Real Estate Investing in Coleharbor, North Dakota (58565)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 58565 (Coleharbor, ND)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 51.9% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Coleharbor, ND (58565)?
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Market Analysis: 58565 Coleharbor
Investors eyeing 58565 need to respect the fundamentals at play. Home values of $226K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 58565 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Regionally, 58565 sits on the difficult end of the ND spectrum. The a credible choice for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 58565 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The right play in 58565 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Coleharbor:
Market Trends
Home Value History (with trend line)
📊 How Does 58565 Compare?
| Metric | 58565 | Coleharbor | North Dakota |
|---|---|---|---|
| Home Value | $226,235 | $301,092 | $278,677 |
| 5-Year CAGR | N/A | 3.9% | 3.7% |
| Avg Rent | $783 | $797 | - |
| Cap Rate | 2.7% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 58565 (Coleharbor, ND). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $226,235 |
| Monthly Rent | $783 |
| Price-to-Rent | 24.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +16.0% ▲ |
| 3-Year CAGR | +10.0% ▲ |
| 5-Year CAGR | N/A |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 58565
Population: 187
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
What is the median home value in Coleharbor, ND?
Typical homes in Coleharbor, ND go for around $226K. The 5-year CAGR of 0.0% even-keeled price movement.
Is ND a landlord-friendly state?
Landlord-friendliness in Coleharbor, ND is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What kind of tenants rent in Coleharbor, ND?
Tenant quality in Coleharbor, ND ranks as solid. Landlords generally report stable occupancy at market rents of $783/mo.
Are there empty rentals in Coleharbor, ND?
Vacancy in Coleharbor, ND is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $783/mo.
What strategy should investors use in Coleharbor, ND?
A careful cash-flow rentals with hands-on management strategy Coleharbor, ND best. The market produces steady results for that approach at the $226K price point.
You know 58565 now. You don’t know where it ranks.
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