230 Northland Estates Est · Jamestown, ND 58401

$15,000

2 bd · 1.0 ba · 896 sqft · Manufactured · 199 Days on market

Built 1983 Est $24k · 38% under ↓ 12% 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 +15.0/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +4.1/10.0
• Livability +3.7/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Two bedroom Rollohome Mobile Home, Property has new flooring throughout, paint & new siding (2021) Property currently has a tenant. Buyer must complete application and credit/background check with Pleasant Valley Properties and be approved.

Key facts

• Built 1983
• Listed 199 days

Property features AI

Exterior

• Parking: Parking pad; Off-street parking; No garage
• Utilities: Public water; Public sewer
• Home design: Manufactured home (single wide); One level
• Construction: Vinyl siding
• Exterior features: Storage; Shed(s)

Interior

• Kitchen: Gas range; Microwave; Refrigerator
• Flooring: Vinyl; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Central air; Ceiling fan(s)
• Interior features: Ceiling fan(s)

🏷️ Possibly a rental listed for sale. The $15,000 price doesn't fit this home's estimated sale value (~$24,192) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $15k.

Deal economics

• At list price, monthly cash flow is $613 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($898 rent vs $15k).
• Recommended offer: $13k (12.0% below list) — sets the bar for market timing.
• Cap rate 55.4% vs local median 3.2% in Jamestown — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#35 in ND) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A; Watch: employment D+, health & safety D+, amenities F.
• Jamestown 1 (town): math 45% / reading 52% proficiency, ranked #14 of 53 in ND (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Jamestown High School (math 27% / reading 62%, grade F, #33 of 144 statewide, top 32%, 777 students, 21% FRL).
• Market conditions: Rents rising (+3.7%/yr); 98 active listings in the ZIP; 19 units permitted in Stutsman County in 2024 (0 in 5+ unit buildings).
• This rent is only 18% of the median local income ($60k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $104 of loan paydown is wiped out by about $450 of value loss. Plan a longer hold.
• Stutsman County population projected at +4% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.7% rent growth), your $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 199 days — a 12% lower offer ($13k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 4y ago; this cycle's ask has dropped $1k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $13,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 199 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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. 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.
6. 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.
7. 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: 5.98% ✓
• Cap rate: 55.35%
• Cash-on-cash: 175.22%
• DSCR: 8.80
• GRM: 1.4

CMA / ARV

• ARV (on-the-fly): $24,192
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
230 Northland Estates Est	0.00mi	2/1.0	896 (0%)	1mo	$15,000	$17	99
130 Northland Est	0.00mi	2/1.0	938 (+5%)	1mo	$15,000	$16	92
103 Northland Ests	0.00mi	2/1.0	896 (0%)	23mo	$23,900	$27	81
931 Western Park Vlg	0.18mi	2/1.0	924 (+3%)	11mo	$29,500	$32	77

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 · 3.68% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 9.87×
• Total profit: $37,255
• Equity at exit: $2,237

10-year hold

• IRR: —
• Equity multiple: 21.32×
• Total profit: $85,343
• Equity at exit: $1,297

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 58401

• Rents YoY: 3.7%
• Active inventory: 98
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $898 medium
• Mortgage (P&I): −$79
• Tax from tax record: −$11 /mo · $130/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$188
• Net cashflow: $613

Break-even live

Break-even rent $121

Max offer price $15,000

Occupancy floor 27%

Sensitivity live

Price	-10% $622	-5% $618	+0% $613	+5% $609	+10% $605
Rent	-10% $542	-5% $578	+0% $613	+5% $649	+10% $684
Rate	-1.0pp $621	-0.5pp $617	base $613	+0.5pp $609	+1.0pp $605

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 9 events

1. 2026-06-01
   status $15,000 Pending 199 DOM
2. 2026-06-01
   days on market $15,000 Active 199 DOM
3. 2026-05-31
   days on market $15,000 Active 198 DOM
4. 2026-05-31
   days on market $15,000 Active 197 DOM
5. 2026-05-12
   price $15,000
6. 2025-11-14
   listed $16,000 Active
7. 2022-12-12
   soldstatus 246-char remark

   Show marketing remark (246 chars)

   Two bedroom Rollohome Mobile Home, Property has new flooring throughout, paint & new siding (2021) Property currently has a tenant. Buyer must complete application and credit/background check with Pleasant Valley Properties and be approved.

8. 2022-11-04
   listed $17,000 246-char remark

   Show marketing remark (246 chars)

   Two bedroom Rollohome Mobile Home, Property has new flooring throughout, paint & new siding (2021) Property currently has a tenant. Buyer must complete application and credit/background check with Pleasant Valley Properties and be approved.

9. 2022-08-12
   price $650

ⓘ 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: $130 · $11/mo
• Projected year-2 tax: $147 · $12/mo
• Expected delta: +$17/yr (+$1/mo · 12.9%)

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

Taxation est. · year 1

• Rental income: $10,770
• − Mortgage interest: −$840
• − Property taxes: −$130
• − Insurance: −$75
• − Repairs & maintenance: −$862
• − Management: −$862
• − Depreciation: −$436
• Taxable income: $7,565
• Est. tax owed @ 24.0%: −$1,816
• After-tax cash flow: $5,544/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: Jamestown 1
• NCES district ID: 3800021
• Math proficiency: 45% ▼ -9.00%
• Reading proficiency: 52% ▼ -5.00%
• Median HH income: $48,557
• Composite: 41.38/100
• National rank: #3487
• State rank: #14 of 53 in ND

Livability — Jamestown

• Score: 73/100
• State rank: #35
• US rank: #5212

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jamestown, ND
• County: Stutsman County · 17,189 people
• City population: 17,189
• Metro: Jamestown, ND
• Population (ZIP): 17,189
• Household income: $60,228
• Rent vs Own: 41.5% rent · 58.5% own
• Severe rent burden: 964.0

Population outlook (Stutsman County) Hauer SSP2

• Today (2025): 21,104 people
• By 2030: 21,292 · +0.9%
• By 2040: 21,485 · +1.8%
• By 2050: 21,960 · +4.1%
• By 2075: 25,753 · +22.0%
• By 2100: 29,779 · +41.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 3% Hispanic / Latino 3% Black 2% Native American 1%
• Common ancestry: Portuguese 17% Romanian 5% Lithuanian 3%
• Foreign-born: 3% · Canada
• Languages at home: 97% English-only · Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Stutsman

• 2024 margin: Solid R (+44.6) · D 26.7% · R 71.3% · Other 1.9%
• 2008→2024 swing: -29.9pp toward R · 2008: -14.7pp · 2024: -44.6pp
• All cycles: 2024: R+44.6 2020: R+43.4 2016: R+42.5 2012: R+22.1 2008: R+14.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -171.65%
• Current HPI: 123.841
• Rent YoY: ▲ 3.68%
• Metro: Jamestown, ND
• 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

-11.8% since first listed

5 events — show timeline

• 2026-05-12 Price Changed $15,000 GNMLS
• 2025-11-14 Listed $16,000 GNMLS
• 2022-12-12 Sold (MLS) — GNMLS
• 2022-11-04 Listed $17,000 GNMLS
• 2022-08-12 Price Changed $650 RENT.

Property tax history

+0.4%/yr

Latest (2025): $130 · +9.6% YoY. Source: county tax records.