103 Code Ave SPark RiverND58270
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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 Park River at 103 Code Ave S, Park River, ND, 58270 offers $1,889/mo rent that, after a $1,224/mo payment, leaves $367/mo cash flow. Total monthly income is $1,889/mo, and annual cash flow is $4,405/yr on $82,875 cash. Return on cash invested measures 25.22% in year one, and rental yield stands at 9.07% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 131.27% and total cumulative return in cash reaches $108,790. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,889/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1884
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58270, Park River, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 971 (100%) |
| Owner Occupied HU | 637 (65.6%) |
| Renter Occupied HU | 203 (20.9%) |
| Vacant Housing Units | 131 (13.5%) |
| Median Home Value | $144,500 |
| Average Home Value | $175,805 |
Housing Distribution
Address Breakdown
Residential
726
Single Family
666
Multi-Family
60
Businesses
105
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Listed by: Mary Jaster • KW Inspire Realty Keller Williams
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-142
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.