212 2nd Ave · Enderlin, ND 58027

$67,000

2 bd · 1.0 ba · 756 sqft · Other · 254 Days on market

Built 1910 3,500 sqft 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 +28.9/30.0
• DSCR +10.0/10.0
• 1% rule +7.5/10.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• 3 season porch
• Interior updated
• 3,500 sq ft lot

Tags

• INTERIOR UPDATED
• 3 SEASON PORCH

Property features AI

Finance

• Other: Lot approximately 3,500 square feet (25 x 140); Above-grade finished area and living area reported as 756; Below-grade area reported as 378; Total building area reported as 1,134

Exterior

• Parking: 1-car garage
• Utilities: City water connected; City sewer connected; Oil fuel
• Home design: Residential property; One story; Main-level entry
• Construction: Concrete foundation; Foundation listed as other
• Exterior features: Vinyl exterior; Porch

Interior

• Kitchen: Range; Microwave; Refrigerator
• Bedrooms: 2 bedrooms on the main level
• Bathrooms: 1 full bathroom on the main level
• Heating & cooling: Forced air heating; Other heating; No central air
• Interior features: Porch; Concrete basement
• Laundry & utility: Washer; Dryer; Main-level laundry

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $67k.

Deal economics

• At list price, monthly cash flow is $227 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($840 rent vs $67k).
• Recommended offer: $59k (12.0% below list) — sets the bar for market timing.

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 $3k of equity ($463 loan paydown + $2k appreciation (3.5% local appreciation)).
• At projected returns (3.5% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 254 days — a 12% lower offer ($59k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

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

Recommended offer $58,960 (12.0% below list)

Questions for the listing agent

1. It's been on market 254 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 1910 — 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. 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?
6. 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.
7. 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.
8. 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: 1.25% ✓
• Cap rate: 10.36%
• Cash-on-cash: 14.51%
• DSCR: 1.65
• GRM: 6.6

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: 22.3%
• Equity multiple: 2.30×
• Total profit: $24,434
• Equity at exit: $32,168

10-year hold

• IRR: 22.8%
• Equity multiple: 4.43×
• Total profit: $64,418
• Equity at exit: $51,225

Cash invested: $18,760 (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: 6.6×

Monthly cashflow live

• Estimated rent: $840 medium
• Mortgage (P&I): −$351
• Tax from tax record: −$58 /mo · $691/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$176
• Net cashflow: $227

Break-even live

Break-even rent $553

Max offer price $67,000

Occupancy floor 68%

Sensitivity live

Price	-10% $265	-5% $246	+0% $227	+5% $208	+10% $189
Rent	-10% $160	-5% $194	+0% $227	+5% $260	+10% $293
Rate	-1.0pp $261	-0.5pp $244	base $227	+0.5pp $209	+1.0pp $192

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: $16,750
• Closing costs: $2,010
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-21
   days on market $67,000 Active 254 DOM
2. 2026-06-18
   days on market $67,000 Active 252 DOM
3. 2026-06-17
   days on market $67,000 Active 251 DOM
4. 2026-06-16
   days on market $67,000 Active 250 DOM
5. 2026-06-15
   days on market $67,000 Active 249 DOM
6. 2026-06-13
   days on market $67,000 Active 247 DOM
7. 2026-06-12
   days on market $67,000 Active 246 DOM
8. 2026-06-09
   days on market $67,000 Active 243 DOM
9. 2026-06-08
   days on market $67,000 Active 242 DOM
10. 2026-06-07
    days on market $67,000 Active 241 DOM
11. 2026-06-05
    days on market $67,000 Active 239 DOM
12. 2026-06-04
    days on market $67,000 Active 237 DOM
13. 2026-06-02
    days on market $67,000 Active 236 DOM
14. 2026-06-01
    days on market $67,000 Active 235 DOM
15. 2026-05-31
    days on market $67,000 Active 234 DOM
16. 2025-10-08
    listed $67,000 Active

ⓘ 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: $691 · $58/mo
• Projected year-2 tax: $691 · $58/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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: $10,082
• − Mortgage interest: −$3,753
• − Property taxes: −$691
• − Insurance: −$335
• − Repairs & maintenance: −$807
• − Management: −$807
• − Depreciation: −$1,949
• Taxable income: $1,740
• Est. tax owed @ 24.0%: −$418
• After-tax cash flow: $2,304/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

1 event — show timeline

• 2025-10-08 Listed $67,000 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+6.7%/yr

Latest (2025): $691 · +2.0% YoY. Source: county tax records.