800 Burke Ave · Harvey, ND 58341

$19,900

4 bd · 2.0 ba · 1,600 sqft · Other · 244 Days on market

Built 1900 8,712 sqft lot

---

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 +15.0/30.0
• ARV discount +7.5/15.0
• Appreciation +5.7/10.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• Schools +3.6/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Key facts

• 8,712 sq ft lot
• 2 garage spots
• Built 1900

Property features AI

Exterior

• Parking: Detached or attached 2-car garage
• Utilities: City water connected; City sewer connected; Propane fuel
• Home design: Residential property; Two levels; Main level and additional living area
• Construction: Built with wood exterior; Foundation area approximately 880
• Exterior features: Wood exterior

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Boiler heating; No central air
• Interior features: Basement with block construction

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $20k.

Deal economics

• At list price, monthly cash flow is $853 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $20k).
• Recommended offer: $18k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 61/100 on livability (#259 in ND) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools D, employment D, amenities F.
• Harvey 38 (rural): math 40% / reading 40% proficiency, ranked #105 of 169 in ND (top 62%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 5 active listings in the ZIP; 1 units permitted in Wells County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $408 of equity ($138 loan paydown + $270 appreciation (1.4% local appreciation)).
• At projected returns (1.4% appreciation + 3.0% rent growth), your $6k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 244 days — a 12% lower offer ($18k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $6k; list at $20k implies a 224% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $17,512 (12.0% below list)

Questions for the listing agent

1. It's been on market 244 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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: 6.47% ✓
• Cap rate: 57.74%
• Cash-on-cash: 183.74%
• DSCR: 9.18
• GRM: 1.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.36% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: —
• Equity multiple: 10.89×
• Total profit: $55,097
• Equity at exit: $7,165

10-year hold

• IRR: —
• Equity multiple: 22.94×
• Total profit: $122,266
• Equity at exit: $9,815

Cash invested: $5,572 (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 58341

• Home prices YoY: 2.3%
• Active inventory: 5
• Price-to-rent: 1.3×

Monthly cashflow live

• Estimated rent: $1,287 medium
• Mortgage (P&I): −$104
• Tax from tax record: −$51 /mo · $611/yr
• Insurance: −$8
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $853

Break-even live

Break-even rent $207

Max offer price $19,900

Occupancy floor 29%

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: $4,975
• Closing costs: $597
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $19,900 Active 244 DOM
2. 2026-06-17
   days on market $19,900 Active 243 DOM
3. 2026-06-16
   days on market $19,900 Active 242 DOM
4. 2026-06-15
   days on market $19,900 Active 241 DOM
5. 2026-06-13
   days on market $19,900 Active 239 DOM
6. 2026-06-12
   days on market $19,900 Active 238 DOM
7. 2026-06-09
   days on market $19,900 Active 235 DOM
8. 2026-06-08
   days on market $19,900 Active 234 DOM
9. 2026-06-07
   days on market $19,900 Active 233 DOM
10. 2026-06-05
    days on market $19,900 Active 231 DOM
11. 2026-06-04
    days on market $19,900 Active 229 DOM
12. 2026-06-02
    days on market $19,900 Active 228 DOM
13. 2026-06-01
    days on market $19,900 Active 227 DOM
14. 2026-05-31
    days on market $19,900 Active 226 DOM
15. 2026-05-31
    price $19,900 Active 225 DOM
16. 2026-04-13
    price $22,500
17. 2026-02-26
    status Active
18. 2026-02-18
    status Pending
19. 2025-10-09
    listed $25,000 Active
20. 2021-12-02
    soldstatus $6,149

ⓘ 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: $611 · $51/mo
• Projected year-2 tax: $611 · $51/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

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

Taxation est. · year 1

• Rental income: $15,444
• − Mortgage interest: −$1,115
• − Property taxes: −$611
• − Insurance: −$100
• − Repairs & maintenance: −$1,236
• − Management: −$1,236
• − Depreciation: −$579
• Taxable income: $10,569
• Est. tax owed @ 24.0%: −$2,537
• After-tax cash flow: $7,702/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: Harvey 38
• NCES district ID: 3808890
• Math proficiency: 40% ▲ 5.00%
• Reading proficiency: 40% ▼ -5.00%
• Median HH income: $44,518
• Composite: 36.4/100
• National rank: #9353
• State rank: #105 of 169 in ND

Livability — Harvey

• Score: 61/100
• State rank: #259
• US rank: #18422

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Harvey, ND
• Population (ZIP): 2,642

Population outlook (Wells County) Hauer SSP2

• Today (2025): 4,023 people
• By 2030: 3,980 · -1.1%
• By 2040: 4,035 · +0.3%
• By 2050: 4,088 · +1.6%
• By 2075: 4,900 · +21.8%
• By 2100: 4,939 · +22.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 3% Hispanic / Latino 2% Native American 1%
• Common ancestry: Portuguese 21% Scotch-Irish 4% Slovak 2%
• Foreign-born: 1%
• Languages at home: 97% English-only · German/W. Germanic 3%

Political lean MEDSL · Wells

• 2024 margin: Solid R (+62.9) · D 18.1% · R 81.0%
• 2008→2024 swing: -36.5pp toward R · 2008: -26.4pp · 2024: -62.9pp
• All cycles: 2024: R+62.9 2020: R+61.1 2016: R+58.4 2012: R+41.3 2008: R+26.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 1.36%
• Current HPI: 61.3651
• 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

+265.9% since first listed

5 events — show timeline

• 2026-04-13 Price Changed $22,500 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-26 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-18 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2025-10-09 Listed $25,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-12-02 Sold (Public Records) $6,149 Public Records

Property tax history

-3.0%/yr

Latest (2025): $611 · -73.8% YoY. Source: county tax records.