1023 9th StLangdonND58249
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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
Rental property for sale in Langdon at 1023 9th St, Langdon, ND, 58249 generates $1,592/mo in rent and, after a $826/mo payment, leaves $565/mo in cash flow. Total monthly income is $1,592/mo, and annual cash flow is $6,778/yr on $55,957 invested. Return on cash invested sits at 32.02% in year one, and rental yield is 11.32% on a $168,800 entry. Equity gained on principal adds $1,089/yr, while 5% annual appreciation builds toward $46,636 over five years. Five-year ROI reaches 167.66% and total cumulative return in cash sums $93,820. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,592/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58249, Langdon, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,373 (100%) |
| Owner Occupied HU | 889 (64.7%) |
| Renter Occupied HU | 225 (16.4%) |
| Vacant Housing Units | 259 (18.9%) |
| Median Home Value | $163,227 |
| Average Home Value | $200,886 |
Housing Distribution
Address Breakdown
Residential
1,215
Single Family
1,079
Multi-Family
136
Businesses
164
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Listed by: N/A • N/A
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