217 4th St N · Richardton, ND 58652

$160,000

2 bd · 1.0 ba · 1,332 sqft · Other public records · 82 Days on market

Built 1940 7,000 sqft lot

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Why this score? — see what drove the D 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 +10.7/30.0
• ARV discount +7.5/15.0
• Appreciation +7.1/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• DSCR +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0

Listing remarks MLS

This well-maintained home in Richardton offers a comfortable living environment with numerous updates throughout. The kitchen has been recently renovated, featuring a new refrigerator and microwave, as well as updated faucets and cabinet hardware. These improvements add both functionality and modern appeal. The main floor includes two bedrooms, providing convenient access and ample space. Additionally, there is a non-conforming bedroom located in the basement, which offers flexibility for use as an extra sleeping area, office, or storage. The basement also has a family room, laundry, and large storage room. Enjoy outdoor living on the large deck situated on the east side of the house, perfect for relaxing or entertaining guests. The property also includes a single-car garage equipped with a new door and opener, ensuring secure and easy access for vehicles.

Key facts

• New refrigerator
• Large storage room
• Updated faucets

Tags

• RECENTLY RENOVATED KITCHEN
• NEW REFRIGERATOR
• NEW MICROWAVE
• UPDATED FAUCETS
• UPDATED CABINET HARDWARE
• LARGE STORAGE ROOM

Property features AI

Exterior

• Parking: 1-car garage; Garage door opener
• Utilities: Public sewer
• Home design: Single-family residence; Residential property type
• Construction: Basement: concrete
• Exterior features: Lot is approximately 0.16 acres (50 x 140); Zoned residential low density

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central cooling
• Interior features: Eat-in kitchen; Window coverings; Basement with concrete floor
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath other listed at $160k.

Deal economics

• At list price, monthly cash flow is $-77 ($-921/yr) — negative.
• To cash-flow at today's rent, offer at most $146k (8.5% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $110k (31.2% below list).
• Recommended offer: $110k (31.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 69/100 on livability (#100 in ND) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment A-; Watch: health & safety D+, amenities F, commute F.
• Richardton-Taylor 34 (rural): math 35% / reading 40% proficiency, ranked #111 of 169 in ND (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Taylor-Richardton Elementary School (math 54% / reading 54%, grade C, #39 of 236 statewide, top 21%, 137 students, 28% FRL); Richardton-Taylor Elementary School (math 24% / reading 54%, grade F, #19 of 35 statewide, top 53%, 45 students, 29% FRL); Richardton-Taylor High School (math 32% / reading 52%, grade F, #49 of 144 statewide, top 34%, 132 students, 30% FRL) — zoned schools at 29% FRL track the district average.
• Market conditions: 8 active listings in the ZIP; 20 units permitted in Stark County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $8k of equity ($1k loan paydown + $7k appreciation (4.2% local appreciation)).
• Stark County population projected at +120% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.2% appreciation + 3.0% rent growth), your $45k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$34k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($150k) is reasonable based on typical stale-listing flexibility.
• 5 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 $57k; list at $160k implies a 181% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,106 (31.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 31% concession, seller financing, or rate buy-down credit?
3. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.69% ✗
• Cap rate: 5.72%
• Cash-on-cash: -2.06%
• DSCR: 0.91
• GRM: 12.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.16% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 8.9%
• Equity multiple: 1.54×
• Total profit: $24,376
• Equity at exit: $82,658

10-year hold

• IRR: 10.8%
• Equity multiple: 2.82×
• Total profit: $81,713
• Equity at exit: $136,433

Cash invested: $44,800 (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 58652

• Home prices YoY: 1.9%
• Active inventory: 8
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $1,101 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$41 /mo · $490/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $-77

Break-even live

Break-even rent $1,198

Max offer price $146,440

Occupancy floor —

Sensitivity live

Price	-10% $14	-5% $-31	+0% $-77	+5% $-122	+10% $-167
Rent	-10% $-164	-5% $-120	+0% $-77	+5% $-33	+10% $10
Rate	-1.0pp $4	-0.5pp $-36	base $-77	+0.5pp $-118	+1.0pp $-160

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Listing history 28 events

1. 2026-06-21
   days on market $160,000 Active 82 DOM
2. 2026-06-21
   days on market $160,000 Active 81 DOM
3. 2026-06-18
   days on market $160,000 Active 79 DOM
4. 2026-06-17
   days on market $160,000 Active 78 DOM
5. 2026-06-16
   days on market $160,000 Active 77 DOM
6. 2026-06-15
   days on market $160,000 Active 76 DOM
7. 2026-06-13
   days on market $160,000 Active 74 DOM
8. 2026-06-12
   days on market $160,000 Active 73 DOM
9. 2026-06-09
   pricedays on market $160,000 Active 70 DOM
10. 2026-06-08
    days on market $165,000 Active 69 DOM
11. 2026-06-07
    days on market $165,000 Active 68 DOM
12. 2026-06-05
    days on market $165,000 Active 66 DOM
13. 2026-06-04
    days on market $165,000 Active 64 DOM
14. 2026-06-02
    days on market $165,000 Active 63 DOM
15. 2026-06-01
    days on market $165,000 Active 62 DOM
16. 2026-05-31
    days on market $165,000 Active 61 DOM
17. 2026-03-31
    listed $165,000 Active 869-char remark

    Show marketing remark (869 chars)

    This well-maintained home in Richardton offers a comfortable living environment with numerous updates throughout. The kitchen has been recently renovated, featuring a new refrigerator and microwave, as well as updated faucets and cabinet hardware. These improvements add both functionality and modern appeal. The main floor includes two bedrooms, providing convenient access and ample space. Additionally, there is a non-conforming bedroom located in the basement, which offers flexibility for use as an extra sleeping area, office, or storage. The basement also has a family room, laundry, and large storage room. Enjoy outdoor living on the large deck situated on the east side of the house, perfect for relaxing or entertaining guests. The property also includes a single-car garage equipped with a new door and opener, ensuring secure and easy access for vehicles.

18. 2026-03-31
    listed $165,000 Active

    Show marketing remark (869 chars)

    This well-maintained home in Richardton offers a comfortable living environment with numerous updates throughout. The kitchen has been recently renovated, featuring a new refrigerator and microwave, as well as updated faucets and cabinet hardware. These improvements add both functionality and modern appeal. The main floor includes two bedrooms, providing convenient access and ample space. Additionally, there is a non-conforming bedroom located in the basement, which offers flexibility for use as an extra sleeping area, office, or storage. The basement also has a family room, laundry, and large storage room. Enjoy outdoor living on the large deck situated on the east side of the house, perfect for relaxing or entertaining guests. The property also includes a single-car garage equipped with a new door and opener, ensuring secure and easy access for vehicles.

19. 2023-09-06
    historical 477-char remark

    Show marketing remark (477 chars)

    From the outside this home looks cozy and on the inside, it is! With its warm sense of community, and only moments to Dickinson, this home provides all the elements for relaxing, comfortable and easycare living. The house comes complete with a living room and family room, a welcoming kitchen/dining area, one bathroom, three bedrooms, a enclosed porch, laundry, and retains the value of peaceful living while being conveniently close to school. Perfect family home for anyone.

20. 2023-09-06
    historical

    Show marketing remark (477 chars)

    From the outside this home looks cozy and on the inside, it is! With its warm sense of community, and only moments to Dickinson, this home provides all the elements for relaxing, comfortable and easycare living. The house comes complete with a living room and family room, a welcoming kitchen/dining area, one bathroom, three bedrooms, a enclosed porch, laundry, and retains the value of peaceful living while being conveniently close to school. Perfect family home for anyone.

21. 2023-06-30
    soldstatus
22. 2023-06-28
    soldstatus $57,000
23. 2023-05-05
    listed $57,000
24. 2023-05-04
    listed $57,000
25. 2018-03-26
    soldstatus
26. 2017-11-07
    listed $85,900 477-char remark

    Show marketing remark (477 chars)

    From the outside this home looks cozy and on the inside, it is! With its warm sense of community, and only moments to Dickinson, this home provides all the elements for relaxing, comfortable and easycare living. The house comes complete with a living room and family room, a welcoming kitchen/dining area, one bathroom, three bedrooms, a enclosed porch, laundry, and retains the value of peaceful living while being conveniently close to school. Perfect family home for anyone.

27. 2014-06-12
    soldstatus
28. 2006-10-13
    soldstatus

ⓘ 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: $490 · $41/mo
• Projected year-2 tax: $1,568 · $131/mo
• Expected delta: +$1,078/yr (+$90/mo · 219.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥95°F today · 13 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,213
• − Mortgage interest: −$8,962
• − Property taxes: −$490
• − Insurance: −$800
• − Repairs & maintenance: −$1,057
• − Management: −$1,057
• − Depreciation: −$4,655
• Taxable loss: −$3,809
• Est. tax savings @ 24.0%: +$914
• After-tax cash flow: $-7/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: Richardton-Taylor 34
• NCES district ID: 3800048
• Math proficiency: 35% ▼ -5.00%
• Reading proficiency: 40% ▲ 5.00%
• Median HH income: $53,877
• Composite: 35.31/100
• National rank: #9820
• State rank: #111 of 169 in ND

Livability — Richardton

• Score: 69/100
• State rank: #100
• US rank: #8799

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Richardton, ND
• Population (ZIP): 1,224

Population outlook (Stark County) Hauer SSP2

• Today (2025): 50,426 people
• By 2030: 60,812 · +20.6%
• By 2040: 84,155 · +66.9%
• By 2050: 110,718 · +119.6%
• By 2075: 186,710 · +270.3%
• By 2100: 264,902 · +425.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Hispanic / Latino 4% Native American 2%
• Common ancestry: Portuguese 10% Scotch-Irish 6% Romanian 2%
• Foreign-born: 3% · Canada
• Languages at home: 90% English-only · German/W. Germanic 2% Russian/Polish/Slavic 2%

Political lean MEDSL · Stark

• 2024 margin: Solid R (+65.6) · D 16.5% · R 82.1% · Other 1.5%
• 2008→2024 swing: -36.5pp toward R · 2008: -29.1pp · 2024: -65.6pp
• All cycles: 2024: R+65.6 2020: R+63.9 2016: R+65.8 2012: R+49.4 2008: R+29.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.16%
• Current HPI: 229.5364
• 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

+92.1% since first listed

12 events — show timeline

• 2026-03-31 Listed $165,000 Badlands BOR MLS
• 2026-03-31 Listed $165,000 GNMLS
• 2023-09-06 Delisted — Badlands BOR MLS
• 2023-09-06 Delisted — Badlands BOR MLS
• 2023-06-30 Sold (MLS) — GNMLS
• 2023-06-28 Sold (Public Records) $57,000 Public Records
• 2023-05-05 Listed $57,000 Badlands BOR MLS
• 2023-05-04 Listed $57,000 GNMLS
• 2018-03-26 Sold (Public Records) — Public Records
• 2017-11-07 Listed $85,900 Badlands BOR MLS
• 2014-06-12 Sold (Public Records) — Public Records
• 2006-10-13 Sold (Public Records) — Public Records

Property tax history

-2.2%/yr

Latest (2025): $490 · -51.8% YoY. Source: county tax records.