24033 Pine Ave · Osage, MN 56570

$124,900

3 bd · 1.0 ba · 884 sqft · SingleFamily public records · 80 Days on market

Built 1915 0.31 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).

• Cash flow +13.5/30.0
• Appreciation +7.8/10.0
• ARV discount +7.5/15.0
• DSCR +4.1/10.0
• Schools +3.6/10.0
• Livability +3.1/5.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

CH1004 Charming 3 bedroom 1 bath home in Osage. Everything you need on the main level. There is one bedroom on the main floor and 2 in the upper level. There is a separate dining room, main floor laundry, large deck. Many nice updates. New flooring, windows, hot water heater, septic. Siding and roof are in great shape. Conveniently located to the Osage store and the Osage beach. Come see this charming home.

Key facts

• 0.31 acre lot
• Built 1915
• Listed 80 days

Property features AI

Exterior

• Parking: Gravel parking
• Security: Security system
• Utilities: Well water; Septic tank with drain field; Oil fuel
• Home design: Residential property; One and one-half story; Entry includes porch
• Construction: Block foundation; Asphalt roof (over 8 years old)
• Exterior features: Vinyl siding; Deck; City street frontage; Lot approximately 0.31 acres (50 x 200)

Interior

• Kitchen: Range; Refrigerator; Dishwasher
• Bedrooms: 4 bedrooms
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom (main floor)
• Heating & cooling: Boiler heating; Central air conditioning
• Interior features: Security system; Hardwood floors; Porch
• Laundry & utility: Washer; Dryer; Oil-fired boiler

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $5 ($62/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 $95k (23.7% below list).
• Recommended offer: $95k (23.7% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 62/100 on livability (#715 in MN) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A-; Watch: employment C-, health & safety C-, schools F.
• Park Rapids Public School District (rural): math 37% / reading 48% proficiency, ranked #206 of 301 in MN (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 16 active listings in the ZIP; 156 units permitted in Becker County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($864 loan paydown + $7k appreciation (5.6% local appreciation)).
• Becker County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (5.6% appreciation + 3.0% rent growth), your $35k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 80 days — a 6% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 9y 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 $89k; 40% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $95,343 (23.7% below list)

Questions for the listing agent

1. It's been on market 80 days. Have you received any prior offers? Is the seller open to a 24% concession, seller financing, or rate buy-down credit?
2. Built in 1915 — 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. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. 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?
7. 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.
8. 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.
9. 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: 0.76% ✗
• Cap rate: 6.34%
• Cash-on-cash: 0.18%
• DSCR: 1.01
• GRM: 10.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

5.57% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.4%
• Equity multiple: 1.95×
• Total profit: $33,167
• Equity at exit: $75,147

10-year hold

• IRR: 14.9%
• Equity multiple: 3.81×
• Total profit: $98,109
• Equity at exit: $133,458

Cash invested: $34,972 (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 56570

• Home prices YoY: 2.3%
• Active inventory: 16
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $953 medium
• Mortgage (P&I): −$655
• Tax from tax record: −$41 /mo · $492/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$200
• Net cashflow: $5

Break-even live

Break-even rent $947

Max offer price $124,900

Occupancy floor 94%

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: $31,225
• Closing costs: $3,747
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-05-04
   status Pending
2. 2026-02-18
   historical Contingent - Inspection
3. 2026-02-13
   listed $124,900 Active
4. 2020-08-11
   soldstatus $89,000
5. 2020-06-30
   soldstatus $89,000 Sold 410-char remark

   Show marketing remark (410 chars)

   CH1004 Charming 3 bedroom 1 bath home in Osage. Everything you need on the main level. There is one bedroom on the main floor and 2 in the upper level. There is a separate dining room, main floor laundry, large deck. Many nice updates. New flooring, windows, hot water heater, septic. Siding and roof are in great shape. Conveniently located to the Osage store and the Osage beach. Come see this charming home.

6. 2020-05-11
   status Pending 410-char remark

   Show marketing remark (410 chars)

   CH1004 Charming 3 bedroom 1 bath home in Osage. Everything you need on the main level. There is one bedroom on the main floor and 2 in the upper level. There is a separate dining room, main floor laundry, large deck. Many nice updates. New flooring, windows, hot water heater, septic. Siding and roof are in great shape. Conveniently located to the Osage store and the Osage beach. Come see this charming home.

7. 2020-03-10
   listed $89,900 Active 410-char remark

   Show marketing remark (410 chars)

   CH1004 Charming 3 bedroom 1 bath home in Osage. Everything you need on the main level. There is one bedroom on the main floor and 2 in the upper level. There is a separate dining room, main floor laundry, large deck. Many nice updates. New flooring, windows, hot water heater, septic. Siding and roof are in great shape. Conveniently located to the Osage store and the Osage beach. Come see this charming home.

8. 2018-11-23
   historical
9. 2018-08-09
   price $86,900
10. 2018-06-05
    historical
11. 2018-05-23
    listed $89,900 Active
12. 2018-05-15
    historical
13. 2018-01-10
    listed $95,000
14. 2017-08-18
    listed $95,000 Active
15. 2008-12-03
    soldstatus $21,100

ⓘ 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: $492 · $41/mo
• Projected year-2 tax: $945 · $79/mo
• Expected delta: +$453/yr (+$38/mo · 92.2%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 1/10 Low 7 d/yr ≥94°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,441
• − Mortgage interest: −$6,996
• − Property taxes: −$492
• − Insurance: −$624
• − Repairs & maintenance: −$915
• − Management: −$915
• − Depreciation: −$3,633
• Taxable loss: −$2,136
• Est. tax savings @ 24.0%: +$513
• After-tax cash flow: $575/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: Park Rapids Public School District
• NCES district ID: 2728080
• Math proficiency: 37% ▼ -9.00%
• Reading proficiency: 48% ▼ -3.00%
• Median HH income: $45,641
• Composite: 36.11/100
• National rank: #4751
• State rank: #206 of 301 in MN

Livability — Osage

• Score: 62/100
• State rank: #715
• US rank: #17177

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Osage, MN
• Population (ZIP): 1,130

Population outlook (Becker County) Hauer SSP2

• Today (2025): 34,604 people
• By 2030: 35,095 · +1.4%
• By 2040: 35,691 · +3.1%
• By 2050: 35,869 · +3.7%
• By 2075: 36,103 · +4.3%
• By 2100: 32,798 · -5.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 7% Hispanic / Latino 4% Asian 1%
• Common ancestry: Portuguese 17% Romanian 5% Lithuanian 2%
• Foreign-born: 3% · South Korea, China
• Languages at home: 94% English-only · Chinese 4% Spanish 1%

Political lean MEDSL · Becker

• 2024 margin: Solid R (+33.1) · D 32.7% · R 65.8% · Other 1.5%
• 2008→2024 swing: -26.3pp toward R · 2008: -6.9pp · 2024: -33.1pp
• All cycles: 2024: R+33.1 2020: R+30.1 2016: R+33.2 2012: R+14.6 2008: R+6.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 5.57%
• Current HPI: 246.4256
• 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

+491.9% since first listed

15 events — show timeline

• 2026-05-04 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-18 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-13 Listed $124,900 NORTHSTARMLS as Distributed by MLS Grid
• 2020-08-11 Sold (Public Records) $89,000 Public Records
• 2020-06-30 Sold (MLS) $89,000 NORTHSTARMLS as Distributed by MLS Grid
• 2020-05-11 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2020-03-10 Listed $89,900 NORTHSTARMLS as Distributed by MLS Grid
• 2018-11-23 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-08-09 Price Changed $86,900 NORTHSTARMLS as Distributed by MLS Grid
• 2018-06-05 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-05-23 Listed $89,900 NORTHSTARMLS as Distributed by MLS Grid
• 2018-05-15 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-01-10 Listed $95,000 NORTHSTARMLS as Distributed by MLS Grid
• 2017-08-18 Listed $95,000 NORTHSTARMLS as Distributed by MLS Grid
• 2008-12-03 Sold (Public Records) $21,100 Public Records

Property tax history

+4.3%/yr

Latest (2025): $492 · -18.8% YoY. Source: county tax records.