1024 12th 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
Investment property for sale in Langdon at 1024 12th St, Langdon, ND, 58249 listed at $219,000 pairs $1,585/mo rent with a $1,072/mo payment to leave $242/mo cash flow. Total monthly income runs $1,585/mo, and annual cash flow reaches $2,902/yr on $72,599 cash to close. Return on cash invested measures 23.91% in year one, and rental yield registers 8.68% at a $219,000 basis. Equity gained on principal adds $1,413/yr, and annual property appreciation at 5% supports $60,506 by year five. Five-year ROI tracks 124.2% and total cumulative return in cash totals $90,165. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,585/mo property income relative to a $1,072/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.31 Acres 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: Abby K Borchardt • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-855
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.