Wood stove, private bedroom plus a sleeping loft. You will love this place!

18. 2021-10-30
    status Pending

    Show marketing remark (330 chars)

    Beautiful Amish built Log Home/Cabin with solar energy. Lake access 1 block a way. Home is surrounded by Gorgeous Pine Trees with a great wrap around porch and Steel roof. Inside has an open floor plan with amazing wood vaulted ceilings and beams, a cozy Wood stove, private bedroom plus a sleeping loft. You will love this place!

19. 2021-10-24
    listed $119,900 Active

    Show marketing remark (330 chars)

    Beautiful Amish built Log Home/Cabin with solar energy. Lake access 1 block a way. Home is surrounded by Gorgeous Pine Trees with a great wrap around porch and Steel roof. Inside has an open floor plan with amazing wood vaulted ceilings and beams, a cozy Wood stove, private bedroom plus a sleeping loft. You will love this place!

20. 2020-01-03
    soldstatus $59,000 Sold
21. 2020-01-03
    soldstatus $59,000
22. 2019-11-14
    status Pending
23. 2019-10-25
    listed $67,900 Active
24. 2019-10-24
    historical
25. 2019-09-17
    price $69,900
26. 2019-08-18
    price $74,900
27. 2019-06-23
    price $79,900
28. 2019-04-25
    listed $86,900 Active

ⓘ 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: $2,156 · $180/mo
• Projected year-2 tax: $2,394 · $200/mo
• Expected delta: +$238/yr (+$20/mo · 11.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone D · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,719
• − Mortgage interest: −$13,164
• − Property taxes: −$2,156
• − Insurance: −$1,175
• − Repairs & maintenance: −$1,498
• − Management: −$1,498
• − Depreciation: −$6,836
• Taxable loss: −$7,607
• Est. tax savings @ 24.0%: +$1,826
• After-tax cash flow: $-1,506/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: Mora Public School District
• NCES district ID: 2721480
• Math proficiency: 44% ▼ -15.00%
• Reading proficiency: 58% ▼ -8.00%
• Median HH income: $46,788
• Composite: 43.26/100
• National rank: #3052
• State rank: #115 of 301 in MN

Livability — Comfort

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

Census & demographics

• Population (ZIP): 9,927

Population outlook (Kanabec County) Hauer SSP2

• Today (2025): 14,998 people
• By 2030: 14,363 · -4.2%
• By 2040: 12,841 · -14.4%
• By 2050: 11,299 · -24.7%
• By 2075: 8,458 · -43.6%
• By 2100: 6,283 · -58.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 1%
• Common ancestry: Portuguese 10% Scottish 5% Lithuanian 3%
• Foreign-born: 1%
• Languages at home: 97% English-only · German/W. Germanic 2% Spanish 1%

Political lean MEDSL · Kanabec

• 2024 margin: Solid R (+42.4) · D 28.1% · R 70.4% · Other 1.5%
• 2008→2024 swing: -33.7pp toward R · 2008: -8.7pp · 2024: -42.4pp
• All cycles: 2024: R+42.4 2020: R+37.9 2016: R+35.7 2012: R+9.0 2008: R+8.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 6.15%
• Current HPI: 313.18
• 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

+170.4% since first listed

25 events — show timeline

• 2026-06-15 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-30 Listed $235,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-07-15 Sold (Public Records) $196,000 Public Records
• 2022-07-15 Sold (MLS) $196,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-06-23 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-05-04 Price Changed $199,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-29 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-26 Price Changed $169,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-22 Price Changed $179,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-08 Price Changed $187,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-03 Listed $191,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-03-28 Coming Soon $191,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-12-03 Sold (Public Records) $104,000 Public Records
• 2021-12-03 Sold (MLS) $104,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-10-30 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2021-10-24 Listed $119,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-01-03 Sold (Public Records) $59,000 Public Records
• 2020-01-03 Sold (MLS) $59,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-11-14 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2019-10-25 Listed $67,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-10-24 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2019-09-17 Price Changed $69,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-08-18 Price Changed $74,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-06-23 Price Changed $79,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-04-25 Listed $86,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+22.7%/yr

Latest (2025): $2,156 · +5.6% YoY. Source: county tax records.