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$49,950
Rental Rate Per Room Per Night (A) Number of days Occupied per year at 90% occupancy rate (B) Annual Total Gross Rental Income $41,125 $41,125 % Income Share To Investor 329
$125
$125
$125
329$41,125 55%
Annual Return On
25%
achieving with many being booked out 6 months to a companies. and block booked by the oil
98%, and they do not provide fully inclusive and Current occupancy rates in the area are around 95mini equipped communal areas like our By International Oil Companieshotels offer.
ExxonMobil, Chevron, Halliburton, Shell and BP to Rental Income Supported It is common for large oil companies such as provide a housing and accommodation allowance for
its workers and in many cases pays the owner direct. on an oil field .
$239,000
$239,000
North Dakota ranked No. 1 for job growth and among the top states for producing jobs, according to a new study issued Monday by the U.S. Chamber of Commerce and National Chamber Foundation.
The western part of North Dakota is experiencing an economic boom opposite of what is happening in many other areas of the United States, and consequently there is drastically more demand for housing of all types, including hotel rooms. Occupancy rates are as high as 99%. Hoteliers are facing construction and labor woes because of the high demand.
In Tom Rolfstadhead (economic development for the town of Williston, ND) said: "I can almost get anyone a job here, probably the day they get here. But finding them a place to stay is a real challenge.
The activity is focused on a region in Western North Dakota with only three cities whose population is greater than 10,000 people and several more whose population is less than 2,000 people. The result is an acute demand for real estate
development that spans residential and commercial projects from Dickinson to Williston to Minot, North Dakota and everywhere in-between.
Since 2009, the population is the third fastest growing in It is predicted that North Dakota will experience 40%
It is projected that this oil drilling boom will last 25 years. Average $80.000-$100,000 Annul Salary
barrels of recoverable reserves, which makes the Bakken Formation the largest oil
Recent data (government paper) suggests the field may contain 18 billion plus field in North America and possibly the largest in the world.
North Dakota Th state boasts low crime, gd public schools, low unemployment nd saw n appreciation level f 7.48%. Th North Dakota housing market one f th mt stable n th country nd thr a very low foreclosure rate well. North Dakota Rated Top 5 States to Get the Best Return
North Dakota Rated Top 5 States to Get the Best Return on Your Home Investment!
North Dakota
Housing starts have increased by up to 100 times in just a few years: In Watford City, in 2007 there were 5 housing starts. In 2012 there were 500 housing starts. The boom in real estate prices is starting and happening town by town, with some towns experiencing accelerated appreciation for the last few years and some just in the last year. It is likely some towns will experience the initial boom or first big jump in prices next year, with others to follow. Most of the real estate in North Dakota is farm land in large parcels of 100 acres or more. Much of this acreage that is closest to the towns is being subdivided for smaller residential lots so housing can be built. Newly built housing has no price history so there are no appreciation rate records. Most North Dakota towns are very small. Appreciation in smaller communities has very limited internet coverage. In such cases County Assessor is an alternative source of price information. Data shows the oil boom will continue for decades so the housing market in the oil field should continue to be one of the strongest in the world for a long time.
Value By Year (by thousands, in USD) Description 2008 2009 2010 2011 2012 2013 Watford City ND $20K 13.2%
th
301 12 St. SE
County
Assessor
Residential $85
$89
$97
305 12 St SE 401 12 St SW
County County
Assessor
Residential $62
$65
$95
$111 N/A
Watford City ND Assessor Residential $54 $57 $21k 13% 612 Park Ave. E County Watford City ND Assessor Residential $77 $81 $24k 16% East Ridge Condos Unit 1126 County Williston ND Assessor Residential $75 $87 $28K 18%
th
2108 4 Ave E
County
Residential $87
$95
Residential $63
$75
$90
$110
$141 N/A
$31
$86
$115 N/A
Residential $105 $108 $113 $128 $165 N/A 37K 22% 1929 Westfield Ave Minot ND Zillow $80K 54%
th
Residential
$92 $94
$84
$97
$96
$175
1207 5 Ave
Minot ND
th Ave
Residential
$82 $87
$83
$94
$80
$142
502 27
Minot ND
Residential
$102 $107
$92
$97
$100 $159
Note: Past price performance is no guarantee of future price performance. These figures are from public sources and Eagle Bridge LLC accepts no responsibility for their accuracy or ability to predict future real estate prices.
I trust that the rest of the state recognizes that at the moment,
What Is
Happening Now?
What Is
Happening Now?
What Is
Happening Now?
What Is
Happening Now?
What Is
Happening Now?
What Is
Happening Now?
Attached Single Family everything near $129,000 sells while under construction. Hotels we checked for reservations at ten hotels in Williston, 3 star rates - $170 to $235 per night, 2 star rates $80 to $140 per night. Hotel rooms are booked sometimes 2 to 3 years out. Unanchored retail very few developed sites. The sites checked were fully occupied. Leasing agents say that retail tenants will pay $20psf + CAM. Rates for Crew Camps or Man Camps - renting for $105 to $160 per day per man - includes a room with three meals, weekly linens, daily cleaning and laundry. Rates for RV Park lots Range of $225 to $500 per month with no utilities or amenities. Range of $400 to $1,000 per month or $250 per week with water, wastewater and electricity. Most on the waiting list of a 36 unit apartment development. rents are $750 to $900 per month with utilities. Most parks do not have bathhouses, laundry facilities or other amenities. Apartments unfurnished (without FF&E and OS&E); all have a waiting list one bedroom rents for $1,000 per month, two-bedroom rent for $2,000 per month. One tenant said that he was number 280 Self-storage - everything checked is 100% occupied and the rent is $11 psf. Inline industrial space found one site. Rent is $19psf + utilities. Freestanding industrial space Rent is $18 to $20psf + utilities. Construction price is $70 to $80
psf for shell space and sale price of shell space runs from $93 to $115psf. 5 and 10-acre industrial park Prices run from $.80 to $1.62psf. One 310-acre industrial park has an absorption rate of 26 acres per week.
Watford Population
While the 2010 census says Watford Citys population is 1,744, locals believe the number now may be as high as 7,000. It is estimated that the city of Watford City could see its permanent population swell from a rather sleepy community of 1,500 people three years ago to a bustling city of 20,000 or more in the next several years. And with that potential growth in population comes a tremendous need for housing and retail services.
The explosive, ongoing influx of oil and gas-related workers makes it nearly impossible to accurately pinpoint Watford Citys current number of residents, but estimates place it around 6,000, nearly equal to the entire countys population in 2010.
Those existing on the market are gone within an hour or two, he says. Threetofive
years ago you would put a house up for sale and it would take two years to sell.- Curt Moen, building planner for
"I can almost get anyone a job here, probably the day they get here. But finding them a place to stay is a real challenge". Tom
Rolfstadhead (economic development for the town of Williston, ND)
location in the epicenter of the enormous Bakken and Three Forks oil Watford City is experiencing a surge in population and demand due to its formation A region set to grow at drama_c rates for years to come commercial, housing and retail needs. in the USA, higher than Manhattan. The most expensive housing
Strategic Location
Great Developments
Watford
Rental Increase
One/two bedroom apartments Price Increase
Building Activity
Veeder says a tremendous amount of construction activity will take place this spring, as everything from truck stops and hotels to large retail centers and restaurants are built to meet the towns demand for goods and services.
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