112 Cleveland St · Enderlin, ND 58027

$100,000

2 bd · 2.0 ba · 1,100 sqft · Other · 35 Days on market

Built 1920 5,967 sqft lot

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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 +20.6/30.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• DSCR +6.6/10.0
• 1% rule +4.7/10.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Great Buy! Here's an investment to make you smile. Updated windows and steel siding. Watch the world go by from your front porch. Master bedroom has three closets to handle your storage needs. Close to everything with no neighbors behind. Central air. Currently using space heaters. Appliances included. Cash or conventional financing only.

Key facts

• Half bath
• New furnace
• Laundry room

Tags

• SUNROOM
• SPACIOUS KITCHEN
• HALF BATH
• LAUNDRY ROOM
• NEW ROOF
• NEW FURNACE

Property features AI

Finance

• Other: Lot approximately 0.137 acres (50 x 120); Above-grade finished area: 1,100 (living area reported 1,100); Below-grade area: 480; Total building area: 1,580

Exterior

• Parking: 1-car garage
• Utilities: City water connected; City sewer connected; Propane fuel
• Home design: Residential property; Faces unspecified; Entry level: Main
• Construction: Block foundation; One-and-one-half story construction
• Exterior features: Metal exterior

Interior

• Kitchen: Main-level kitchen
• Bedrooms: 2 bedrooms (both on the upper level)
• Bathrooms: 1 full bath (upper level); 1 half bath (main level)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: One-and-one-half level layout; Basement with block foundation

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath other listed at $100k.

Deal economics

• At list price, monthly cash flow is $134 ($2k/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 $97k (3.4% below list).
• Recommended offer: $97k (3.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 70/100 on livability (#81 in ND) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: employment C-, health & safety D+, schools D.
• Enderlin Area 24 (rural): math 40% / reading 40% proficiency, ranked #99 of 169 in ND (top 59%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 7 active listings in the ZIP; 3 units permitted in Ransom County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $4k of equity ($691 loan paydown + $4k appreciation (3.5% local appreciation)).
• At projected returns (3.5% appreciation + 3.0% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 8, paydown + projected appreciation supports a ~$31k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($97k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y 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 $22k; list at $100k implies a 344% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $96,574 (3.4% below list)

Questions for the listing agent

1. It's been on market 35 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 1920 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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: 0.97% ✗
• Cap rate: 7.90%
• Cash-on-cash: 5.74%
• DSCR: 1.26
• GRM: 8.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.54% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.2%
• Equity multiple: 1.84×
• Total profit: $23,412
• Equity at exit: $48,012

10-year hold

• IRR: 15.7%
• Equity multiple: 3.43×
• Total profit: $67,913
• Equity at exit: $76,455

Cash invested: $28,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 82 Strongly Landlord-Friendly
• State North Dakota: 82 Strongly Landlord-Friendly · R+20
• County: — inherits STATE
• City: — inherits STATE

3-day notice; landlord-friendly.

Methodology + full state rankings →

ZIP-level market 58027

• Home prices YoY: 3.8%
• Active inventory: 7
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $966 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$63 /mo · $756/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$203
• Net cashflow: $134

Break-even live

Break-even rent $796

Max offer price $100,000

Occupancy floor 81%

Sensitivity live

Price	-10% $190	-5% $162	+0% $134	+5% $106	+10% $77
Rent	-10% $58	-5% $96	+0% $134	+5% $172	+10% $210
Rate	-1.0pp $184	-0.5pp $159	base $134	+0.5pp $108	+1.0pp $82

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $100,000 Active 35 DOM
2. 2026-06-17
   days on market $100,000 Active 34 DOM
3. 2026-06-16
   days on market $100,000 Active 33 DOM
4. 2026-06-15
   days on market $100,000 Active 32 DOM
5. 2026-06-13
   days on market $100,000 Active 30 DOM
6. 2026-06-12
   days on market $100,000 Active 29 DOM
7. 2026-06-09
   days on market $100,000 Active 26 DOM
8. 2026-06-08
   days on market $100,000 Active 25 DOM
9. 2026-06-07
   days on market $100,000 Active 24 DOM
10. 2026-06-05
    days on market $100,000 Active 22 DOM
11. 2026-06-04
    days on market $100,000 Active 20 DOM
12. 2026-06-02
    days on market $100,000 Active 19 DOM
13. 2026-06-01
    days on market $100,000 Active 18 DOM
14. 2026-05-31
    days on market $100,000 Active 17 DOM
15. 2026-05-14
    listed $100,000 Active
16. 2018-01-22
    soldstatus
17. 2018-01-18
    soldstatus $22,500 349-char remark

    Show marketing remark (349 chars)

    Great Buy! Here's an investment to make you smile. Updated windows and steel siding. Watch the world go by from your front porch. Master bedroom has three closets to handle your storage needs. Close to everything with no neighbors behind. Central air. Currently using space heaters. Appliances included. Cash or conventional financing only.

18. 2017-12-05
    listed $29,900 349-char remark

    Show marketing remark (349 chars)

    Great Buy! Here's an investment to make you smile. Updated windows and steel siding. Watch the world go by from your front porch. Master bedroom has three closets to handle your storage needs. Close to everything with no neighbors behind. Central air. Currently using space heaters. Appliances included. Cash or conventional financing only.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast ND · Resets to sale price

• Current annual tax: $756 · $63/mo
• Projected year-2 tax: $980 · $82/mo
• Expected delta: +$224/yr (+$19/mo · 29.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌡 Heat 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,589
• − Mortgage interest: −$5,602
• − Property taxes: −$756
• − Insurance: −$500
• − Repairs & maintenance: −$927
• − Management: −$927
• − Depreciation: −$2,909
• Taxable loss: −$32
• Est. tax savings @ 24.0%: +$8
• After-tax cash flow: $1,614/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: Enderlin Area 24
• NCES district ID: 3800061
• Math proficiency: 40% ▲ 5.00%
• Reading proficiency: 40% ▲ 5.00%
• Median HH income: $50,999
• Composite: 37.02/100
• National rank: #9082
• State rank: #99 of 169 in ND

Livability — Enderlin

• Score: 70/100
• State rank: #81
• US rank: #7757

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Enderlin, ND
• Population (ZIP): 1,433

Population outlook (Ransom County) Hauer SSP2

• Today (2025): 5,517 people
• By 2030: 5,534 · +0.3%
• By 2040: 5,574 · +1.0%
• By 2050: 5,654 · +2.5%
• By 2075: 6,316 · +14.5%
• By 2100: 6,749 · +22.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Hispanic / Latino 3% Two or more races 2%
• Common ancestry: Portuguese 27% Lithuanian 2% Danish 2%
• Foreign-born: 2% · Canada, South Korea
• Languages at home: 95% English-only · German/W. Germanic 3% Other Asian/Pacific 1% Spanish 1%

Political lean MEDSL · Ransom

• 2024 margin: Strong R (+28.2) · D 35.0% · R 63.1% · Other 1.9%
• 2008→2024 swing: -43.5pp toward R · 2008: 15.3pp · 2024: -28.2pp
• All cycles: 2024: R+28.2 2020: R+19.3 2016: R+16.1 2012: D+13.8 2008: D+15.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 3.54%
• Current HPI: 96.8902
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.09%
• F500 in state: 2

Industry mix (Fortune 500 HQ in ND)

Industry	F500 HQs	Revenue
▸Utilities / Construction	1	$6B

Price history

+234.4% since first listed

4 events — show timeline

• 2026-05-14 Listed $100,000 NORTHSTARMLS as Distributed by MLS Grid
• 2018-01-22 Sold (Public Records) — Public Records
• 2018-01-18 Sold (MLS) $22,500 NORTHSTARMLS as Distributed by MLS Grid
• 2017-12-05 Listed $29,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+4.7%/yr

Latest (2025): $756 · +2.8% YoY. Source: county tax records.