310 10th Ave NW · Byron, MN 55920

$232,900

3 bd · 1.5 ba · 1,488 sqft · Townhouse public records · 31 Days on market

Built 2002 1,742 sqft lot $163/mo HOA · 8% of rent

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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 +11.6/30.0
• ARV discount +7.5/15.0
• Schools +5.5/10.0
• Livability +4.2/5.0
• 1% rule +4.0/10.0
• DSCR +3.4/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Don’t miss this 3-bedroom, 2-bath townhome in the expanding community of Byron! With 1,776 sq ft of living space, this well-maintained home offers a fantastic layout with all three bedrooms conveniently located on the upper level. Step outside from the dining area onto a cement patio and enjoy the privacy of your backyard. Recent updates include beautiful granite countertops, sleek stainless steel appliances, updated bathrooms, a newer washer and dryer and a newly installed radon mitigation system. The lower level is a blank canvas, ready for your personal touch! An attached garage adds convenience, making this home a must-see. Schedule your showing today!

Key facts

• Updated bathrooms
• Cement patio
• Privacy of backyard

Tags

• CEMENT PATIO
• PRIVACY OF BACKYARD
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• UPDATED BATHROOMS
• RADON MITIGATION SYSTEM

Property features AI

Finance

• Other: Property is part of a 4-plex (unit located at end of street); Above-grade finished area and living area approximately 1,200 sq ft (total living area 1,488 sq ft including lower level); Below-grade finished area included
• HOA & community: Infinity of Rochester association; Monthly HOA fee of $163; HOA covers hazard insurance, lawn care, and snow removal; Association has no listed amenities

Exterior

• Parking: Attached garage with garage door opener and concrete floor; One garage space (approx. 12 x 16)
• Utilities: City water connected; City sewer connected; Natural gas; Electric with circuit breakers
• Home design: Residential attached property (part of a 4-plex); Two levels; Entry at main level
• Construction: Frame construction; Block foundation; Asphalt pitched roof (8 years old or newer)
• Exterior features: Patio; Vinyl exterior; Privacy fencing; Corner lot; Light tree coverage; Zero lot line; City street frontage with curbs, paved streets and street lights; Public maintained road

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator; Kitchen window
• Bedrooms: Three bedrooms (all on upper level)
• Bathrooms: One full bathroom (upper level); One half bathroom (main level)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Ceiling fan(s); Natural woodwork; Water softener (owned); Informal dining area / kitchen-dining combo; 3 bedrooms on one level
• Laundry & utility: Washer hookup; Dryer hookup (electric); Laundry on lower level

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath townhouse listed at $233k.

Deal economics

• At list price, monthly cash flow is $-73 ($-874/yr) — negative.
• To cash-flow at today's rent, offer at most $220k (5.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $211k (9.5% below list).
• Recommended offer: $211k (9.5% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 2.5% in Byron — 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 83/100 on livability (#30 in MN, #956 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: amenities F, health & safety D-.
• Byron Public School District (town): math 60% / reading 63% proficiency, ranked #24 of 301 in MN (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 10% free/reduced lunch — higher-income household profile.
• Zoned schools: Byron Intermediate School (math 76% / reading 66%, grade A-, #62 of 857 statewide, top 8%, 553 students, 14% FRL); Byron Middle School (math 53% / reading 58%, grade B-, #43 of 258 statewide, top 17%, 543 students, 15% FRL); Byron Senior High School (math 32% / reading 72%, grade D+, #111 of 471 statewide, top 26%, 664 students, 14% FRL) — zoned schools at 15% FRL track the district average.
• Market conditions: 161 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,267 units permitted in Olmsted County in 2024 (915 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Olmsted County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 21y 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.

Recommended offer $210,767 (9.5% 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. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-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?
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: 0.90% ✗
• Cap rate: 5.92%
• Cash-on-cash: -1.34%
• DSCR: 0.94
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -18.4%
• Equity multiple: 0.35×
• Total profit: $-42,268
• Equity at exit: $34,726

10-year hold

• IRR: -10.7%
• Equity multiple: 0.35×
• Total profit: $-42,330
• Equity at exit: $20,137

Cash invested: $65,212 (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 55920

• Home prices YoY: -21.4%
• Active inventory: 161
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,108 medium
• Mortgage (P&I): −$1,221
• Tax from tax record: −$256 /mo · $3,078/yr
• Insurance: −$97
• HOA: −$163
• Vacancy / Maint / Mgmt: −$443
• Net cashflow: $-73

Break-even live

Break-even rent $2,200

Max offer price $220,033

Occupancy floor 98%

Sensitivity live

Price	-10% $59	-5% $-7	+0% $-73	+5% $-139	+10% $-205
Rent	-10% $-239	-5% $-156	+0% $-73	+5% $10	+10% $94
Rate	-1.0pp $44	-0.5pp $-14	base $-73	+0.5pp $-133	+1.0pp $-195

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: $58,225
• Closing costs: $6,987
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
214 Byron Ave N Byron, MN	4.0	2.0	1800	$2,500	$1.39	15d	1	0.84mi
739 Valley View Ct NE Byron, MN	2.0	1.5	880	$1,295	$1.47	15d	4	1.25mi

HOA detail

• Monthly dues: $163 · $1,956/yr

Listing history 46 events

1. 2026-06-21
   days on market $232,900 Active 31 DOM
2. 2026-06-19
   days on market $232,900 Active 29 DOM
3. 2026-06-18
   days on market $232,900 Active 28 DOM
4. 2026-06-17
   days on market $232,900 Active 27 DOM
5. 2026-06-16
   pricedays on market $232,900 Active 26 DOM
6. 2026-06-15
   days on market $236,900 Active 25 DOM
7. 2026-06-14
   days on market $236,900 Active 23 DOM
8. 2026-06-13
   days on market $236,900 Active 22 DOM
9. 2026-06-10
   days on market $236,900 Active 20 DOM
10. 2026-06-09
    days on market $236,900 Active 19 DOM
11. 2026-06-08
    days on market $236,900 Active 18 DOM
12. 2026-06-07
    days on market $236,900 Active 17 DOM
13. 2026-06-03
    days on market $236,900 Active 13 DOM
14. 2026-06-02
    pricedays on market $236,900 Active 12 DOM
15. 2026-06-01
    days on market $239,900 Active 11 DOM
16. 2026-05-31
    days on market $239,900 Active 10 DOM
17. 2026-05-30
    days on market $239,900 Active 9 DOM
18. 2026-05-21
    listed $244,900 Active
19. 2025-04-23
    soldstatus $229,000
20. 2025-04-18
    soldstatus $229,000 Sold 670-char remark

    Show marketing remark (670 chars)

    Don’t miss this 3-bedroom, 2-bath townhome in the expanding community of Byron! With 1,776 sq ft of living space, this well-maintained home offers a fantastic layout with all three bedrooms conveniently located on the upper level. Step outside from the dining area onto a cement patio and enjoy the privacy of your backyard. Recent updates include beautiful granite countertops, sleek stainless steel appliances, updated bathrooms, a newer washer and dryer and a newly installed radon mitigation system. The lower level is a blank canvas, ready for your personal touch! An attached garage adds convenience, making this home a must-see. Schedule your showing today!

21. 2025-03-04
    status Pending 670-char remark

    Show marketing remark (670 chars)

    Don’t miss this 3-bedroom, 2-bath townhome in the expanding community of Byron! With 1,776 sq ft of living space, this well-maintained home offers a fantastic layout with all three bedrooms conveniently located on the upper level. Step outside from the dining area onto a cement patio and enjoy the privacy of your backyard. Recent updates include beautiful granite countertops, sleek stainless steel appliances, updated bathrooms, a newer washer and dryer and a newly installed radon mitigation system. The lower level is a blank canvas, ready for your personal touch! An attached garage adds convenience, making this home a must-see. Schedule your showing today!

22. 2025-03-04
    listed $229,900 Active 670-char remark

    Show marketing remark (670 chars)

    Don’t miss this 3-bedroom, 2-bath townhome in the expanding community of Byron! With 1,776 sq ft of living space, this well-maintained home offers a fantastic layout with all three bedrooms conveniently located on the upper level. Step outside from the dining area onto a cement patio and enjoy the privacy of your backyard. Recent updates include beautiful granite countertops, sleek stainless steel appliances, updated bathrooms, a newer washer and dryer and a newly installed radon mitigation system. The lower level is a blank canvas, ready for your personal touch! An attached garage adds convenience, making this home a must-see. Schedule your showing today!

23. 2024-02-22
    soldstatus $218,224
24. 2024-02-16
    soldstatus $218,225 Sold 314-char remark

    Show marketing remark (314 chars)

    Adorable townhome in the growing city of Byron! Three bedrooms (all on one level) and two baths. Updates include: stainless steel appliances, granite counters, updated baths and newer washer/dryer. The lower level is awaiting your finishes. Cement patio from the dining area to a private backyard! Attached garage!

25. 2024-01-16
    status Pending 314-char remark

    Show marketing remark (314 chars)

    Adorable townhome in the growing city of Byron! Three bedrooms (all on one level) and two baths. Updates include: stainless steel appliances, granite counters, updated baths and newer washer/dryer. The lower level is awaiting your finishes. Cement patio from the dining area to a private backyard! Attached garage!

26. 2024-01-10
    historical Contingent - Inspection 314-char remark

    Show marketing remark (314 chars)

    Adorable townhome in the growing city of Byron! Three bedrooms (all on one level) and two baths. Updates include: stainless steel appliances, granite counters, updated baths and newer washer/dryer. The lower level is awaiting your finishes. Cement patio from the dining area to a private backyard! Attached garage!

27. 2023-09-29
    listed $219,500 Active 314-char remark

    Show marketing remark (314 chars)

    Adorable townhome in the growing city of Byron! Three bedrooms (all on one level) and two baths. Updates include: stainless steel appliances, granite counters, updated baths and newer washer/dryer. The lower level is awaiting your finishes. Cement patio from the dining area to a private backyard! Attached garage!

28. 2023-09-22
    price $219,500 314-char remark

    Show marketing remark (314 chars)

    Adorable townhome in the growing city of Byron! Three bedrooms (all on one level) and two baths. Updates include: stainless steel appliances, granite counters, updated baths and newer washer/dryer. The lower level is awaiting your finishes. Cement patio from the dining area to a private backyard! Attached garage!

29. 2023-09-22
    historical $291,500 314-char remark

    Show marketing remark (314 chars)

    Adorable townhome in the growing city of Byron! Three bedrooms (all on one level) and two baths. Updates include: stainless steel appliances, granite counters, updated baths and newer washer/dryer. The lower level is awaiting your finishes. Cement patio from the dining area to a private backyard! Attached garage!

30. 2018-12-10
    historical
31. 2018-12-10
    historical
32. 2017-06-23
    soldstatus $165,000
33. 2017-06-23
    soldstatus $165,000
34. 2017-04-28
    listed $159,900
35. 2015-04-17
    historical
36. 2015-03-25
    price $105,000
37. 2015-01-13
    price $119,900
38. 2014-11-11
    listed $129,000 Active
39. 2014-11-10
    listed $105,000
40. 2007-06-25
    historical
41. 2007-03-30
    listed $127,900
42. 2007-03-29
    listed $129,900
43. 2006-04-18
    soldstatus $128,900
44. 2006-04-10
    soldstatus $128,900
45. 2006-03-20
    historical
46. 2005-06-02
    listed $131,900

ⓘ 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: $3,078 · $256/mo
• Projected year-2 tax: $3,078 · $256/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 ≥100°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,292
• − Mortgage interest: −$13,046
• − Property taxes: −$3,078
• − Insurance: −$1,164
• − Repairs & maintenance: −$2,023
• − Management: −$2,023
• − HOA: −$1,956
• − Depreciation: −$6,775
• Taxable loss: −$4,774
• Est. tax savings @ 24.0%: +$1,146
• After-tax cash flow: $272/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: Byron Public School District
• NCES district ID: 2707350
• Math proficiency: 60% ▼ -14.00%
• Reading proficiency: 63% ▼ -13.00%
• Median HH income: $78,267
• Composite: 55.01/100
• National rank: #1296
• State rank: #24 of 301 in MN

Livability — Byron

• Score: 83/100
• State rank: #30
• US rank: #956

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Byron, MN
• Population (ZIP): 8,747

Population outlook (Olmsted County) Hauer SSP2

• Today (2025): 165,999 people
• By 2030: 172,425 · +3.9%
• By 2040: 183,785 · +10.7%
• By 2050: 192,981 · +16.3%
• By 2075: 215,284 · +29.7%
• By 2100: 224,887 · +35.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 3% Two or more races 3% Asian 2% Black 1%
• Common ancestry: Portuguese 16% Romanian 7% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · Other Asian/Pacific 1%

Political lean MEDSL · Olmsted

• 2024 margin: D (+10.7) · D 54.3% · R 43.6% · Other 2.1%
• 2008→2024 swing: +7.4pp toward D · 2008: 3.3pp · 2024: 10.7pp
• All cycles: 2024: D+10.7 2020: D+10.7 2016: D+0.8 2012: D+3.2 2008: D+3.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.79%
• Current HPI: 260.7113
• 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

+76.6% since first listed

32 events — show timeline

• 2026-06-16 Price Changed $232,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-06-02 Price Changed $236,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-29 Price Changed $239,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-21 Listed $244,900 NORTHSTARMLS as Distributed by MLS Grid
• 2025-04-23 Sold (Public Records) $229,000 Public Records
• 2025-04-18 Sold (MLS) $229,000 NORTHSTARMLS as Distributed by MLS Grid
• 2025-03-04 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2025-03-04 Listed $229,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-02-22 Sold (Public Records) $218,224 Public Records
• 2024-02-16 Sold (MLS) $218,225 NORTHSTARMLS as Distributed by MLS Grid
• 2024-01-16 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2024-01-10 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-29 Listed $219,500 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-22 Price Changed $219,500 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-22 Coming Soon $291,500 NORTHSTARMLS as Distributed by MLS Grid
• 2018-12-10 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2018-12-10 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2017-06-23 Sold (Public Records) $165,000 Public Records
• 2017-06-23 Sold (MLS) $165,000 NORTHSTARMLS as Distributed by MLS Grid
• 2017-04-28 Listed $159,900 NORTHSTARMLS as Distributed by MLS Grid
• 2015-04-17 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2015-03-25 Price Changed $105,000 NORTHSTARMLS as Distributed by MLS Grid
• 2015-01-13 Price Changed $119,900 NORTHSTARMLS as Distributed by MLS Grid
• 2014-11-11 Listed $129,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-11-10 Listed $105,000 NORTHSTARMLS as Distributed by MLS Grid
• 2007-06-25 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2007-03-30 Listed $127,900 NORTHSTARMLS as Distributed by MLS Grid
• 2007-03-29 Listed $129,900 NORTHSTARMLS as Distributed by MLS Grid
• 2006-04-18 Sold (Public Records) $128,900 Public Records
• 2006-04-10 Sold (MLS) $128,900 NORTHSTARMLS as Distributed by MLS Grid
• 2006-03-20 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2005-06-02 Listed $131,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+4.1%/yr

Latest (2025): $3,078 · -1.8% YoY. Source: county tax records.