205 Badger St S · Wishek, ND 58495

$77,900

3 bd · 2.5 ba · 2,596 sqft · SingleFamily · 199 Days on market

Built 1969 0.32 ac lot Est $148k · 47% under ↓ 14% since listing

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Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.0/10.0
• Schools +4.4/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• New entry door
• Natural light
• Main floor laundry

Tags

• MAIN FLOOR
• NEW ENTRY DOOR
• NATURAL LIGHT
• MAIN FLOOR LAUNDRY
• ADDITIONAL STORAGE
• BREEZE WAY

Property features AI

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single family residence; Two stories; Residential property
• Construction: Wood siding / lap siding; Concrete perimeter foundation; Built with asphalt shingle roof
• Exterior features: Level, rectangular lot; No additional exterior features listed; Shingle/asphalt roof

Interior

• Kitchen: Dishwasher; Range
• Flooring: Carpet; Laminate; Linoleum
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Dishwasher; Dryer; Range; Washer; Full, partially finished basement; 14 total rooms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $439 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $78k).
• Recommended offer: $69k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 78/100 on livability (#9 in ND, #2,743 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, employment C-, amenities F.
• Wishek 19 (rural): math 50% / reading 50% proficiency, ranked #58 of 169 in ND (top 34%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 6 active listings in the ZIP.

Forward outlook

• In year one you build about $3k of equity ($539 loan paydown + $2k appreciation (3.0% local appreciation)).
• McIntosh County population projected at +8% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 199 days — a 12% lower offer ($69k) is reasonable based on typical stale-listing flexibility.

Recommended offer $68,552 (12.0% below list)

Questions for the listing agent

1. It's been on market 199 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.59% ✓
• Cap rate: 13.05%
• Cash-on-cash: 24.14%
• DSCR: 2.07
• GRM: 5.2

CMA / ARV

• ARV (on-the-fly): $147,972
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
209 10th St	0.05mi	3/2.5	2,628 (+1%)	16mo	$151,000	$57	83

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: 30.3%
• Equity multiple: 2.71×
• Total profit: $37,346
• Equity at exit: $35,027

10-year hold

• IRR: 30.7%
• Equity multiple: 5.30×
• Total profit: $93,824
• Equity at exit: $53,981

Cash invested: $21,812 (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 58495

• Active inventory: 6
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,237 medium
• Mortgage (P&I): −$409
• Tax est. 1.5%: −$97 /mo · $1,168/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$260
• Net cashflow: $439

Break-even live

Break-even rent $681

Max offer price $77,900

Occupancy floor 60%

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: $19,475
• Closing costs: $2,337
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-18
   days on market $77,900 Active 199 DOM
2. 2026-06-17
   days on market $77,900 Active 198 DOM
3. 2026-06-16
   days on market $77,900 Active 197 DOM
4. 2026-06-15
   days on market $77,900 Active 196 DOM
5. 2026-06-13
   days on market $77,900 Active 194 DOM
6. 2026-06-12
   pricedays on market $77,900 Active 193 DOM
7. 2026-06-09
   days on market $82,000 Active 190 DOM
8. 2026-06-08
   days on market $82,000 Active 189 DOM
9. 2026-06-07
   days on market $82,000 Active 188 DOM
10. 2026-06-05
    days on market $82,000 Active 186 DOM
11. 2026-06-04
    days on market $82,000 Active 184 DOM
12. 2026-06-02
    days on market $82,000 Active 183 DOM
13. 2026-06-01
    days on market $82,000 Active 182 DOM
14. 2026-05-31
    days on market $82,000 Active 181 DOM
15. 2026-04-20
    price $82,000
16. 2026-03-16
    price $85,750
17. 2026-01-15
    price $90,250
18. 2025-12-01
    listed $95,000 Active

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

Taxation est. · year 1

• Rental income: $14,842
• − Mortgage interest: −$4,364
• − Property taxes: −$1,168
• − Insurance: −$390
• − Repairs & maintenance: −$1,187
• − Management: −$1,187
• − Depreciation: −$2,266
• Taxable income: $4,279
• Est. tax owed @ 24.0%: −$1,027
• After-tax cash flow: $4,238/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: Wishek 19
• NCES district ID: 3820190
• Math proficiency: 50% ▬ 0.00%
• Reading proficiency: 50% ▲ 5.00%
• Median HH income: $44,344
• Composite: 44.27/100
• National rank: #6173
• State rank: #58 of 169 in ND

Livability — Wishek

• Score: 78/100
• State rank: #9
• US rank: #2743

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wishek, ND
• Population (ZIP): 1,203

Population outlook (McIntosh County) Hauer SSP2

• Today (2025): 2,626 people
• By 2030: 2,610 · -0.6%
• By 2040: 2,704 · +3.0%
• By 2050: 2,823 · +7.5%
• By 2075: 3,674 · +39.9%
• By 2100: 4,414 · +68.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Scotch-Irish 21% Portuguese 3% Romanian 3%
• Foreign-born: 6% · Canada
• Languages at home: 85% English-only · German/W. Germanic 10% Spanish 4%

Political lean MEDSL · McIntosh

• 2024 margin: Solid R (+65.4) · D 16.6% · R 82.0% · Other 1.4%
• 2008→2024 swing: -43.4pp toward R · 2008: -22.0pp · 2024: -65.4pp
• All cycles: 2024: R+65.4 2020: R+61.3 2016: R+60.6 2012: R+37.9 2008: R+22.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• 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

-13.7% since first listed

4 events — show timeline

• 2026-04-20 Price Changed $82,000 GNMLS
• 2026-03-16 Price Changed $85,750 GNMLS
• 2026-01-15 Price Changed $90,250 GNMLS
• 2025-12-01 Listed $95,000 GNMLS