377 E Broadway St · Winona, MN 55987

$184,900

3 bd · 1.0 ba · 1,890 sqft · SingleFamily public records · 5 Days on market

Built 1912 4,573 sqft lot $98/sqft · at area comps Est $209k · 12% 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 +16.0/30.0
• ARV discount +12.7/15.0
• DSCR +5.0/10.0
• Rent growth +5.0/5.0
• Livability +4.0/5.0
• 1% rule +3.7/10.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Charming stucco home w/modern updates & beautiful original woodwork! 4 Br's, 1.5 baths, wood floors, finished basement and relaxing front porch. Bright and sunny w/natural light and newer mechanicals.

Key facts

• Hardwood flooring
• Original woodwork
• 4,573 sq ft lot

Tags

• ORIGINAL WOODWORK
• HARDWOOD FLOORING

Property features AI

Finance

• Financial info: Conventional financing available

Exterior

• Parking: Detached or attached 2-car garage (24 x 20) with 7' high, 8' wide door
• Utilities: City water connected; City sewer connected; Natural gas
• Home design: Residential property; Two levels; Entry faces southwest (approximate based on directions)
• Construction: Frame construction; Asphalt roof (over 8 years old); Foundation described as other
• Exterior features: Stucco exterior; Porch; Tree coverage (light); City street frontage (public maintained road); Lot approximately 50 x 92

Interior

• Kitchen: Range; Dishwasher; Refrigerator; Kitchen window
• Bedrooms: 4 bedrooms (three on the upper level, one in the lower level)
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom on the upper level; 1 half bathroom in the basement
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Finished full basement; Separate/formal dining room; Kitchen window; Natural woodwork; Hardwood floors; Balcony; Porch
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $92 ($1k/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 $160k (13.3% below list).
• Recommended offer: $160k (13.3% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 3.9% in Winona — 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 81/100 on livability (#63 in MN, #1,558 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-.
• Winona Area Public School District (town): math 33% / reading 40% proficiency, ranked #244 of 301 in MN (top 81%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+18.0%/yr); 137 active listings in the ZIP; 37 units permitted in Winona County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($62k/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.
• Winona County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts since 10y 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 1912 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $160,240 (13.3% below list)

Questions for the listing agent

1. Built in 1912 — 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. 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: 0.87% ✗
• Cap rate: 6.89%
• Cash-on-cash: 2.14%
• DSCR: 1.10
• GRM: 9.6

CMA / ARV

• ARV (median comp): $209,023
• List price: $184,900
• Delta: -11.54%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
72 7th Street East St	0.44mi	4/1.5 (+1)	2,066 (+9%)	14mo	$225,250	$109	45

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -7.8%
• Equity multiple: 0.70×
• Total profit: $-15,649
• Equity at exit: $27,569

10-year hold

• IRR: 6.9%
• Equity multiple: 1.62×
• Total profit: $32,330
• 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 55987

• Rents YoY: 18.0%
• Active inventory: 137
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,602 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$127 /mo · $1,522/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $92

Break-even live

Break-even rent $1,485

Max offer price $184,900

Occupancy floor 89%

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 6 events

1. 2026-05-08
   status Pending 125-char remark
2. 2026-05-03
   listed $184,900 Active 125-char remark
3. 2018-12-10
   historical 204-char remark

   Show marketing remark (204 chars)

   Charming stucco home w/modern updates & beautiful original woodwork! 4 Br's, 1.5 baths, wood floors, finished basement and relaxing front porch. Bright and sunny w/natural light and newer mechanicals.

4. 2017-01-31
   soldstatus $142,000 204-char remark

   Show marketing remark (204 chars)

   Charming stucco home w/modern updates & beautiful original woodwork! 4 Br's, 1.5 baths, wood floors, finished basement and relaxing front porch. Bright and sunny w/natural light and newer mechanicals.

5. 2017-01-31
   soldstatus $142,000

   Show marketing remark (204 chars)

   Charming stucco home w/modern updates & beautiful original woodwork! 4 Br's, 1.5 baths, wood floors, finished basement and relaxing front porch. Bright and sunny w/natural light and newer mechanicals.

6. 2016-07-14
   listed $144,900 204-char remark

   Show marketing remark (204 chars)

   Charming stucco home w/modern updates & beautiful original woodwork! 4 Br's, 1.5 baths, wood floors, finished basement and relaxing front porch. Bright and sunny w/natural light and newer mechanicals.

ⓘ 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: $1,522 · $127/mo
• Projected year-2 tax: $1,796 · $150/mo
• Expected delta: +$274/yr (+$23/mo · 18.0%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,229
• − Mortgage interest: −$10,357
• − Property taxes: −$1,522
• − Insurance: −$924
• − Repairs & maintenance: −$1,538
• − Management: −$1,538
• − Depreciation: −$5,379
• Taxable loss: −$2,030
• Est. tax savings @ 24.0%: +$487
• After-tax cash flow: $1,596/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: Winona Area Public School District
• NCES district ID: 2744070
• Math proficiency: 33% ▼ -16.00%
• Reading proficiency: 40% ▼ -9.00%
• Median HH income: $45,678
• Composite: 31.15/100
• National rank: #6058
• State rank: #244 of 301 in MN

Livability — Winona

• Score: 81/100
• State rank: #63
• US rank: #1558

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Winona, MN
• County: Winona County · 34,072 people
• City population: 34,072
• Metro: Winona, MN
• Population (ZIP): 34,072
• Household income: $61,624
• Rent vs Own: 36.1% rent · 63.9% own
• Severe rent burden: 1525.0

Population outlook (Winona County) Hauer SSP2

• Today (2025): 50,614 people
• By 2030: 50,243 · -0.7%
• By 2040: 48,142 · -4.9%
• By 2050: 45,872 · -9.4%
• By 2075: 42,416 · -16.2%
• By 2100: 40,031 · -20.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (89%)
• Race & ethnicity: White 89% Two or more races 4% Hispanic / Latino 4% Black 2% Asian 2%
• Common ancestry: Portuguese 14% Romanian 12% Lithuanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Asian/Pacific 1%

Political lean MEDSL · Winona

• 2024 margin: Toss-up / Even · D 46.6% · R 51.5% · Other 1.8%
• 2008→2024 swing: -24.0pp toward R · 2008: 19.1pp · 2024: -4.9pp
• All cycles: 2024: R+4.9 2020: D+0.4 2016: R+2.9 2012: D+12.9 2008: D+19.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -166.61%
• Current HPI: 193.7509
• Rent YoY: ▲ 17.99%
• Metro: Winona, 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

+22.5% since first listed

7 events — show timeline

• 2026-06-16 Sold (MLS) $177,500 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-08 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-03 Listed $184,900 NORTHSTARMLS as Distributed by MLS Grid
• 2018-12-10 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2017-01-31 Sold (Public Records) $142,000 Public Records
• 2017-01-31 Sold (MLS) $142,000 NORTHSTARMLS as Distributed by MLS Grid
• 2016-07-14 Listed $144,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+2.9%/yr

Latest (2025): $1,522 · +4.8% YoY. Source: county tax records.