504 Church Ave · Hebron, ND 58638

$75,000

4 bd · 1.0 ba · 2,070 sqft · Other · 14 Days on market

Built 1940 7,000 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• Schools +4.9/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Looking for some charm! Look no further than this charming 4-bedroom home near the school. This home features 2 main floor bedrooms as well as main floor laundry. There are two bedrooms upstairs with reading nock by the outlook window upstairs. This cozy home is ready for your personal touch. Located on a corner lot with alley access and a detached garage. Hebron has more to offer than you think: day care, award winning public school, movie theater, pool, gas, grocery, banks, coffee shop, restaurant, pizza parlor, auto repair, fitness center, pond, trails, park, community center, activity center, newspaper (Hebron Herald), community spirit and more!

Key facts

• Alley access
• Reading nook
• Main floor laundry

Tags

• MAIN FLOOR LAUNDRY
• CORNER LOT
• ALLEY ACCESS
• DETACHED GARAGE
• READING NOOK

Property features AI

Exterior

• Parking: 1-car garage with garage door opener
• Utilities: Public sewer
• Home design: Single-family residential; Residential zoning (low density)
• Exterior features: Public sewer

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; No central air
• Interior features: Window coverings; 10 total rooms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath other listed at $75k.

Deal economics

• At list price, monthly cash flow is $611 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).

Location & tenants

• Location reads 70/100 on livability (#86 in ND) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools B; Watch: crime C-, health & safety D+, amenities F.
• Hebron 13 (rural): math 55% / reading 55% proficiency, ranked #22 of 169 in ND (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 15 active listings in the ZIP; 94 units permitted in Morton County in 2024 (5 in 5+ unit buildings).

Forward outlook

• In year one you build about $3k of equity ($519 loan paydown + $2k appreciation (3.0% local appreciation)).
• Morton County population projected at +48% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 3y 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 $50k; list at $75k implies a 50% 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 $75,000

Questions for the listing agent

1. Built in 1940 — 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. 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?
4. 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.
5. 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.
6. 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: 1.86% ✓
• Cap rate: 16.07%
• Cash-on-cash: 34.92%
• DSCR: 2.55
• GRM: 4.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 40.6%
• Equity multiple: 3.28×
• Total profit: $47,963
• Equity at exit: $33,723

10-year hold

• IRR: 40.5%
• Equity multiple: 6.53×
• Total profit: $116,208
• Equity at exit: $51,972

Cash invested: $21,000 (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 58638

• Active inventory: 15
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,393 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$65 /mo · $780/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$293
• Net cashflow: $611

Break-even live

Break-even rent $620

Max offer price $75,000

Occupancy floor 51%

Sensitivity live

Price	-10% $654	-5% $632	+0% $611	+5% $590	+10% $569
Rent	-10% $501	-5% $556	+0% $611	+5% $666	+10% $721
Rate	-1.0pp $649	-0.5pp $630	base $611	+0.5pp $592	+1.0pp $572

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 10 events

1. 2026-05-20
   status Pending

   Show marketing remark (657 chars)

   Looking for some charm! Look no further than this charming 4-bedroom home near the school. This home features 2 main floor bedrooms as well as main floor laundry. There are two bedrooms upstairs with reading nock by the outlook window upstairs. This cozy home is ready for your personal touch. Located on a corner lot with alley access and a detached garage. Hebron has more to offer than you think: day care, award winning public school, movie theater, pool, gas, grocery, banks, coffee shop, restaurant, pizza parlor, auto repair, fitness center, pond, trails, park, community center, activity center, newspaper (Hebron Herald), community spirit and more!

2. 2026-05-20
   historical Active Under Contract 657-char remark

   Show marketing remark (657 chars)

   Looking for some charm! Look no further than this charming 4-bedroom home near the school. This home features 2 main floor bedrooms as well as main floor laundry. There are two bedrooms upstairs with reading nock by the outlook window upstairs. This cozy home is ready for your personal touch. Located on a corner lot with alley access and a detached garage. Hebron has more to offer than you think: day care, award winning public school, movie theater, pool, gas, grocery, banks, coffee shop, restaurant, pizza parlor, auto repair, fitness center, pond, trails, park, community center, activity center, newspaper (Hebron Herald), community spirit and more!

3. 2026-05-05
   listed $75,000 Active

   Show marketing remark (657 chars)

   Looking for some charm! Look no further than this charming 4-bedroom home near the school. This home features 2 main floor bedrooms as well as main floor laundry. There are two bedrooms upstairs with reading nock by the outlook window upstairs. This cozy home is ready for your personal touch. Located on a corner lot with alley access and a detached garage. Hebron has more to offer than you think: day care, award winning public school, movie theater, pool, gas, grocery, banks, coffee shop, restaurant, pizza parlor, auto repair, fitness center, pond, trails, park, community center, activity center, newspaper (Hebron Herald), community spirit and more!

4. 2026-05-05
   listed $75,000 Active 657-char remark

   Show marketing remark (657 chars)

   Looking for some charm! Look no further than this charming 4-bedroom home near the school. This home features 2 main floor bedrooms as well as main floor laundry. There are two bedrooms upstairs with reading nock by the outlook window upstairs. This cozy home is ready for your personal touch. Located on a corner lot with alley access and a detached garage. Hebron has more to offer than you think: day care, award winning public school, movie theater, pool, gas, grocery, banks, coffee shop, restaurant, pizza parlor, auto repair, fitness center, pond, trails, park, community center, activity center, newspaper (Hebron Herald), community spirit and more!

5. 2023-09-06
   historical 600-char remark

   Show marketing remark (600 chars)

   This 4 bedroom, one bathroom home in Hebron needs some TLC on flooring. There are hardwood floors on the main floor and upstairs. The carpeting project was started and not finished. There are 2 bedrooms on the main floor and 2 upstairs. There is a range, fridge, microwave, new washer and dryer. The house has central air and a natural gas forced air furnace. There is a new sewer line from the house to the main. The full basement has lots of storage. There is a one car detached garage. The property is a corner lot close to the school. Hebron is 25 minutes to Dickinson and 65 minutes to Bismarck.

6. 2023-07-20
   soldstatus $50,000
7. 2023-07-17
   soldstatus
8. 2023-07-04
   listed $55,000 600-char remark

   Show marketing remark (600 chars)

   This 4 bedroom, one bathroom home in Hebron needs some TLC on flooring. There are hardwood floors on the main floor and upstairs. The carpeting project was started and not finished. There are 2 bedrooms on the main floor and 2 upstairs. There is a range, fridge, microwave, new washer and dryer. The house has central air and a natural gas forced air furnace. There is a new sewer line from the house to the main. The full basement has lots of storage. There is a one car detached garage. The property is a corner lot close to the school. Hebron is 25 minutes to Dickinson and 65 minutes to Bismarck.

9. 2023-07-02
   listed $55,000
10. 2005-05-23
    soldstatus $20,000

ⓘ 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: $780 · $65/mo
• Projected year-2 tax: $780 · $65/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

• 🌊 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 · 12 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,719
• − Mortgage interest: −$4,201
• − Property taxes: −$780
• − Insurance: −$375
• − Repairs & maintenance: −$1,338
• − Management: −$1,338
• − Depreciation: −$2,182
• Taxable income: $6,506
• Est. tax owed @ 24.0%: −$1,562
• After-tax cash flow: $5,772/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: Hebron 13
• NCES district ID: 3809180
• Math proficiency: 55% ▬ 0.00%
• Reading proficiency: 55% ▬ 0.00%
• Median HH income: $51,358
• Composite: 48.87/100
• National rank: #4493
• State rank: #22 of 169 in ND

Livability — Hebron

• Score: 70/100
• State rank: #86
• US rank: #7926

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hebron, ND
• Population (ZIP): 949

Population outlook (Morton County) Hauer SSP2

• Today (2025): 36,682 people
• By 2030: 39,967 · +9.0%
• By 2040: 46,921 · +27.9%
• By 2050: 54,157 · +47.6%
• By 2075: 73,661 · +100.8%
• By 2100: 89,885 · +145.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 7% Native American 3% Hispanic / Latino 2%
• Common ancestry: Portuguese 19% Romanian 4% Scotch-Irish 4%
• Foreign-born: 0%

Political lean MEDSL · Morton

• 2024 margin: Solid R (+53.8) · D 22.2% · R 75.9% · Other 1.9%
• 2008→2024 swing: -32.7pp toward R · 2008: -21.0pp · 2024: -53.8pp
• All cycles: 2024: R+53.8 2020: R+50.4 2016: R+53.0 2012: R+31.1 2008: R+21.0

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

+275.0% since first listed

10 events — show timeline

• 2026-05-20 Pending — Badlands BOR MLS
• 2026-05-20 Contingent — GNMLS
• 2026-05-05 Listed $75,000 GNMLS
• 2026-05-05 Listed $75,000 Badlands BOR MLS
• 2023-09-06 Delisted — Badlands BOR MLS
• 2023-07-20 Sold (Public Records) $50,000 Public Records
• 2023-07-17 Sold (MLS) — GNMLS
• 2023-07-04 Listed $55,000 Badlands BOR MLS
• 2023-07-02 Listed $55,000 GNMLS
• 2005-05-23 Sold (Public Records) $20,000 Public Records

Property tax history

+5.0%/yr

Latest (2024): $780 · -13.4% YoY. Source: county tax records.