1024 James Ave NEJamestownND58401
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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 Jamestown at 1024 James Ave NE, Jamestown, ND, 58401 offers a 8.03% rental yield on a $219,000 purchase with $1,465/mo rent. Total monthly income registers $1,465/mo, and a $1,072/mo payment leaves $132/mo available for distribution. Annual cash flow reaches $1,584/yr on $72,599 to close, and return on cash invested stands at 22.09% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 114.46% and total cumulative return in cash at $83,097. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,465/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58401, Jamestown, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,804 (100%) |
| Owner Occupied HU | 4,829 (54.9%) |
| Renter Occupied HU | 2,943 (33.4%) |
| Vacant Housing Units | 1,032 (11.7%) |
| Median Home Value | $213,110 |
| Average Home Value | $239,046 |
Housing Distribution
Address Breakdown
Residential
8,180
Single Family
6,198
Multi-Family
1,982
Businesses
624
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Listed by: Kristine Anne Sagaser • eXp Realty
Mls Name: Great North MLS
Mls ID: #4021605