842 Center St · Enderlin, ND 58027

$92,500

2 bd · 1.0 ba · 1,125 sqft · Other · 97 Days on market

Built 1920 0.30 ac lot

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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 +23.6/30.0
• DSCR +7.6/10.0
• ARV discount +7.5/15.0
• Appreciation +6.8/10.0
• 1% rule +5.7/10.0
• Schools +3.7/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

House on the Hill! Step inside to find a charming 1 1/2 story home that has been refreshed throughout! The main level is spacious and ready to host your next gathering! Head upstairs to find the bedrooms and bathrooms that let in great natural light! Room to build a garage! Come see it today! Owner is licensed agent.

Key facts

• Shelved storage
• Remodeled kitchen
• New flooring

Tags

• OPEN KITCHEN
• REMODELED KITCHEN
• BUILT-IN STORAGE
• NEW FLOORING
• WALK-IN CLOSETS
• SHELVED STORAGE

Property features AI

Finance

• Financial info: Conventional financing available

Exterior

• Parking: Shared driveway
• Utilities: City water connected; City sewer connected; Natural gas; Electric service with circuit breakers
• Home design: Residential property; Two levels; Irregular lot shape
• Construction: Block foundation
• Exterior features: Vinyl exterior; City street and paved street frontage; Publicly maintained roads

Interior

• Kitchen: Range; Dishwasher; Refrigerator; Kitchen window
• Bedrooms: 2 bedrooms (both on the upper level)
• Bathrooms: 1 full bathroom (upper level)
• Heating & cooling: Baseboard heating; Window unit(s) for cooling
• Interior features: Ceiling fan(s); Kitchen window; Primary bedroom with walk-in closet; Walk-in closet; Separate/formal dining room; Unfinished basement storage space
• Laundry & utility: Washer and dryer included; Laundry located in basement; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $92k.

Deal economics

• At list price, monthly cash flow is $174 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($992 rent vs $92k).
• Recommended offer: $84k (9.0% 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 $4k of equity ($640 loan paydown + $3k appreciation (3.5% local appreciation)).
• At projected returns (3.5% appreciation + 3.0% rent growth), your $26k cash investment doubles in ~4 years — after that, you're playing with house money.
• By year 9, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 97 days — a 9% lower offer ($84k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 9y ago 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.
• Current owner paid $48k; list at $92k implies a 95% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $84,175 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — 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: 1.07% ✓
• Cap rate: 8.55%
• Cash-on-cash: 8.05%
• DSCR: 1.36
• GRM: 7.8

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: 16.3%
• Equity multiple: 1.96×
• Total profit: $24,860
• Equity at exit: $44,411

10-year hold

• IRR: 17.5%
• Equity multiple: 3.69×
• Total profit: $69,788
• Equity at exit: $70,721

Cash invested: $25,900 (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: 7.8×

Monthly cashflow live

• Estimated rent: $992 medium
• Mortgage (P&I): −$485
• Tax from tax record: −$87 /mo · $1,040/yr
• Insurance: −$39
• HOA: −$0
• Vacancy / Maint / Mgmt: −$208
• Net cashflow: $174

Break-even live

Break-even rent $772

Max offer price $92,500

Occupancy floor 77%

Sensitivity live

Price	-10% $226	-5% $200	+0% $174	+5% $148	+10% $121
Rent	-10% $95	-5% $135	+0% $174	+5% $213	+10% $252
Rate	-1.0pp $220	-0.5pp $197	base $174	+0.5pp $150	+1.0pp $125

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: $23,125
• Closing costs: $2,775
• Reserves months: —
• Total cash needed: —

Listing history 14 events

1. 2026-05-05
   status Pending
2. 2026-04-26
   historical Contingent - Inspection
3. 2026-03-09
   price $92,500
4. 2026-01-28
   listed $95,000 Active
5. 2023-10-24
   soldstatus $47,500 318-char remark

   Show marketing remark (318 chars)

   House on the Hill! Step inside to find a charming 1 1/2 story home that has been refreshed throughout! The main level is spacious and ready to host your next gathering! Head upstairs to find the bedrooms and bathrooms that let in great natural light! Room to build a garage! Come see it today! Owner is licensed agent.

6. 2023-10-24
   soldstatus $47,500

   Show marketing remark (318 chars)

   House on the Hill! Step inside to find a charming 1 1/2 story home that has been refreshed throughout! The main level is spacious and ready to host your next gathering! Head upstairs to find the bedrooms and bathrooms that let in great natural light! Room to build a garage! Come see it today! Owner is licensed agent.

7. 2023-03-31
   listed $57,000 318-char remark

   Show marketing remark (318 chars)

   House on the Hill! Step inside to find a charming 1 1/2 story home that has been refreshed throughout! The main level is spacious and ready to host your next gathering! Head upstairs to find the bedrooms and bathrooms that let in great natural light! Room to build a garage! Come see it today! Owner is licensed agent.

8. 2023-02-28
   historical
9. 2022-11-02
   listed $72,000
10. 2022-02-25
    price $750
11. 2020-04-20
    soldstatus $50,000
12. 2017-09-13
    soldstatus $8,000
13. 2017-09-09
    listed $8,000
14. 2007-11-26
    soldstatus $8,400

ⓘ 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: $1,040 · $87/mo
• Projected year-2 tax: $1,040 · $87/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: $11,910
• − Mortgage interest: −$5,181
• − Property taxes: −$1,040
• − Insurance: −$462
• − Repairs & maintenance: −$953
• − Management: −$953
• − Depreciation: −$2,691
• Taxable income: $630
• Est. tax owed @ 24.0%: −$151
• After-tax cash flow: $1,935/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

+1001.2% since first listed

14 events — show timeline

• 2026-05-05 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-26 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-09 Price Changed $92,500 NORTHSTARMLS as Distributed by MLS Grid
• 2026-01-28 Listed $95,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-10-24 Sold (Public Records) $47,500 Public Records
• 2023-10-24 Sold (MLS) $47,500 NORTHSTARMLS as Distributed by MLS Grid
• 2023-03-31 Listed $57,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-02-28 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2022-11-02 Listed $72,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-02-25 Price Changed $750 RENT.
• 2020-04-20 Sold (Public Records) $50,000 Public Records
• 2017-09-13 Sold (MLS) $8,000 NORTHSTARMLS as Distributed by MLS Grid
• 2017-09-09 Listed $8,000 NORTHSTARMLS as Distributed by MLS Grid
• 2007-11-26 Sold (Public Records) $8,400 Public Records

Property tax history

+10.4%/yr

Latest (2025): $1,040 · +100.8% YoY. Source: county tax records.