307 4th St N · Richardton, ND 58652

$49,950

5 bd · 1.0 ba · 1,421 sqft · Other public records · 51 Days on market

Built 1910 0.32 ac lot

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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
• ARV discount +7.5/15.0
• Appreciation +7.1/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• 0.32 acre lot
• 2 garage spots
• Built 1910

Property features AI

Finance

• Other: Lot size about 0.321 acres (approx. 50 x 140); Above-grade finished area approximately 1,421 (units provided in listing); Total building area approximately 2,257 (units provided in listing)

Exterior

• Parking: Attached or detached 2-car garage
• Utilities: City water connected; City sewer connected; Propane fuel
• Home design: Residential property; One and one-half stories; Main level finished area approximately 836 (units provided in listing)
• Construction: Block foundation
• Exterior features: Wood exterior

Interior

• Bedrooms: 5 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; No central cooling
• Interior features: Full basement

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath other listed at $50k.

Deal economics

• At list price, monthly cash flow is $717 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $50k).
• Recommended offer: $48k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#100 in ND) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: health & safety D+, amenities F, commute F.
• Richardton-Taylor 34 (rural): math 35% / reading 40% proficiency, ranked #111 of 169 in ND (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Taylor-Richardton Elementary School (math 54% / reading 54%, grade C, #39 of 236 statewide, top 21%, 137 students, 28% FRL); Richardton-Taylor Elementary School (math 24% / reading 54%, grade F, #19 of 35 statewide, top 53%, 45 students, 29% FRL); Richardton-Taylor High School (math 32% / reading 52%, grade F, #49 of 144 statewide, top 34%, 132 students, 30% FRL) — zoned schools at 29% FRL track the district average.
• Market conditions: 8 active listings in the ZIP; 20 units permitted in Stark County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $2k of equity ($346 loan paydown + $2k appreciation (4.2% local appreciation)).
• Stark County population projected at +120% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.2% appreciation + 3.0% rent growth), your $14k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($48k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $48,451 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 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 1910 — 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: 2.69% ✓
• Cap rate: 23.51%
• Cash-on-cash: 61.48%
• DSCR: 3.74
• GRM: 3.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.16% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 67.5%
• Equity multiple: 4.92×
• Total profit: $54,823
• Equity at exit: $25,805

10-year hold

• IRR: 66.1%
• Equity multiple: 10.12×
• Total profit: $127,543
• Equity at exit: $42,593

Cash invested: $13,986 (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 58652

• Home prices YoY: 1.9%
• Active inventory: 8
• Price-to-rent: 3.1×

Monthly cashflow live

• Estimated rent: $1,344 medium
• Mortgage (P&I): −$262
• Tax est. 1.5%: −$62 /mo · $749/yr
• Insurance: −$21
• HOA: −$0
• Vacancy / Maint / Mgmt: −$282
• Net cashflow: $717

Break-even live

Break-even rent $437

Max offer price $49,950

Occupancy floor 42%

Sensitivity live

Price	-10% $751	-5% $734	+0% $717	+5% $699	+10% $682
Rent	-10% $610	-5% $664	+0% $717	+5% $770	+10% $823
Rate	-1.0pp $742	-0.5pp $729	base $717	+0.5pp $704	+1.0pp $690

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: $12,488
• Closing costs: $1,498
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-21
   days on market $49,950 Active 51 DOM
2. 2026-06-21
   days on market $49,950 Active 50 DOM
3. 2026-06-18
   days on market $49,950 Active 48 DOM
4. 2026-06-17
   days on market $49,950 Active 47 DOM
5. 2026-06-16
   days on market $49,950 Active 46 DOM
6. 2026-06-15
   days on market $49,950 Active 45 DOM
7. 2026-06-13
   days on market $49,950 Active 43 DOM
8. 2026-06-12
   days on market $49,950 Active 42 DOM
9. 2026-06-09
   days on market $49,950 Active 39 DOM
10. 2026-06-08
    days on market $49,950 Active 38 DOM
11. 2026-06-07
    days on market $49,950 Active 37 DOM
12. 2026-06-05
    days on market $49,950 Active 35 DOM
13. 2026-06-04
    days on market $49,950 Active 33 DOM
14. 2026-06-02
    days on market $49,950 Active 32 DOM
15. 2026-06-01
    days on market $49,950 Active 31 DOM
16. 2026-05-31
    days on market $49,950 Active 30 DOM
17. 2026-05-01
    listed $49,950 Active
18. 2006-02-24
    soldstatus

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥95°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,129
• − Mortgage interest: −$2,798
• − Property taxes: −$749
• − Insurance: −$250
• − Repairs & maintenance: −$1,290
• − Management: −$1,290
• − Depreciation: −$1,453
• Taxable income: $8,298
• Est. tax owed @ 24.0%: −$1,992
• After-tax cash flow: $6,608/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: Richardton-Taylor 34
• NCES district ID: 3800048
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 40% ▲ 5.00%
• Median HH income: $53,877
• Composite: 35.31/100
• National rank: #9820
• State rank: #111 of 169 in ND

Livability — Richardton

• Score: 69/100
• State rank: #100
• US rank: #8799

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Richardton, ND
• Population (ZIP): 1,224

Population outlook (Stark County) Hauer SSP2

• Today (2025): 50,426 people
• By 2030: 60,812 · +20.6%
• By 2040: 84,155 · +66.9%
• By 2050: 110,718 · +119.6%
• By 2075: 186,710 · +270.3%
• By 2100: 264,902 · +425.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Hispanic / Latino 4% Native American 2%
• Common ancestry: Portuguese 10% Scotch-Irish 6% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 90% English-only · German/W. Germanic 2% Russian/Polish/Slavic 2%

Political lean MEDSL · Stark

• 2024 margin: Solid R (+65.6) · D 16.5% · R 82.1% · Other 1.5%
• 2008→2024 swing: -36.5pp toward R · 2008: -29.1pp · 2024: -65.6pp
• All cycles: 2024: R+65.6 2020: R+63.9 2016: R+65.8 2012: R+49.4 2008: R+29.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.16%
• Current HPI: 229.5364
• 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

2 events — show timeline

• 2026-05-01 Listed $49,950 NORTHSTARMLS as Distributed by MLS Grid
• 2006-02-24 Sold (Public Records) — Public Records

Property tax history

+16.8%/yr

Latest (2025): $4,086 · +39.9% YoY. Source: county tax records.