610 11th St S · Virginia, MN 55792

$134,000

3 bd · 2.0 ba · 1,110 sqft · SingleFamily public records · 51 Days on market

Built 1909 4,791 sqft lot Est $123k · 9% over

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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 +24.3/30.0
• DSCR +7.8/10.0
• 1% rule +5.2/10.0
• Schools +5.0/10.0
• ARV discount +3.6/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Fully renovated and move-in ready 3 bed, 1.5 bath home in a quiet Virginia neighborhood! This beautiful property features a convenient main floor bedroom and bath, plus a 1-stall garage. The exterior features newly painted siding. Inside, you’ll find numerous updates throughout, giving the home a clean, modern feel. The basement has already been sheetrocked and is ready to be finished—offering the opportunity to add additional square footage and build equity. Enjoy a nice backyard—perfect for relaxing evenings or spending time with your pets. A versatile home with space to grow and make it your own!

Key facts

• Newly painted siding
• Sheetrocked basement
• Nice backyard

Tags

• MAIN FLOOR BEDROOM
• NEWLY PAINTED SIDING
• SHEETROCKED BASEMENT
• NICE BACKYARD

Property features AI

Exterior

• Parking: Detached or attached 1-car garage (garage dimensions approx. 15x11)
• Utilities: City water connected; City sewer connected; Natural gas fuel; 100 amp electrical service
• Home design: Residential property; One and one-half story layout; Above-grade finished living area and main level living area present
• Construction: Concrete and frame construction; Block foundation; Foundation area noted
• Exterior features: Wood exterior; City street frontage; Publicly maintained road

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: Three bedrooms total; Two bedrooms on the upper level (13x12 and 18x13); One bedroom on the main level (12x9)
• Bathrooms: One full bathroom on the main floor; One half bathroom on the upper level
• Heating & cooling: Hot water boiler heating; No central air
• Interior features: Main floor full bathroom; half bath on upper level; Dining area combined with kitchen; Full basement with block foundation
• Laundry & utility: Laundry located on the lower level; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $134k.

Deal economics

• At list price, monthly cash flow is $270 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $134k).
• Recommended offer: $130k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#664 in MN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools C-, crime D, health & safety D.
• Market conditions: 65 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 639 units permitted in St. Louis County in 2024 (338 in 5+ unit buildings).
• This rent runs 31% of the median local income ($54k/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 $926 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago; this cycle's ask has dropped $11k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1909 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $129,980 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1909 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 8.71%
• Cash-on-cash: 8.62%
• DSCR: 1.38
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $123,210
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
605 13th St S	0.08mi	2/1.2 (-1)	1,080 (-3%)	15mo	$122,000	$113	71
622 12th St S	0.08mi	4/1.5 (+1)	1,164 (+5%)	17mo	$129,000	$111	67
502 12th St St S	0.16mi	3/1.5	984 (-11%)	9mo	$132,500	$135	64
504 10th St St S	0.14mi	3/1.0	1,022 (-8%)	21mo	$125,000	$122	58
1908 Wolf Rd	0.57mi	3/1.0	1,017 (-8%)	3mo	$188,750	$186	53
1225 S 13th St	0.52mi	4/2.0 (+1)	1,087 (-2%)	20mo	$99,900	$92	51
720 10th Street South St	0.18mi	2/1.5 (-1)	960 (-14%)	16mo	$85,000	$89	49
1306 S 12th St S	0.57mi	4/1.0 (+1)	994 (-10%)	0mo	$99,900	$101	46
1405 12th St S	0.66mi	3/1.0	1,004 (-10%)	3mo	$30,000	$30	46
223 S 4th St	0.60mi	3/2.0	1,260 (+14%)	11mo	$90,000	$71	41
301 S 10th Ave	0.61mi	3/1.5	1,251 (+13%)	22mo	$165,000	$132	30
1401 S 11th St	0.65mi	2/1.5 (-1)	952 (-14%)	21mo	$72,000	$76	21

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -3.3%
• Equity multiple: 0.88×
• Total profit: $-4,592
• Equity at exit: $19,980

10-year hold

• IRR: 6.4%
• Equity multiple: 1.48×
• Total profit: $17,910
• Equity at exit: $11,586

Cash invested: $37,520 (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 55792

• Home prices YoY: -26.5%
• Active inventory: 65
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,368 medium
• Mortgage (P&I): −$703
• Tax from tax record: −$52 /mo · $626/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$287
• Net cashflow: $270

Break-even live

Break-even rent $1,026

Max offer price $134,000

Occupancy floor 75%

Sensitivity live

Price	-10% $345	-5% $308	+0% $270	+5% $232	+10% $194
Rent	-10% $162	-5% $216	+0% $270	+5% $324	+10% $378
Rate	-1.0pp $337	-0.5pp $304	base $270	+0.5pp $235	+1.0pp $200

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: $33,500
• Closing costs: $4,020
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
117 2nd St N Unit 2 Virginia, MN	3.0	1.0	970	$1,535	$1.58	14d	1	0.95mi

Listing history 30 events

1. 2026-06-21
   days on market $134,000 Active 51 DOM
2. 2026-06-19
   days on market $134,000 Active 49 DOM
3. 2026-06-18
   days on market $134,000 Active 48 DOM
4. 2026-06-17
   days on market $134,000 Active 47 DOM
5. 2026-06-16
   days on market $134,000 Active 46 DOM
6. 2026-06-15
   days on market $134,000 Active 45 DOM
7. 2026-06-14
   days on market $134,000 Active 43 DOM
8. 2026-06-13
   remarks 681-char remark
9. 2026-06-13
   days on market $134,000 Active 42 DOM
10. 2026-06-10
    days on market $134,000 Active 40 DOM
11. 2026-06-09
    days on market $134,000 Active 39 DOM
12. 2026-06-08
    days on market $134,000 Active 38 DOM
13. 2026-06-07
    remarks 649-char remark
14. 2026-06-07
    days on market $134,000 Active 37 DOM
15. 2026-06-05
    days on market $134,000 Active 34 DOM
16. 2026-06-03
    days on market $134,000 Active 33 DOM
17. 2026-06-02
    days on market $134,000 Active 32 DOM
18. 2026-06-01
    pricedays on market $134,000 Active 31 DOM
19. 2026-05-31
    days on market $140,000 Active 30 DOM
20. 2026-05-30
    days on market $140,000 Active 29 DOM
21. 2026-05-16
    price $140,000 624-char remark

    Show marketing remark (624 chars)

    Fully renovated and move-in ready 3 bed, 1.5 bath home in a quiet Virginia neighborhood! This beautiful property features a convenient main floor bedroom and bath, plus a 1-stall garage. The exterior features newly painted siding. Inside, you’ll find numerous updates throughout, giving the home a clean, modern feel. The basement has already been sheetrocked and is ready to be finished—offering the opportunity to add additional square footage and build equity. Enjoy a nice backyard—perfect for relaxing evenings or spending time with your pets. A versatile home with space to grow and make it your own!

22. 2026-05-16
    price $140,000 624-char remark

    Show marketing remark (624 chars)

    Fully renovated and move-in ready 3 bed, 1.5 bath home in a quiet Virginia neighborhood! This beautiful property features a convenient main floor bedroom and bath, plus a 1-stall garage. The exterior features newly painted siding. Inside, you’ll find numerous updates throughout, giving the home a clean, modern feel. The basement has already been sheetrocked and is ready to be finished—offering the opportunity to add additional square footage and build equity. Enjoy a nice backyard—perfect for relaxing evenings or spending time with your pets. A versatile home with space to grow and make it your own!

23. 2026-05-16
    price $140,000

    Show marketing remark (624 chars)

    Fully renovated and move-in ready 3 bed, 1.5 bath home in a quiet Virginia neighborhood! This beautiful property features a convenient main floor bedroom and bath, plus a 1-stall garage. The exterior features newly painted siding. Inside, you’ll find numerous updates throughout, giving the home a clean, modern feel. The basement has already been sheetrocked and is ready to be finished—offering the opportunity to add additional square footage and build equity. Enjoy a nice backyard—perfect for relaxing evenings or spending time with your pets. A versatile home with space to grow and make it your own!

24. 2026-05-01
    listed $144,900 Active 624-char remark

    Show marketing remark (624 chars)

    Fully renovated and move-in ready 3 bed, 1.5 bath home in a quiet Virginia neighborhood! This beautiful property features a convenient main floor bedroom and bath, plus a 1-stall garage. The exterior features newly painted siding. Inside, you’ll find numerous updates throughout, giving the home a clean, modern feel. The basement has already been sheetrocked and is ready to be finished—offering the opportunity to add additional square footage and build equity. Enjoy a nice backyard—perfect for relaxing evenings or spending time with your pets. A versatile home with space to grow and make it your own!

25. 2026-05-01
    listed $144,900 Active 624-char remark

    Show marketing remark (624 chars)

    Fully renovated and move-in ready 3 bed, 1.5 bath home in a quiet Virginia neighborhood! This beautiful property features a convenient main floor bedroom and bath, plus a 1-stall garage. The exterior features newly painted siding. Inside, you’ll find numerous updates throughout, giving the home a clean, modern feel. The basement has already been sheetrocked and is ready to be finished—offering the opportunity to add additional square footage and build equity. Enjoy a nice backyard—perfect for relaxing evenings or spending time with your pets. A versatile home with space to grow and make it your own!

26. 2026-05-01
    listed $144,900 Active

    Show marketing remark (624 chars)

    Fully renovated and move-in ready 3 bed, 1.5 bath home in a quiet Virginia neighborhood! This beautiful property features a convenient main floor bedroom and bath, plus a 1-stall garage. The exterior features newly painted siding. Inside, you’ll find numerous updates throughout, giving the home a clean, modern feel. The basement has already been sheetrocked and is ready to be finished—offering the opportunity to add additional square footage and build equity. Enjoy a nice backyard—perfect for relaxing evenings or spending time with your pets. A versatile home with space to grow and make it your own!

27. 2023-07-13
    soldstatus $125,000
28. 2023-05-04
    soldstatus $125,000 Closed
29. 2023-03-17
    listed $115,000 Active
30. 2022-07-29
    soldstatus $51,883

ⓘ 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: $626 · $52/mo
• Projected year-2 tax: $1,063 · $89/mo
• Expected delta: +$437/yr (+$36/mo · 69.9%)

ⓘ 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 4/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥91°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,410
• − Mortgage interest: −$7,506
• − Property taxes: −$626
• − Insurance: −$670
• − Repairs & maintenance: −$1,313
• − Management: −$1,313
• − Depreciation: −$3,898
• Taxable income: $1,084
• Est. tax owed @ 24.0%: −$260
• After-tax cash flow: $2,975/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 — Virginia

• Score: 63/100
• State rank: #664
• US rank: #15991

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Virginia, MN
• County: Saint Louis County · 115,152 people
• City population: 9,663
• Metro: Duluth, MN-WI
• Population (ZIP): 9,663
• Household income: $53,750
• Rent vs Own: 37.5% rent · 62.5% own
• Severe rent burden: 286.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 202,411 people
• By 2030: 203,234 · +0.4%
• By 2040: 202,520 · +0.1%
• By 2050: 200,853 · -0.8%
• By 2075: 200,943 · -0.7%
• By 2100: 192,058 · -5.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Native American 3% Asian 1%
• Common ancestry: Portuguese 12% Romanian 4% Lithuanian 2%
• Foreign-born: 2% · Canada, Vietnam
• Languages at home: 96% English-only · Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · St. Louis

• 2024 margin: D (+13.7) · D 55.9% · R 42.2% · Other 1.8%
• 2008→2024 swing: -18.8pp toward R · 2008: 32.5pp · 2024: 13.7pp
• All cycles: 2024: D+13.7 2020: D+15.6 2016: D+11.8 2012: D+29.6 2008: D+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.05%
• Current HPI: 199.7165
• Rent YoY: —
• Metro: Duluth, MN-WI
• 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

+169.8% since first listed

10 events — show timeline

• 2026-05-16 Price Changed $140,000 RAOR
• 2026-05-16 Price Changed $140,000 LSAR
• 2026-05-16 Price Changed $140,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-01 Listed $144,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-01 Listed $144,900 LSAR
• 2026-05-01 Listed $144,900 RAOR
• 2023-07-13 Sold (Public Records) $125,000 Public Records
• 2023-05-04 Sold (MLS) $125,000 RAOR
• 2023-03-17 Listed $115,000 RAOR
• 2022-07-29 Sold (Public Records) $51,883 Public Records

Property tax history

+5.7%/yr

Latest (2025): $626 · +0.0% YoY. Source: county tax records.