608 2nd St S · Strasburg, ND 58573

$79,900

3 bd · 2.0 ba · 1,444 sqft · SingleFamily · 9 Days on market

Built 1955 Fair condition 10,584 sqft lot Est $66k · 20% 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
• DSCR +10.0/10.0
• 1% rule +8.8/10.0
• Schools +6.0/10.0
• Appreciation +5.0/10.0
• Livability +3.3/5.0
• Rent growth +2.5/5.0
• Condition / age +2.2/5.0
• ARV discount +0.0/15.0

Key facts

• Screened deck
• New breaker box
• Attached garage

Tags

• LAUNDRY ON THE MAIN FLOOR
• ATTACHED GARAGE
• DETACHED GARAGE
• SCREENED DECK
• NEW BREAKER BOX
• NEW PLEX PLUMBING

Property features AI

Finance

• Other: Level, rectangular lot (50 x 212; 0.24 acres)

Exterior

• Parking: Attached garage; Detached garage; Garage door opener; Garage faces front; Additional parking; 3 garage spaces; Second garage (other structure)
• Security: Smoke detectors
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level
• Construction: Concrete and vinyl siding construction; Concrete perimeter foundation; Metal roof; Basement: concrete, full, partially finished
• Exterior features: Storage; Porch (screened)

Interior

• Kitchen: Electric cooktop; Oven; Range; Microwave; Refrigerator; Pantry
• Bedrooms: See listing for bedroom count and locations
• Flooring: Vinyl; Carpet; Laminate
• Bathrooms: 1 full bathroom; 1 three-quarter bathroom
• Heating & cooling: Forced air heating (oil); Central air conditioning; Ceiling fans
• Interior features: Ceiling fans; Pantry; Window treatments; Dryer, Washer; Electric cooktop, Oven, Range, Microwave; Refrigerator; Vinyl, Carpet, Laminate flooring
• Laundry & utility: Washer and Dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $80k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $318 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).

Location & tenants

• Location reads 66/100 on livability (#164 in ND) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: crime D+, amenities F, commute F.
• Strasburg 15 (rural): math 65% / reading 75% proficiency, ranked #5 of 169 in ND (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical.
• Market conditions: 5 active listings in the ZIP; 26 units permitted in Emmons County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($552 loan paydown + $2k appreciation (3.0% local appreciation)).
• Emmons County population projected at -13% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,900

Questions for the listing agent

1. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
2. Built in 1955 — 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. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
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: 1.38% ✓
• Cap rate: 11.07%
• Cash-on-cash: 17.07%
• DSCR: 1.76
• GRM: 6.0

CMA / ARV

• ARV (on-the-fly): $66,424
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
607 1st St N	0.10mi	3/2.0	1,557 (+8%)	14mo	$19,900	$13	70
800 S 1st St	0.12mi	2/1.0 (-1)	1,500 (+4%)	13mo	$69,500	$46	68

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: 23.5%
• Equity multiple: 2.34×
• Total profit: $29,916
• Equity at exit: $35,926

10-year hold

• IRR: 24.4%
• Equity multiple: 4.49×
• Total profit: $78,121
• Equity at exit: $55,367

Cash invested: $22,372 (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 58573

• Active inventory: 5
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,102 medium
• Mortgage (P&I): −$419
• Tax est. 1.5%: −$100 /mo · $1,198/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $318

Break-even live

Break-even rent $699

Max offer price $79,900

Occupancy floor 66%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Listing history 2 events

1. 2026-05-21
   status Pending
2. 2026-05-12
   listed $79,900 Active

ⓘ 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 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 12 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,223
• − Mortgage interest: −$4,476
• − Property taxes: −$1,198
• − Insurance: −$400
• − Repairs & maintenance: −$1,058
• − Management: −$1,058
• − Depreciation: −$2,324
• Taxable income: $2,709
• Est. tax owed @ 24.0%: −$650
• After-tax cash flow: $3,170/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.

Condition & rehab AI · 13 photos

Fair 45/100 Moderate rehab

The home requires moderate renovations, including painting, roof replacement, and exterior siding repair, to improve its condition and value.

Repairs flagged

• Major paint — visible wear on interior walls
• Major roof — visible roof structure
• Major exterior siding — some discoloration

Value-add opportunities

• Resale paint job — enhances curb appeal
• Resale roof replacement — improves structural integrity
• Resale exterior siding repair — enhances curb appeal

Renovation cost estimate screening

Repair item	Severity	Est. cost
paint · visible wear on interior walls	Major	$15,000–50,000
roof · visible roof structure	Major	$15,000–50,000
exterior siding · some discoloration	Major	$15,000–50,000
Total estimated repair cost · 3 items		$45,000–150,000

Value-add ROI direction

• Resale paint job — enhances curb appeal ↑
• Resale roof replacement — improves structural integrity ↑
• Resale exterior siding repair — enhances curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Strasburg 15
• NCES district ID: 3800016
• Math proficiency: 65% ▲ 20.00%
• Reading proficiency: 75% ▲ 20.00%
• Median HH income: $45,320
• Composite: 60.1/100
• National rank: #1776
• State rank: #5 of 169 in ND

Livability — Strasburg

• Score: 66/100
• State rank: #164
• US rank: #11752

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Strasburg, ND
• Population (ZIP): 736

Population outlook (Emmons County) Hauer SSP2

• Today (2025): 3,079 people
• By 2030: 2,966 · -3.7%
• By 2040: 2,820 · -8.4%
• By 2050: 2,665 · -13.4%
• By 2075: 2,909 · -5.5%
• By 2100: 2,703 · -12.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (99%)
• Race & ethnicity: White 99%
• Common ancestry: Scotch-Irish 15% Iranian 9% Portuguese 7%
• Foreign-born: 1%
• Languages at home: 90% English-only · German/W. Germanic 6% Spanish 2% Russian/Polish/Slavic 1%

Political lean MEDSL · Emmons

• 2024 margin: Solid R (+77.6) · D 10.7% · R 88.2% · Other 1.1%
• 2008→2024 swing: -40.4pp toward R · 2008: -37.2pp · 2024: -77.6pp
• All cycles: 2024: R+77.6 2020: R+74.7 2016: R+74.4 2012: R+56.2 2008: R+37.2

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

2 events — show timeline

• 2026-05-21 Pending — GNMLS
• 2026-05-12 Listed $79,900 GNMLS