132 3rd St NW · Ortonville, MN 56278

$67,000

3 bd · 1.0 ba · 804 sqft · SingleFamily public records · 132 Days on market

Built 1890 3,310 sqft lot $83/sqft · 21% above area Est $93k · 28% under

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Why this score? — see what drove the B 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 +26.4/30.0
• ARV discount +15.0/15.0
• DSCR +9.0/10.0
• 1% rule +6.6/10.0
• Schools +5.0/10.0
• 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

Great home or investment property in Ortonville Minnesota. This property is located on 3rd St, just above Main Street ortonville and offers a beautiful lake view, attached garage, four bedrooms and two bathrooms. It has a large kitchen and lots of storage. Let's have a look!

Key facts

• Attached garage
• Lake view
• 3,310 sq ft lot

Tags

• LAKE VIEW
• ATTACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $67k.

Deal economics

• At list price, monthly cash flow is $175 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($775 rent vs $67k).
• Recommended offer: $59k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#278 in MN) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, amenities F, commute F.
• Market conditions: 16 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 3 units permitted in Big Stone County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $463 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Big Stone County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 132 days — a 12% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 13y ago; this cycle's ask has dropped $12k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $24k; list at $67k implies a 185% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $58,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 132 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 1890 — 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 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?
6. 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.
7. 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.
8. 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: 1.16% ✓
• Cap rate: 9.42%
• Cash-on-cash: 11.17%
• DSCR: 1.50
• GRM: 7.2

CMA / ARV

• ARV (median comp): $93,139
• List price: $67,000
• Delta: -28.06%
• 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: 0.4%
• Equity multiple: 1.01×
• Total profit: $262
• Equity at exit: $9,990

10-year hold

• IRR: 10.0%
• Equity multiple: 1.77×
• Total profit: $14,535
• Equity at exit: $5,793

Cash invested: $18,760 (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 56278

• Home prices YoY: -17.4%
• Active inventory: 16
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $775 medium
• Mortgage (P&I): −$351
• Tax from tax record: −$58 /mo · $700/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$163
• Net cashflow: $175

Break-even live

Break-even rent $554

Max offer price $67,000

Occupancy floor 72%

Sensitivity live

Price	-10% $213	-5% $194	+0% $175	+5% $156	+10% $137
Rent	-10% $113	-5% $144	+0% $175	+5% $205	+10% $236
Rate	-1.0pp $208	-0.5pp $192	base $175	+0.5pp $157	+1.0pp $140

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: $16,750
• Closing costs: $2,010
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
611 Lake Ave Apt 8 Ortonville, MN	2.0	1.0	650	$775	$1.19	44d	1	0.31mi

Listing history 27 events

1. 2026-06-18
   days on market $67,000 Active 132 DOM
2. 2026-06-17
   days on market $67,000 Active 131 DOM
3. 2026-06-16
   days on market $67,000 Active 130 DOM
4. 2026-06-15
   days on market $67,000 Active 129 DOM
5. 2026-06-13
   days on market $67,000 Active 127 DOM
6. 2026-06-12
   days on market $67,000 Active 126 DOM
7. 2026-06-09
   days on market $67,000 Active 123 DOM
8. 2026-06-08
   days on market $67,000 Active 122 DOM
9. 2026-06-07
   days on market $67,000 Active 121 DOM
10. 2026-06-05
    days on market $67,000 Active 119 DOM
11. 2026-06-04
    days on market $67,000 Active 117 DOM
12. 2026-06-02
    days on market $67,000 Active 116 DOM
13. 2026-06-01
    days on market $67,000 Active 115 DOM
14. 2026-05-31
    days on market $67,000 Active 114 DOM
15. 2026-05-31
    days on market $67,000 Active 113 DOM
16. 2026-04-08
    price $67,000 275-char remark

    Show marketing remark (275 chars)

    Great home or investment property in Ortonville Minnesota. This property is located on 3rd St, just above Main Street ortonville and offers a beautiful lake view, attached garage, four bedrooms and two bathrooms. It has a large kitchen and lots of storage. Let's have a look!

17. 2026-02-06
    listed $79,000 Active 275-char remark

    Show marketing remark (275 chars)

    Great home or investment property in Ortonville Minnesota. This property is located on 3rd St, just above Main Street ortonville and offers a beautiful lake view, attached garage, four bedrooms and two bathrooms. It has a large kitchen and lots of storage. Let's have a look!

18. 2019-02-02
    historical 525-char remark

    Show marketing remark (525 chars)

    Check out this home with beautiful natural lighting throughout the whole home. There is a bedroom on the main floor as long as laundry. The kitchen is spacious and opens up to the dining room which leads on into the living room. Upstairs you will find 3 bedrooms and a bathroom. There is a bright front porch and an attached 384 square foot garage built in '73 out back. It is located very close to downtown Ortonville and also near the Ortonville Public School. This home is a very great family home for you and your family!

19. 2019-02-02
    historical

    Show marketing remark (525 chars)

    Check out this home with beautiful natural lighting throughout the whole home. There is a bedroom on the main floor as long as laundry. The kitchen is spacious and opens up to the dining room which leads on into the living room. Upstairs you will find 3 bedrooms and a bathroom. There is a bright front porch and an attached 384 square foot garage built in '73 out back. It is located very close to downtown Ortonville and also near the Ortonville Public School. This home is a very great family home for you and your family!

20. 2019-02-02
    historical

    Show marketing remark (525 chars)

    Check out this home with beautiful natural lighting throughout the whole home. There is a bedroom on the main floor as long as laundry. The kitchen is spacious and opens up to the dining room which leads on into the living room. Upstairs you will find 3 bedrooms and a bathroom. There is a bright front porch and an attached 384 square foot garage built in '73 out back. It is located very close to downtown Ortonville and also near the Ortonville Public School. This home is a very great family home for you and your family!

21. 2016-02-11
    listed $34,500
22. 2015-05-08
    listed $34,500
23. 2013-11-01
    soldstatus $23,500 525-char remark

    Show marketing remark (525 chars)

    Check out this home with beautiful natural lighting throughout the whole home. There is a bedroom on the main floor as long as laundry. The kitchen is spacious and opens up to the dining room which leads on into the living room. Upstairs you will find 3 bedrooms and a bathroom. There is a bright front porch and an attached 384 square foot garage built in '73 out back. It is located very close to downtown Ortonville and also near the Ortonville Public School. This home is a very great family home for you and your family!

24. 2013-11-01
    soldstatus $23,500

    Show marketing remark (525 chars)

    Check out this home with beautiful natural lighting throughout the whole home. There is a bedroom on the main floor as long as laundry. The kitchen is spacious and opens up to the dining room which leads on into the living room. Upstairs you will find 3 bedrooms and a bathroom. There is a bright front porch and an attached 384 square foot garage built in '73 out back. It is located very close to downtown Ortonville and also near the Ortonville Public School. This home is a very great family home for you and your family!

25. 2013-11-01
    soldstatus $23,500

    Show marketing remark (525 chars)

    Check out this home with beautiful natural lighting throughout the whole home. There is a bedroom on the main floor as long as laundry. The kitchen is spacious and opens up to the dining room which leads on into the living room. Upstairs you will find 3 bedrooms and a bathroom. There is a bright front porch and an attached 384 square foot garage built in '73 out back. It is located very close to downtown Ortonville and also near the Ortonville Public School. This home is a very great family home for you and your family!

26. 2013-05-02
    listed $25,500 525-char remark

    Show marketing remark (525 chars)

    Check out this home with beautiful natural lighting throughout the whole home. There is a bedroom on the main floor as long as laundry. The kitchen is spacious and opens up to the dining room which leads on into the living room. Upstairs you will find 3 bedrooms and a bathroom. There is a bright front porch and an attached 384 square foot garage built in '73 out back. It is located very close to downtown Ortonville and also near the Ortonville Public School. This home is a very great family home for you and your family!

27. 2013-05-02
    listed $25,500

    Show marketing remark (525 chars)

    Check out this home with beautiful natural lighting throughout the whole home. There is a bedroom on the main floor as long as laundry. The kitchen is spacious and opens up to the dining room which leads on into the living room. Upstairs you will find 3 bedrooms and a bathroom. There is a bright front porch and an attached 384 square foot garage built in '73 out back. It is located very close to downtown Ortonville and also near the Ortonville Public School. This home is a very great family home for you and your family!

ⓘ 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: $700 · $58/mo
• Projected year-2 tax: $725 · $60/mo
• Expected delta: +$25/yr (+$2/mo · 3.6%)

ⓘ 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 2/10 Low 7 d/yr ≥99°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: $9,300
• − Mortgage interest: −$3,753
• − Property taxes: −$700
• − Insurance: −$335
• − Repairs & maintenance: −$744
• − Management: −$744
• − Depreciation: −$1,949
• Taxable income: $1,075
• Est. tax owed @ 24.0%: −$258
• After-tax cash flow: $1,838/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)

No district data.

Livability — Ortonville

• Score: 72/100
• State rank: #278
• US rank: #6074

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ortonville, MN
• Population (ZIP): 2,685

Population outlook (Big Stone County) Hauer SSP2

• Today (2025): 4,608 people
• By 2030: 4,380 · -4.9%
• By 2040: 3,941 · -14.5%
• By 2050: 3,551 · -22.9%
• By 2075: 2,917 · -36.7%
• By 2100: 2,284 · -50.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Portuguese 22% Romanian 4% Scottish 3%
• Foreign-born: 2% · Canada
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Big Stone

• 2024 margin: Strong R (+29.6) · D 34.2% · R 63.8% · Other 2.0%
• 2008→2024 swing: -35.9pp toward R · 2008: 6.4pp · 2024: -29.6pp
• All cycles: 2024: R+29.6 2020: R+27.2 2016: R+25.1 2012: R+1.4 2008: D+6.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -43.28%
• Current HPI: 205.2834
• 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

+162.7% since first listed

12 events — show timeline

• 2026-04-08 Price Changed $67,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-06 Listed $79,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2016-02-11 Listed $34,500 NORTHSTARMLS as Distributed by MLS Grid
• 2015-05-08 Listed $34,500 NORTHSTARMLS as Distributed by MLS Grid
• 2013-11-01 Sold (Public Records) $23,500 Public Records
• 2013-11-01 Sold (MLS) $23,500 NORTHSTARMLS as Distributed by MLS Grid
• 2013-11-01 Sold (MLS) $23,500 NORTHSTARMLS as Distributed by MLS Grid
• 2013-05-02 Listed $25,500 NORTHSTARMLS as Distributed by MLS Grid
• 2013-05-02 Listed $25,500 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+7.2%/yr

Latest (2026): $700 · -2.2% YoY. Source: county tax records.