10237 E Elm Lake DrForbesND58439
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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 Forbes at 10237 E Elm Lake Dr, Forbes, ND, 58439 earns from $1,153/mo rent with a $3,181/mo payment. Total monthly income totals $1,153/mo. ROI tracks 4.33% on current figures, and rental yield reads 2.13% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 19.15% and total cumulative return in cash sums $40,958. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,153/mo property income instead of your personal income.
Single Family
Built in 2007
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58439, Forbes, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 87 (100%) |
| Owner Occupied HU | 48 (55.2%) |
| Renter Occupied HU | 13 (14.9%) |
| Vacant Housing Units | 26 (29.9%) |
| Median Home Value | $346,667 |
| Average Home Value | $355,313 |
Housing Distribution
Address Breakdown
Residential
72
Single Family
72
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: N/A • N/A
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