11410 Dogwood St NW #402 · Coon Rapids, MN 55448

$172,900

2 bd · 1.0 ba · 996 sqft · Condo public records · 56 Days on market

Built 1983 $174/sqft · 28% below area Est $240k · 28% under $200/mo HOA · 10% of rent

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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 +19.9/30.0
• ARV discount +15.0/15.0
• 1% rule +6.3/10.0
• DSCR +6.3/10.0
• Schools +4.7/10.0
• Livability +4.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

New Carpet and fresh paint! Newer kitchen appliances.

Key facts

• New stove
• Bike trails
• Deck

Tags

• CORNER UNIT
• NEW STOVE
• FIREPLACE
• DECK
• QUICK ACCESS TO PARKS
• BIKE TRAILS

Property features AI

Finance

• Financial info: Conventional mortgage financing noted
• HOA & community: HOA: RG Realty Group; Monthly HOA fee of $200 covering lawn care, professional management, and snow removal; No association amenities listed

Exterior

• Parking: Detached garage not indicated; 1 garage space (garage 20x12, door 9' wide x 7' high)
• Utilities: City water connected; City sewer connected; Electric service with circuit breakers (Xcel Energy); Fuel: Electric and natural gas
• Home design: Attached residential property; Two levels; Main-level entry
• Construction: Block and frame construction; Roof replaced or under 8 years old; Slab foundation; Built area and main level finished area consistent with a single-level layout
• Exterior features: Deck; Vinyl exterior; Light tree coverage

Interior

• Kitchen: Range; Dishwasher; Refrigerator
• Bedrooms: 2 bedrooms (both on the main level)
• Bathrooms: 1 full bathroom on the main floor
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: One-level living with main floor laundry; Informal dining area; Wood-burning fireplace (1)
• Laundry & utility: In-unit washer and dryer; Main floor laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $173k.

Deal economics

• At list price, monthly cash flow is $210 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $173k).
• Recommended offer: $168k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.7% vs local median 3.8% in Coon Rapids — 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 86/100 on livability (#12 in MN, #390 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: amenities D.
• Anoka-Hennepin Public School District (suburban): math 49% / reading 55% proficiency, ranked #71 of 301 in MN (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 115 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,083 units permitted in Anoka County in 2024 (134 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Anoka County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 56 days — a 3% lower offer ($168k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 25y 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 $167,713 (3.0% below list)

Questions for the listing agent

1. It's been on market 56 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.13% ✓
• Cap rate: 7.75%
• Cash-on-cash: 5.20%
• DSCR: 1.23
• GRM: 7.4

CMA / ARV

• ARV (median comp): $240,202
• List price: $172,900
• Delta: -25.94%
• Verdict: UNDERPRICED
• Comps: 2 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -8.2%
• Equity multiple: 0.70×
• Total profit: $-14,550
• Equity at exit: $25,780

10-year hold

• IRR: 1.4%
• Equity multiple: 1.10×
• Total profit: $4,980
• Equity at exit: $14,949

Cash invested: $48,412 (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 55448

• Home prices YoY: -27.6%
• Active inventory: 115
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,947 medium
• Mortgage (P&I): −$907
• Tax from tax record: −$150 /mo · $1,799/yr
• Insurance: −$72
• HOA: −$200
• Vacancy / Maint / Mgmt: −$409
• Net cashflow: $210

Break-even live

Break-even rent $1,682

Max offer price $172,900

Occupancy floor 84%

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: $43,225
• Closing costs: $5,187
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
231 Northdale Blvd NW Minneapolis, MN	3.0	1.0	1044	$2,100	$2.01	44d	1	0.24mi
10630 Tamarack St NW Minneapolis, MN	3.0	1.0	900	$1,424	$1.58	24d	1	1.36mi
370 125th Ave NE Blaine, MN	1.0	1.0	929	$2,188	$2.36	2d	18	1.43mi

HOA detail condo

• Monthly dues: $200 · $2,400/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 44 events

1. 2026-06-19
   price $172,900 Active 56 DOM
2. 2026-06-18
   days on market $177,900 Active 56 DOM
3. 2026-06-17
   days on market $177,900 Active 55 DOM
4. 2026-06-16
   days on market $177,900 Active 54 DOM
5. 2026-06-15
   days on market $177,900 Active 53 DOM
6. 2026-06-13
   days on market $177,900 Active 51 DOM
7. 2026-06-13
   days on market $177,900 Active 50 DOM
8. 2026-06-09
   days on market $177,900 Active 47 DOM
9. 2026-06-08
   days on market $177,900 Active 46 DOM
10. 2026-06-07
    days on market $177,900 Active 45 DOM
11. 2026-06-04
    days on market $177,900 Active 42 DOM
12. 2026-06-03
    days on market $177,900 Active 41 DOM
13. 2026-06-02
    days on market $177,900 Active 40 DOM
14. 2026-06-01
    days on market $177,900 Active 39 DOM
15. 2026-05-31
    days on market $177,900 Active 38 DOM
16. 2026-04-23
    listed $177,900 Active 151-char remark
17. 2021-08-20
    soldstatus $168,000
18. 2021-07-30
    soldstatus $168,000 Sold 53-char remark

    Show marketing remark (53 chars)

    New Carpet and fresh paint! Newer kitchen appliances.

19. 2021-07-18
    status Pending 53-char remark

    Show marketing remark (53 chars)

    New Carpet and fresh paint! Newer kitchen appliances.

20. 2021-07-16
    price $154,900 53-char remark

    Show marketing remark (53 chars)

    New Carpet and fresh paint! Newer kitchen appliances.

21. 2021-07-14
    price $159,900 53-char remark

    Show marketing remark (53 chars)

    New Carpet and fresh paint! Newer kitchen appliances.

22. 2021-07-08
    status Active 53-char remark

    Show marketing remark (53 chars)

    New Carpet and fresh paint! Newer kitchen appliances.

23. 2021-07-08
    status Pending 53-char remark

    Show marketing remark (53 chars)

    New Carpet and fresh paint! Newer kitchen appliances.

24. 2021-07-07
    status Active 53-char remark

    Show marketing remark (53 chars)

    New Carpet and fresh paint! Newer kitchen appliances.

25. 2021-07-07
    price $164,800 53-char remark

    Show marketing remark (53 chars)

    New Carpet and fresh paint! Newer kitchen appliances.

26. 2021-06-01
    historical Contingent - Subject to Statutory Rescission 53-char remark

    Show marketing remark (53 chars)

    New Carpet and fresh paint! Newer kitchen appliances.

27. 2021-05-28
    listed $164,900 Active 53-char remark

    Show marketing remark (53 chars)

    New Carpet and fresh paint! Newer kitchen appliances.

28. 2016-07-21
    soldstatus $80,000
29. 2016-05-19
    historical
30. 2016-04-18
    historical Contingent - Other
31. 2016-04-12
    price $94,900
32. 2016-03-15
    price $99,900
33. 2016-02-23
    listed $104,900 Active
34. 2015-06-10
    historical
35. 2015-03-18
    listed $94,900 Active
36. 2011-06-30
    historical
37. 2011-01-10
    listed $74,900
38. 2003-05-22
    soldstatus $112,000
39. 2003-05-16
    soldstatus $112,000
40. 2003-03-24
    historical
41. 2003-02-23
    listed $114,900
42. 2001-08-07
    soldstatus $97,300
43. 2001-05-24
    historical
44. 2001-04-01
    listed $94,900

ⓘ 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: $1,799 · $150/mo
• Projected year-2 tax: $1,868 · $156/mo
• Expected delta: +$69/yr (+$6/mo · 3.8%)

ⓘ 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 ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,368
• − Mortgage interest: −$9,685
• − Property taxes: −$1,799
• − Insurance: −$864
• − Repairs & maintenance: −$1,869
• − Management: −$1,869
• − HOA: −$2,400
• − Depreciation: −$5,030
• Taxable loss: −$150
• Est. tax savings @ 24.0%: +$36
• After-tax cash flow: $2,552/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: Anoka-Hennepin Public School District
• NCES district ID: 2703180
• Math proficiency: 49% ▼ -14.00%
• Reading proficiency: 55% ▼ -10.00%
• Median HH income: $73,837
• Composite: 46.7/100
• National rank: #2400
• State rank: #71 of 301 in MN

Livability — Coon Rapids

• Score: 86/100
• State rank: #12
• US rank: #390

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Coon Rapids, MN
• County: Anoka County · 277,116 people
• City population: 63,468
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 29,005
• Household income: $103,461
• Rent vs Own: 15.9% rent · 84.1% own
• Severe rent burden: 221.0

Population outlook (Anoka County) Hauer SSP2

• Today (2025): 375,223 people
• By 2030: 387,850 · +3.4%
• By 2040: 407,239 · +8.5%
• By 2050: 417,541 · +11.3%
• By 2075: 448,447 · +19.5%
• By 2100: 464,954 · +23.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 8% Asian 7% Hispanic / Latino 7% Two or more races 6%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Portuguese 13% Romanian 5% Lithuanian 3%
• Foreign-born: 11% · Canada, Vietnam, South Korea
• Languages at home: 85% English-only · Spanish 4% Other Asian/Pacific 4% Russian/Polish/Slavic 1%

Political lean MEDSL · Anoka

• 2024 margin: Toss-up / Even · D 46.6% · R 51.0% · Other 2.4%
• 2008→2024 swing: -2.0pp toward R · 2008: -2.4pp · 2024: -4.4pp
• All cycles: 2024: R+4.4 2020: R+1.9 2016: R+9.7 2012: R+2.6 2008: R+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -97.29%
• Current HPI: 254.7687
• Rent YoY: —
• Metro: Minneapolis-St. Paul-Bloomington, 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

+82.2% since first listed

30 events — show timeline

• 2026-06-18 Price Changed $172,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-23 Listed $177,900 NORTHSTARMLS as Distributed by MLS Grid
• 2021-08-20 Sold (Public Records) $168,000 Public Records
• 2021-07-30 Sold (MLS) $168,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-07-18 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2021-07-16 Price Changed $154,900 NORTHSTARMLS as Distributed by MLS Grid
• 2021-07-14 Price Changed $159,900 NORTHSTARMLS as Distributed by MLS Grid
• 2021-07-08 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2021-07-08 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2021-07-07 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2021-07-07 Price Changed $164,800 NORTHSTARMLS as Distributed by MLS Grid
• 2021-06-01 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2021-05-28 Listed $164,900 NORTHSTARMLS as Distributed by MLS Grid
• 2016-07-21 Sold (Public Records) $80,000 Public Records
• 2016-05-19 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2016-04-18 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2016-04-12 Price Changed $94,900 NORTHSTARMLS as Distributed by MLS Grid
• 2016-03-15 Price Changed $99,900 NORTHSTARMLS as Distributed by MLS Grid
• 2016-02-23 Listed $104,900 NORTHSTARMLS as Distributed by MLS Grid
• 2015-06-10 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2015-03-18 Listed $94,900 NORTHSTARMLS as Distributed by MLS Grid
• 2011-06-30 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2011-01-10 Listed $74,900 NORTHSTARMLS as Distributed by MLS Grid
• 2003-05-22 Sold (Public Records) $112,000 Public Records
• 2003-05-16 Sold (MLS) $112,000 NORTHSTARMLS as Distributed by MLS Grid
• 2003-03-24 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2003-02-23 Listed $114,900 NORTHSTARMLS as Distributed by MLS Grid
• 2001-08-07 Sold (MLS) $97,300 NORTHSTARMLS as Distributed by MLS Grid
• 2001-05-24 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2001-04-01 Listed $94,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

-1.1%/yr

Latest (2026): $1,799 · +6.5% YoY. Source: county tax records.