For SaleRisky Deal30 days on market
4983 Mitchell Rd
4983 Mitchell Rd, Big Lake, MN 55309, Big Lake, MN 55309
$350,000
Listing Price
4983 Mitchell Rd, Big Lake, MN 55309
Loc: Big Lake, MN
Days Listed
30
Tax Assessed
$320k
Lot Size
0.28 acres
Type
single family
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
7
Independence Elementary School
3-5
1.8 mi away
5
Big Lake Middle School
6-8
1.7 mi away
9
Big Lake Senior High School
9-12
1.5 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Single Family1999Forced AirCentral Air4 Attached Garage spaces0.28 Acres30 Days$184
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.02%
Total ROI
89.7%
Cash Flow
$-60/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-60/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Big Lake
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-25 | Listed for sale | $350,000 | $184 |
| 1999-07-02 | Sold | $115,900 | $61 |
| 1999-02-24 | Sold | $22,900 | $12 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,766 | $301,923 |
| 2024 | $3,792 | $298,653 |
| 2023 | $3,776 | $309,816 |
| 2022 | $3,694 | $296,627 |
| 2021 | $3,760 | $223,597 |
| 2020 | $3,366 | $210,190 |
| 2019 | $3,760 | $227,000 |
| 2018 | $3,366 | $198,900 |
| 2017 | $2,932 | $179,200 |
| 2016 | $2,708 | $168,300 |
| 2015 | $2,514 | $141,600 |
| 2014 | $2,514 | $136,300 |
| 2013 | $2,066 | $116,600 |
| 2012 | $2,052.6 | $116,600 |
| 2011 | $2,086.86 | $124,500 |
| 2010 | $2,052 | $157,300 |
| 2009 | $2,320 | $176,800 |
| 2008 | $2,587.52 | $203,200 |
| 2007 | $2,587 | $206,000 |
| 2006 | $2,510.45 | $195,500 |
| 2005 | $2,382.49 | $179,900 |
| 2004 | $2,129.64 | $156,400 |
| 2003 | $1,879.42 | $132,200 |
| 2002 | $1,700.22 | $120,200 |
| 2001 | $1,796.22 | $110,500 |
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