432 7th Ave NE · Valley City, ND 58072

$49,000

2 bd · 1.0 ba · 736 sqft · SingleFamily public records · 38 Days on market

Built 1926 7,492 sqft lot Est $44k · 11% over

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.9/10.0
• Livability +3.7/5.0
• ARV discount +2.6/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Two bedroom, one bathroom home located in NE Valley City on a large lot near the hospital. Home has natural gas forced air heat and central air. Plus, an attached shed and a second large shed. Owner/agent. Call today to tour!

Key facts

• Large lot
• Second large shed
• Attached shed

Tags

• LARGE LOT
• NATURAL GAS FORCED AIR HEAT
• CENTRAL AIR
• ATTACHED SHED
• SECOND LARGE SHED

Property features AI

Exterior

• Parking: On-street parking only
• Utilities: City water connected; City sewer connected; Natural gas
• Home design: Residential property; One level
• Construction: Poured concrete foundation
• Exterior features: Stucco exterior; Lot about 0.172 acres (approximately 50' x 150')

Interior

• Kitchen: Kitchen on the main level; Includes dishwasher, range, refrigerator
• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Dishwasher, Range, Refrigerator; Unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $49k.

Deal economics

• At list price, monthly cash flow is $302 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($796 rent vs $49k).
• Recommended offer: $48k (3.0% below list) — sets the bar for market timing.
• Cap rate 13.7% vs local median 3.5% in Valley City — 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 74/100 on livability (#30 in ND, #4,920 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: health & safety D+, amenities F, commute F.
• Valley City 2 (town): math 52% / reading 40% proficiency, ranked #21 of 53 in ND (top 40%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 77 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 9 units permitted in Barnes County in 2024 (0 in 5+ unit buildings).
• This rent is only 15% of the median local income ($64k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $339 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Barnes County population projected at +5% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 38 days — a 3% lower offer ($48k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 $36k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1926 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $47,530 (3.0% below list)

Questions for the listing agent

1. It's been on market 38 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 1926 — 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 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?
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: 1.62% ✓
• Cap rate: 13.69%
• Cash-on-cash: 26.41%
• DSCR: 2.17
• GRM: 5.1

CMA / ARV

• ARV (on-the-fly): $44,160
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
346 College St SE	0.59mi	2/1.0	744 (+1%)	9mo	$44,900	$60	63

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: 20.2%
• Equity multiple: 1.82×
• Total profit: $11,293
• Equity at exit: $7,306

10-year hold

• IRR: 28.4%
• Equity multiple: 3.52×
• Total profit: $34,614
• Equity at exit: $4,237

Cash invested: $13,720 (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 58072

• Active inventory: 77
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $796 medium
• Mortgage (P&I): −$257
• Tax from tax record: −$50 /mo · $595/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$167
• Net cashflow: $302

Break-even live

Break-even rent $414

Max offer price $49,000

Occupancy floor 57%

Sensitivity live

Price	-10% $330	-5% $316	+0% $302	+5% $288	+10% $274
Rent	-10% $239	-5% $270	+0% $302	+5% $333	+10% $365
Rate	-1.0pp $327	-0.5pp $314	base $302	+0.5pp $289	+1.0pp $276

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: $12,250
• Closing costs: $1,470
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
735 4th Ave NE Valley City, ND	1.0–2.0	1.0	640	$650	$1.02	24d	3	0.37mi

Listing history 19 events

1. 2026-06-19
   days on market $49,000 Active 38 DOM
2. 2026-06-18
   days on market $49,000 Active 37 DOM
3. 2026-06-17
   days on market $49,000 Active 36 DOM
4. 2026-06-16
   days on market $49,000 Active 35 DOM
5. 2026-06-15
   days on market $49,000 Active 34 DOM
6. 2026-06-14
   days on market $49,000 Active 32 DOM
7. 2026-06-12
   days on market $49,000 Active 31 DOM
8. 2026-06-09
   days on market $49,000 Active 28 DOM
9. 2026-06-08
   days on market $49,000 Active 27 DOM
10. 2026-06-07
    days on market $49,000 Active 26 DOM
11. 2026-06-05
    days on market $49,000 Active 24 DOM
12. 2026-06-04
    days on market $49,000 Active 22 DOM
13. 2026-06-02
    days on market $49,000 Active 21 DOM
14. 2026-06-01
    days on market $49,000 Active 20 DOM
15. 2026-05-31
    days on market $49,000 Active 19 DOM
16. 2026-05-31
    days on market $49,000 Active 18 DOM
17. 2026-05-12
    listed $49,000 Active 225-char remark

    Show marketing remark (225 chars)

    Two bedroom, one bathroom home located in NE Valley City on a large lot near the hospital. Home has natural gas forced air heat and central air. Plus, an attached shed and a second large shed. Owner/agent. Call today to tour!

18. 2026-05-12
    listed $49,000 Active

    Show marketing remark (225 chars)

    Two bedroom, one bathroom home located in NE Valley City on a large lot near the hospital. Home has natural gas forced air heat and central air. Plus, an attached shed and a second large shed. Owner/agent. Call today to tour!

19. 2011-06-24
    soldstatus $36,200

ⓘ 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: $595 · $50/mo
• Projected year-2 tax: $595 · $50/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $9,553
• − Mortgage interest: −$2,745
• − Property taxes: −$595
• − Insurance: −$245
• − Repairs & maintenance: −$764
• − Management: −$764
• − Depreciation: −$1,425
• Taxable income: $3,014
• Est. tax owed @ 24.0%: −$723
• After-tax cash flow: $2,900/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: Valley City 2
• NCES district ID: 3818850
• Math proficiency: 52% ▼ -5.00%
• Reading proficiency: 40% ▼ -13.00%
• Median HH income: $47,717
• Composite: 39.31/100
• National rank: #3992
• State rank: #21 of 53 in ND

Livability — Valley City

• Score: 74/100
• State rank: #30
• US rank: #4920

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: Valley City, ND
• County: Barnes County · 7,863 people
• City population: 7,863
• Metro: nan
• Population (ZIP): 7,863
• Household income: $64,375
• Rent vs Own: 37.4% rent · 62.6% own
• Severe rent burden: 251.0

Population outlook (Barnes County) Hauer SSP2

• Today (2025): 11,119 people
• By 2030: 11,184 · +0.6%
• By 2040: 11,336 · +2.0%
• By 2050: 11,647 · +4.7%
• By 2075: 14,006 · +26.0%
• By 2100: 17,179 · +54.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 3% Hispanic / Latino 2% Asian 2% Black 2% Native American 1%
• Common ancestry: Portuguese 27% Romanian 4% Scotch-Irish 3%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Tagalog/Filipino 1% Spanish 1% Other Asian/Pacific 1%

Political lean MEDSL · Barnes

• 2024 margin: Solid R (+35.3) · D 31.4% · R 66.7% · Other 1.9%
• 2008→2024 swing: -33.8pp toward R · 2008: -1.5pp · 2024: -35.3pp
• All cycles: 2024: R+35.3 2020: R+31.4 2016: R+29.7 2012: R+10.3 2008: R+1.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -156.64%
• Current HPI: 130.2036
• Rent YoY: —
• Metro: nan
• 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

+35.4% since first listed

3 events — show timeline

• 2026-05-12 Listed $49,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-12 Listed $49,000 GNMLS
• 2011-06-24 Sold (Public Records) $36,200 Public Records

Property tax history

-0.4%/yr

Latest (2025): $595 · -18.0% YoY. Source: county tax records.