307 County Road 14 · Underwood, ND 58576

$15,000

3 bd · 1.0 ba · 1,220 sqft · SingleFamily public records · 3 Days on market

Built 1920 0.32 ac lot ↓ 21% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +5.4/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Investment Opportunity/Handyman Special: This property presents a unique opportunity for investors or those with a vision for renovation. This property is in need of significant repair and is being sold as-is. The lot offers ample space and potential including a one stall detached garage. This is an ideal project for an experienced investor or contractor looking for a rewarding challenge.

Key facts

• Ample space
• Detached garage
• 0.32 acre lot

Tags

• DETACHED GARAGE
• AMPLE SPACE

Property features AI

Finance

• Other: Lot is irregular with dimensions approximately 70 x 175 x 70 x 227; Road frontage on city street and county road; public maintained asphalt road; Lot size about 0.32 acres
• Financial info: Tax amount provided (financial details excluded per instructions)
• HOA & community: No HOA information provided

Exterior

• Parking: Has garage with 1 garage space
• Security: Security information not provided
• Utilities: Public water; Public sewer; Natural gas available and connected; Electricity available; Cable available; Phone available; Water available
• Home design: Single Family Residence; Residential property
• Construction: Construction materials: Other; Block foundation; Asphalt roof; Built area above grade: 1,440 (listed)
• Exterior features: Deck; No additional exterior features listed

Interior

• Kitchen: Appliances listed as 'Other'
• Bedrooms: 3 total rooms (includes bedrooms and living areas); Has basement
• Flooring: Flooring details not provided
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced-air heating (natural gas); Cooling: none
• Interior features: Appliances: Other; Interior entry partial basement
• Laundry & utility: Washer/Dryer information not provided

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $749 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $15k).

Location & tenants

• Location reads 70/100 on livability (#78 in ND) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B; Watch: amenities F, commute F, health & safety D-.
• Underwood 8 (rural): math 40% / reading 55% proficiency, ranked #63 of 169 in ND (top 37%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Market conditions: 13 active listings in the ZIP; 43 units permitted in McLean County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $235 of equity ($104 loan paydown + $131 appreciation (0.9% local appreciation)).
• McLean County population projected at +48% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (0.9% appreciation + 3.0% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 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.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $15,000

Questions for the listing agent

1. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 7.19% ✓
• Cap rate: 66.19%
• Cash-on-cash: 213.92%
• DSCR: 10.52
• GRM: 1.2

CMA / ARV

• ARV (on-the-fly): $109,800
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
408 Sayler St	0.33mi	3/1.0	1,221 (+0%)	1mo	$169,000	$138	84
117 Summit St	0.11mi	2/2.0 (-1)	1,216 (-0%)	6mo	$109,000	$90	80
501 Summit St	0.35mi	3/1.0	1,200 (-2%)	14mo	$99,900	$83	69
308 Borchardt Ave	0.39mi	2/1.0 (-1)	1,200 (-2%)	10mo	$79,900	$67	66
600 2nd St	0.36mi	3/1.0	1,256 (+3%)	19mo	$190,000	$151	62
411 Mckinley Ave	0.37mi	3/1.5	1,312 (+8%)	14mo	$79,900	$61	57

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.87% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 12.40×
• Total profit: $47,891
• Equity at exit: $5,022

10-year hold

• IRR: —
• Equity multiple: 26.21×
• Total profit: $105,877
• Equity at exit: $6,599

Cash invested: $4,200 (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 58576

• Home prices YoY: 0.5%
• Active inventory: 13
• Price-to-rent: 1.2×

Monthly cashflow live

• Estimated rent: $1,079 medium
• Mortgage (P&I): −$79
• Tax est. 1.5%: −$19 /mo · $225/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$227
• Net cashflow: $749

Break-even live

Break-even rent $131

Max offer price $15,000

Occupancy floor 26%

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Listing history 3 events

1. 2026-06-18
   days on market $15,000 Active 3 DOM
2. 2026-06-17
   days on market $15,000 Active 2 DOM
3. 2026-06-16
   listed $15,000 Active 1 DOM

ⓘ 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 6/10 Major FEMA zone X (unshaded) · 68% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,948
• − Mortgage interest: −$840
• − Property taxes: −$225
• − Insurance: −$75
• − Repairs & maintenance: −$1,036
• − Management: −$1,036
• − Depreciation: −$436
• Taxable income: $9,300
• Est. tax owed @ 24.0%: −$2,232
• After-tax cash flow: $6,753/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: Underwood 8
• NCES district ID: 3818660
• Math proficiency: 40% ▼ -5.00%
• Reading proficiency: 55% ▼ -10.00%
• Median HH income: $54,442
• Composite: 43.22/100
• National rank: #6568
• State rank: #63 of 169 in ND

Livability — Underwood

• Score: 70/100
• State rank: #78
• US rank: #7630

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Underwood, ND
• Population (ZIP): 1,005

Population outlook (McLean County) Hauer SSP2

• Today (2025): 11,405 people
• By 2030: 12,337 · +8.2%
• By 2040: 14,426 · +26.5%
• By 2050: 16,850 · +47.7%
• By 2075: 24,191 · +112.1%
• By 2100: 30,714 · +169.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Two or more races 7%
• Common ancestry: Portuguese 15% Scotch-Irish 2% Italian 2%
• Foreign-born: 2% · Canada
• Languages at home: 98% English-only · German/W. Germanic 1%

Political lean MEDSL · McLean

• 2024 margin: Solid R (+58.1) · D 20.2% · R 78.4% · Other 1.4%
• 2008→2024 swing: -39.1pp toward R · 2008: -19.0pp · 2024: -58.1pp
• All cycles: 2024: R+58.1 2020: R+53.6 2016: R+53.0 2012: R+30.0 2008: R+19.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.87%
• Current HPI: 172.7268
• 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

-21.1% since first listed

4 events — show timeline

• 2026-06-08 Listed $15,000 GNMLS
• 2025-06-11 Sold (MLS) — GNMLS
• 2025-05-01 Pending — GNMLS
• 2025-04-30 Listed $19,000 GNMLS

Property tax history

+10.3%/yr

Latest (2025): $1,010 · +181.2% YoY. Source: county tax records.