104 S 3rd StDraytonND58225
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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 Drayton at 104 S 3rd St, Drayton, ND, 58225 generates $1,042/mo in rent, after a $979/mo payment. Total monthly income is $1,042/mo. Return on cash invested sits at 16.74% in year one, and rental yield is 6.25% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 85.7% and total cumulative return in cash sums $56,816. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,042/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58225, Drayton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 515 (100%) |
| Owner Occupied HU | 327 (63.5%) |
| Renter Occupied HU | 101 (19.6%) |
| Vacant Housing Units | 87 (16.9%) |
| Median Home Value | $118,029 |
| Average Home Value | $148,891 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
273
Multi-Family
57
Businesses
67
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Listed by: N/A • N/A
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