1319 11th Ave NE · Brainerd, MN 56401

$150,000

3 bd · 4.0 ba · 1,985 sqft · SingleFamily public records · 8 Days on market

Built 1975 5,662 sqft lot $76/sqft · 48% below area Est $291k · 49% under

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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 +20.7/30.0
• ARV discount +15.0/15.0
• DSCR +6.6/10.0
• 1% rule +5.2/10.0
• Schools +4.6/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don't miss this just remodeled three bedroom, two bath Brainerd home. Home is located just a block from Garfield School and is close to Memorial Park and Rice Lake. Home has new flooring, freshly painted interior, an open floor plan, large bedrooms, tiled shower, a two car attached garage and so much more.

Key facts

• Formal dining area
• Large living spaces
• 5,662 sq ft lot

Tags

• BRAINERD NEIGHBORHOOD
• FORMAL DINING AREA
• LARGE LIVING SPACES
• FULL UNFINISHED BASEMENT
• PARTIALLY FENCED YARD

Property features AI

Exterior

• Parking: Attached garage, 2 car (garage approx. 24 x 23)
• Utilities: City water connected; City sewer connected; Electric service with circuit breakers; Fuel: Electric and natural gas
• Home design: Residential property; Two levels
• Construction: Block and frame construction; Asphalt pitched roof; Block foundation; Built on a foundation area of about 1,171 (below-grade area unfinished)
• Exterior features: Stucco exterior; Partial fencing; Irregular lot with light tree coverage; City street frontage with paved, public-maintained roads; Lot dimensions approx. 75 x 85

Interior

• Kitchen: Kitchen with window
• Bedrooms: 3 bedrooms (two on upper level)
• Bathrooms: 1 full bathroom on the upper level; 1 half bathroom on the main level
• Heating & cooling: Forced air heating; No central cooling
• Interior features: Separate/formal dining room; Full, unfinished basement
• Laundry & utility: Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/4.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $202 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 7.9% vs local median 3.1% in Brainerd — 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 72/100 on livability (#272 in MN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D, amenities F, commute F.
• Brainerd Public School District (town): math 49% / reading 58% proficiency, ranked #85 of 301 in MN (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 401 active listings in the ZIP; 420 units permitted in Crow Wing County in 2024 (17 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Crow Wing County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 23y 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

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.02% ✓
• Cap rate: 7.91%
• Cash-on-cash: 5.78%
• DSCR: 1.26
• GRM: 8.2

CMA / ARV

• ARV (median comp): $291,490
• List price: $150,000
• Delta: -48.54%
• Verdict: UNDERPRICED
• Comps: 3 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -7.4%
• Equity multiple: 0.73×
• Total profit: $-11,419
• Equity at exit: $22,365

10-year hold

• IRR: 2.2%
• Equity multiple: 1.16×
• Total profit: $6,653
• Equity at exit: $12,969

Cash invested: $42,000 (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 56401

• Active inventory: 401
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,523 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$152 /mo · $1,818/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$320
• Net cashflow: $202

Break-even live

Break-even rent $1,267

Max offer price $150,000

Occupancy floor 82%

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Listing history 13 events

1. 2026-05-11
   listed $150,000 Active 677-char remark
2. 2022-02-17
   soldstatus $172,000
3. 2022-01-21
   soldstatus $172,000 Sold 307-char remark

   Show marketing remark (307 chars)

   Don't miss this just remodeled three bedroom, two bath Brainerd home. Home is located just a block from Garfield School and is close to Memorial Park and Rice Lake. Home has new flooring, freshly painted interior, an open floor plan, large bedrooms, tiled shower, a two car attached garage and so much more.

4. 2021-11-19
   status Pending 307-char remark

   Show marketing remark (307 chars)

   Don't miss this just remodeled three bedroom, two bath Brainerd home. Home is located just a block from Garfield School and is close to Memorial Park and Rice Lake. Home has new flooring, freshly painted interior, an open floor plan, large bedrooms, tiled shower, a two car attached garage and so much more.

5. 2021-11-11
   status Active 307-char remark

   Show marketing remark (307 chars)

   Don't miss this just remodeled three bedroom, two bath Brainerd home. Home is located just a block from Garfield School and is close to Memorial Park and Rice Lake. Home has new flooring, freshly painted interior, an open floor plan, large bedrooms, tiled shower, a two car attached garage and so much more.

6. 2021-09-21
   status Pending 307-char remark

   Show marketing remark (307 chars)

   Don't miss this just remodeled three bedroom, two bath Brainerd home. Home is located just a block from Garfield School and is close to Memorial Park and Rice Lake. Home has new flooring, freshly painted interior, an open floor plan, large bedrooms, tiled shower, a two car attached garage and so much more.

7. 2021-09-07
   price $164,900 307-char remark

   Show marketing remark (307 chars)

   Don't miss this just remodeled three bedroom, two bath Brainerd home. Home is located just a block from Garfield School and is close to Memorial Park and Rice Lake. Home has new flooring, freshly painted interior, an open floor plan, large bedrooms, tiled shower, a two car attached garage and so much more.

8. 2021-08-23
   status Active 307-char remark

   Show marketing remark (307 chars)

   Don't miss this just remodeled three bedroom, two bath Brainerd home. Home is located just a block from Garfield School and is close to Memorial Park and Rice Lake. Home has new flooring, freshly painted interior, an open floor plan, large bedrooms, tiled shower, a two car attached garage and so much more.

9. 2021-08-13
   listed $169,900 Active 307-char remark

   Show marketing remark (307 chars)

   Don't miss this just remodeled three bedroom, two bath Brainerd home. Home is located just a block from Garfield School and is close to Memorial Park and Rice Lake. Home has new flooring, freshly painted interior, an open floor plan, large bedrooms, tiled shower, a two car attached garage and so much more.

10. 2021-08-10
    historical $169,900 307-char remark

    Show marketing remark (307 chars)

    Don't miss this just remodeled three bedroom, two bath Brainerd home. Home is located just a block from Garfield School and is close to Memorial Park and Rice Lake. Home has new flooring, freshly painted interior, an open floor plan, large bedrooms, tiled shower, a two car attached garage and so much more.

11. 2004-01-09
    historical

    Show marketing remark (150 chars)

    Property was obtained through foreclosure; no property disclosures are available. This home is loaded with character and potential. It is a great buy.

12. 2004-01-09
    soldstatus $83,400

    Show marketing remark (150 chars)

    Property was obtained through foreclosure; no property disclosures are available. This home is loaded with character and potential. It is a great buy.

13. 2003-11-21
    listed $74,900

    Show marketing remark (150 chars)

    Property was obtained through foreclosure; no property disclosures are available. This home is loaded with character and potential. It is a great buy.

ⓘ 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: $1,818 · $152/mo
• Projected year-2 tax: $1,818 · $152/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 5/10 Major
• 🌡 Heat 1/10 Low 7 d/yr ≥94°F today · 12 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: $18,273
• − Mortgage interest: −$8,402
• − Property taxes: −$1,818
• − Insurance: −$750
• − Repairs & maintenance: −$1,462
• − Management: −$1,462
• − Depreciation: −$4,364
• Taxable income: $15
• Est. tax owed @ 24.0%: −$4
• After-tax cash flow: $2,424/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: Brainerd Public School District
• NCES district ID: 2706090
• Math proficiency: 49% ▼ -13.00%
• Reading proficiency: 58% ▼ -9.00%
• Median HH income: $49,059
• Composite: 45.57/100
• National rank: #2596
• State rank: #85 of 301 in MN

Livability — Brainerd

• Score: 72/100
• State rank: #272
• US rank: #5889

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Brainerd, MN
• County: Crow Wing County · 40,773 people
• City population: 31,841
• Metro: Brainerd, MN
• Population (ZIP): 31,841
• Household income: $73,128
• Rent vs Own: 26.4% rent · 73.6% own
• Severe rent burden: 454.0

Population outlook (Crow Wing County) Hauer SSP2

• Today (2025): 64,187 people
• By 2030: 64,057 · -0.2%
• By 2040: 62,470 · -2.7%
• By 2050: 59,064 · -8.0%
• By 2075: 48,738 · -24.1%
• By 2100: 36,112 · -43.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 2% Hispanic / Latino 2% Native American 1%
• Common ancestry: Portuguese 12% Romanian 6% Lithuanian 5%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Crow Wing

• 2024 margin: Solid R (+31.4) · D 33.6% · R 65.0% · Other 1.5%
• 2008→2024 swing: -23.7pp toward R · 2008: -7.7pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+29.7 2016: R+31.8 2012: R+13.4 2008: R+7.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -226.09%
• Current HPI: 220.3299
• Rent YoY: —
• Metro: Brainerd, 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

+100.3% since first listed

14 events — show timeline

• 2026-05-19 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-11 Listed $150,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-02-17 Sold (Public Records) $172,000 Public Records
• 2022-01-21 Sold (MLS) $172,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-11-19 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2021-11-11 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2021-09-21 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2021-09-07 Price Changed $164,900 NORTHSTARMLS as Distributed by MLS Grid
• 2021-08-23 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2021-08-13 Listed $169,900 NORTHSTARMLS as Distributed by MLS Grid
• 2021-08-10 Coming Soon $169,900 NORTHSTARMLS as Distributed by MLS Grid
• 2004-01-09 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2004-01-09 Sold (MLS) $83,400 NORTHSTARMLS as Distributed by MLS Grid
• 2003-11-21 Listed $74,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+6.7%/yr

Latest (2026): $1,818 · -2.0% YoY. Source: county tax records.