1004 1st Ave ENew EnglandND58647
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in New England at 1004 1st Ave E, New England, ND, 58647 offers a 2.97% rental yield on a $361,800 purchase with $894/mo rent. 82% in year one. Equity gained on principal adds $2,335/yr while 5% annual appreciation supports $99,959 over five years. Portfolio math shows five-year ROI at 32.52% and total cumulative return in cash at $38,999. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $894/mo property income against a $1,771/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58647, New England, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 577 (100%) |
| Owner Occupied HU | 346 (60.0%) |
| Renter Occupied HU | 101 (17.5%) |
| Vacant Housing Units | 130 (22.5%) |
| Median Home Value | $219,643 |
| Average Home Value | $282,103 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
376
Multi-Family
0
Businesses
47
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Listed by: N/A • N/A
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