Harwood, ND — Rental Investment Analysis
🔴WEAK— appreciation play onlyCap Rate
2.7%
Below average
Monthly Cash Flow
-$1,298
After all expenses
Price-to-Rent
19.4
Overpriced for rent
DSCR
0.42
Fails
📊 Key Metrics
- Median Home Price
- $413,484
- Average Rent (3BR)
- $1,815/mo
- Price-to-Rent Ratio
- 19.4(high)
- 1% Rule
- 0.44%(fails — need 1%+)
- Cash-on-Cash Return
- -16.1%
- Vacancy Rate
- 8.0%
📈 Market Strength
- Unemployment Rate
- 2.4%(-1.9% vs national)
- Rent Growth (YoY)
- +2.9%(national avg)
- Population Growth
- -1.7% YoY
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →Property Tax Rate
0.98%
of assessed value (ND avg)
Median Income
$68,131
household (ND avg)
Rent-to-Income
32%
Moderate
Section 8 Max Rent
$1,815/mo
3BR voucher payment
🏛️ ND Investor Climate
Landlord Friendly
7/10
State Income Tax
Has state tax
Property Tax
0.98% effective
Population Trend
-1.7% (3yr)