760 E Howard St · Winona, MN 55987

$205,000

5 bd · 2.0 ba · 1,039 sqft · SingleFamily public records

Built 1953 3,484 sqft 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 +16.3/30.0
• ARV discount +7.5/15.0
• DSCR +5.1/10.0
• Rent growth +5.0/5.0
• Livability +4.0/5.0
• 1% rule +3.6/10.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Roomy 5 bedroom , 2 bath rambler with fenced yard. Currently used as a single family home but is rental certified for 5 unrelated. Many updates including a new kitchen, lighting, newer doors and more. All appliances stay & includes a home warranty!

Key facts

• 3,484 sq ft lot
• Garage
• Built 1953

What this means for you Summary

Snapshot

• This is a 5-bed/2.0-bath single-family listed at $205k.

Deal economics

• At list price, monthly cash flow is $113 ($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 $177k (13.6% below list).
• Recommended offer: $177k (13.6% below list) — sets the bar for 1% rule.
• Cap rate 7.0% 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.
• Zoned schools: Washington-Kosciusko Elementary (math 57% / reading 42%, grade D, #423 of 857 statewide, top 55%, 286 students, 69% FRL); Winona Middle (math 23% / reading 38%, grade F, #192 of 258 statewide, top 77%, 641 students, 50% FRL); Winona Senior High (math 37% / reading 47%, grade F, #222 of 471 statewide, top 50%, 881 students, 38% FRL) — zoned schools average 53% FRL vs 31% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+18.0%/yr); 141 active listings in the ZIP; 37 units permitted in Winona County in 2024 (0 in 5+ unit buildings).
• This rent runs 34% 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 0 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 12y 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 $138k; 49% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $177,116 (13.6% below list)

Questions for the listing agent

1. Built in 1953 — 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. 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?
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: 0.86% ✗
• Cap rate: 6.95%
• Cash-on-cash: 2.36%
• DSCR: 1.11
• GRM: 9.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -7.5%
• Equity multiple: 0.71×
• Total profit: $-16,709
• Equity at exit: $30,566

10-year hold

• IRR: 7.1%
• Equity multiple: 1.65×
• Total profit: $37,109
• Equity at exit: $17,725

Cash invested: $57,400 (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: 141
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,771 medium
• Mortgage (P&I): −$1,075
• Tax from tax record: −$126 /mo · $1,508/yr
• Insurance: −$85
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $113

Break-even live

Break-even rent $1,628

Max offer price $205,000

Occupancy floor 89%

Sensitivity live

Price	-10% $229	-5% $171	+0% $113	+5% $55	+10% $-3
Rent	-10% $-27	-5% $43	+0% $113	+5% $183	+10% $253
Rate	-1.0pp $216	-0.5pp $165	base $113	+0.5pp $60	+1.0pp $6

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: $51,250
• Closing costs: $6,150
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-05-18
   listed $205,000
2. 2026-05-18
   historical
3. 2019-04-04
   soldstatus $137,500 Sold 252-char remark

   Show marketing remark (252 chars)

   Roomy 5 bedroom , 2 bath rambler with fenced yard. Currently used as a sing family home but is rental certified for 5 unrelated. Many updates including a new kitchen, lighting, newer doors and more. All appliances stay & includes a home warranty!

4. 2019-04-04
   soldstatus $137,500 Sold 252-char remark

   Show marketing remark (252 chars)

   Roomy 5 bedroom , 2 bath rambler with fenced yard. Currently used as a sing family home but is rental certified for 5 unrelated. Many updates including a new kitchen, lighting, newer doors and more. All appliances stay & includes a home warranty!

5. 2019-04-04
   soldstatus $137,500

   Show marketing remark (252 chars)

   Roomy 5 bedroom , 2 bath rambler with fenced yard. Currently used as a sing family home but is rental certified for 5 unrelated. Many updates including a new kitchen, lighting, newer doors and more. All appliances stay & includes a home warranty!

6. 2019-02-15
   status Pending 252-char remark

   Show marketing remark (252 chars)

   Roomy 5 bedroom , 2 bath rambler with fenced yard. Currently used as a single family home but is rental certified for 5 unrelated. Many updates including a new kitchen, lighting, newer doors and more. All appliances stay & includes a home warranty!

7. 2019-02-15
   status Pending 252-char remark

   Show marketing remark (252 chars)

   Roomy 5 bedroom , 2 bath rambler with fenced yard. Currently used as a single family home but is rental certified for 5 unrelated. Many updates including a new kitchen, lighting, newer doors and more. All appliances stay & includes a home warranty!

8. 2019-02-02
   historical Contingent - Inspection 252-char remark

   Show marketing remark (252 chars)

   Roomy 5 bedroom , 2 bath rambler with fenced yard. Currently used as a single family home but is rental certified for 5 unrelated. Many updates including a new kitchen, lighting, newer doors and more. All appliances stay & includes a home warranty!

9. 2019-01-28
   price $139,000 252-char remark

   Show marketing remark (252 chars)

   Roomy 5 bedroom , 2 bath rambler with fenced yard. Currently used as a single family home but is rental certified for 5 unrelated. Many updates including a new kitchen, lighting, newer doors and more. All appliances stay & includes a home warranty!

10. 2019-01-06
    listed $142,000 Active 252-char remark

    Show marketing remark (252 chars)

    Roomy 5 bedroom , 2 bath rambler with fenced yard. Currently used as a sing family home but is rental certified for 5 unrelated. Many updates including a new kitchen, lighting, newer doors and more. All appliances stay & includes a home warranty!

11. 2019-01-04
    listed $142,000 Active 252-char remark

    Show marketing remark (252 chars)

    Roomy 5 bedroom , 2 bath rambler with fenced yard. Currently used as a single family home but is rental certified for 5 unrelated. Many updates including a new kitchen, lighting, newer doors and more. All appliances stay & includes a home warranty!

12. 2018-12-11
    historical
13. 2016-03-11
    soldstatus $113,900
14. 2016-03-11
    soldstatus $113,900
15. 2015-03-13
    price $119,000
16. 2014-11-13
    historical
17. 2014-09-16
    price $121,900
18. 2014-08-19
    price $124,900
19. 2014-06-05
    price $129,900
20. 2014-04-10
    listed $134,000 Active
21. 2014-04-10
    listed $116,900
22. 2014-04-10
    listed $116,900
23. 2004-03-12
    soldstatus $113,000
24. 1998-06-01
    soldstatus $70,000
25. 1997-04-30
    soldstatus $64,000

ⓘ 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: $1,508 · $126/mo
• Projected year-2 tax: $1,902 · $158/mo
• Expected delta: +$394/yr (+$33/mo · 26.1%)

ⓘ 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 (shaded) · 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 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: $21,254
• − Mortgage interest: −$11,483
• − Property taxes: −$1,508
• − Insurance: −$1,025
• − Repairs & maintenance: −$1,700
• − Management: −$1,700
• − Depreciation: −$5,964
• Taxable loss: −$2,127
• Est. tax savings @ 24.0%: +$510
• After-tax cash flow: $1,867/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

+220.3% since first listed

25 events — show timeline

• 2026-05-18 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-18 Listed $205,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-04-04 Sold (Public Records) $137,500 Public Records
• 2019-04-04 Sold (MLS) $137,500 METROMLS
• 2019-04-04 Sold (MLS) $137,500 NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-15 Pending — METROMLS
• 2019-02-15 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2019-02-02 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2019-01-28 Price Changed $139,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-01-06 Listed $142,000 METROMLS
• 2019-01-04 Listed $142,000 NORTHSTARMLS as Distributed by MLS Grid
• 2018-12-11 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2016-03-11 Sold (Public Records) $113,900 Public Records
• 2016-03-11 Sold (MLS) $113,900 NORTHSTARMLS as Distributed by MLS Grid
• 2015-03-13 Price Changed $119,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-11-13 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2014-09-16 Price Changed $121,900 NORTHSTARMLS as Distributed by MLS Grid
• 2014-08-19 Price Changed $124,900 NORTHSTARMLS as Distributed by MLS Grid
• 2014-06-05 Price Changed $129,900 NORTHSTARMLS as Distributed by MLS Grid
• 2014-04-10 Listed $134,000 NORTHSTARMLS as Distributed by MLS Grid
• 2014-04-10 Listed $116,900 NORTHSTARMLS as Distributed by MLS Grid
• 2014-04-10 Listed $116,900 NORTHSTARMLS as Distributed by MLS Grid
• 2004-03-12 Sold (Public Records) $113,000 Public Records
• 1998-06-01 Sold (Public Records) $70,000 Public Records
• 1997-04-30 Sold (Public Records) $64,000 Public Records

Property tax history

+0.6%/yr

Latest (2025): $1,508 · +5.2% YoY. Source: county tax records.