527 6th Ave S · St. Cloud, MN 56301

$184,900

7 bd · 2.0 ba · 2,138 sqft · Other · 218 Days on market

Built 1910 7,405 sqft lot ↓ 18% since listing

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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 +23.7/30.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• 1% rule +6.2/10.0
• Rent growth +3.3/5.0
• Schools +2.8/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Recently refreshed and ready for immediate occupancy!! 7BR plus den lodging house just a quick walk to SCSU, near Lake George & downtown amenities - A fantastic addition or start to your portfolio! Off street parking, main floor laundry, tons of storage. Updated features include fresh paint inside and out, Updated water heater & boiler, New flooring up and down! Added bonus, second kitchen on upper level & 50 year shingles!! Available for immediate showings, come take a look!

Key facts

• Off street parking
• New flooring
• Main floor laundry

Tags

• OFF STREET PARKING
• MAIN FLOOR LAUNDRY
• TONS OF STORAGE
• UPDATED WATER HEATER
• UPDATED BOILER
• NEW FLOORING

Property features AI

Finance

• Financial info: Standard rental license (rental license active)

Exterior

• Parking: No carport spaces reported
• Utilities: City water connected; City sewer connected; Natural gas
• Home design: Residential property; Two levels
• Construction: Asphalt roof; Foundation area approximately 1,344 (foundation present)
• Exterior features: Wood exterior; Public transit within six blocks

Interior

• Kitchen: Two kitchens
• Bedrooms: 7 bedrooms (mix of main and upper levels)
• Bathrooms: 2 full bathrooms (one on main level, one on upper level)
• Heating & cooling: Hot water heating; No central air
• Interior features: Den; Living room; Full basement
• Laundry & utility: Shared laundry in a common area on the main level

What this means for you Summary

Snapshot

• This is a 7-bed/2.0-bath other listed at $185k.

Deal economics

• At list price, monthly cash flow is $352 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $185k).
• Recommended offer: $163k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 3.9% in St. Cloud — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• St. Cloud Public School District (urban): math 27% / reading 38% proficiency, ranked #264 of 301 in MN (top 88%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.4%/yr); 218 active listings in the ZIP; 661 units permitted in Stearns County in 2024 (291 in 5+ unit buildings).
• This rent runs 34% of the median local income ($73k/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 $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Stearns County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 218 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 3y 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 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $162,712 (12.0% below list)

Questions for the listing agent

1. It's been on market 218 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.12% ✓
• Cap rate: 8.58%
• Cash-on-cash: 8.16%
• DSCR: 1.36
• GRM: 7.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.38% rent growth · sell at horizon

5-year hold

• IRR: -3.4%
• Equity multiple: 0.87×
• Total profit: $-6,709
• Equity at exit: $27,569

10-year hold

• IRR: 6.7%
• Equity multiple: 1.51×
• Total profit: $26,452
• Equity at exit: $15,987

Cash invested: $51,772 (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 56301

• Rents YoY: 3.4%
• Active inventory: 218
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $2,067 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$234 /mo · $2,814/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $352

Break-even live

Break-even rent $1,622

Max offer price $184,900

Occupancy floor 78%

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: $46,225
• Closing costs: $5,547
• Reserves months: —
• Total cash needed: —

Listing history 12 events

1. 2026-05-08
   status Pending
2. 2026-04-30
   historical Contingent - Inspection
3. 2026-02-25
   price $184,900
4. 2025-10-01
   listed $189,900 Active
5. 2025-10-01
   historical
6. 2025-09-08
   price $179,900
7. 2025-03-27
   price $189,900
8. 2024-08-21
   price $195,000
9. 2023-09-21
   price $199,900
10. 2023-09-05
    price $209,900
11. 2023-06-28
    price $219,900
12. 2023-05-31
    listed $225,900 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: $2,814 · $234/mo
• Projected year-2 tax: $2,814 · $234/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 ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,810
• − Mortgage interest: −$10,357
• − Property taxes: −$2,814
• − Insurance: −$924
• − Repairs & maintenance: −$1,985
• − Management: −$1,985
• − Depreciation: −$5,379
• Taxable income: $1,365
• Est. tax owed @ 24.0%: −$328
• After-tax cash flow: $3,898/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: St. Cloud Public School District
• NCES district ID: 2733510
• Math proficiency: 27% ▼ -9.00%
• Reading proficiency: 38% ▼ -5.00%
• Median HH income: $46,638
• Composite: 27.91/100
• National rank: #6866
• State rank: #264 of 301 in MN

Livability — St. Cloud

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

Census & demographics

• Census place: St. Cloud, MN
• County: Stearns County · 90,226 people
• City population: 60,914
• Metro: St. Cloud, MN
• Population (ZIP): 35,580
• Household income: $73,142
• Rent vs Own: 49.1% rent · 50.9% own
• Severe rent burden: 1831.0

Population outlook (Stearns County) Hauer SSP2

• Today (2025): 162,629 people
• By 2030: 166,495 · +2.4%
• By 2040: 172,661 · +6.2%
• By 2050: 177,480 · +9.1%
• By 2075: 192,907 · +18.6%
• By 2100: 206,274 · +26.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Black 20% Hispanic / Latino 6% Two or more races 6% Asian 4%
• Hispanic origin (detail): Mexican 2% Puerto Rican 1%
• Common ancestry: Portuguese 6% Romanian 4% Lithuanian 2%
• Foreign-born: 16% · Canada, Vietnam
• Languages at home: 77% English-only · Spanish 4% Other Asian/Pacific 2% Other Indo-European 1%

Political lean MEDSL · Stearns

• 2024 margin: Strong R (+26.8) · D 35.7% · R 62.5% · Other 1.9%
• 2008→2024 swing: -19.8pp toward R · 2008: -7.0pp · 2024: -26.8pp
• All cycles: 2024: R+26.8 2020: R+22.5 2016: R+27.9 2012: R+12.1 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -102.70%
• Current HPI: 148.6882
• Rent YoY: ▲ 3.38%
• Metro: St. Cloud, MN
• 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

-18.1% since first listed

12 events — show timeline

• 2026-05-08 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-30 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-25 Price Changed $184,900 NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-01 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-01 Listed $189,900 NORTHSTARMLS as Distributed by MLS Grid
• 2025-09-08 Price Changed $179,900 NORTHSTARMLS as Distributed by MLS Grid
• 2025-03-27 Price Changed $189,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-21 Price Changed $195,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-21 Price Changed $199,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-05 Price Changed $209,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-06-28 Price Changed $219,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-05-31 Listed $225,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+1.7%/yr

Latest (2025): $2,814 · +1.7% YoY. Source: county tax records.