105 N 8th StOakesND58474
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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 Oakes at 105 N 8th St, Oakes, ND, 58474 generates $988/mo in rent and, after a $611/mo payment, leaves $228/mo in cash flow. Total monthly income is $988/mo, and annual cash flow is $2,738/yr on $41,404 invested. Return on cash invested sits at 26.52% in year one, and rental yield is 9.49% on a $124,900 entry. Equity gained on principal adds $806/yr, while 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 138.27% and total cumulative return in cash sums $57,250. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $988/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58474, Oakes, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,221 (100%) |
| Owner Occupied HU | 805 (65.9%) |
| Renter Occupied HU | 271 (22.2%) |
| Vacant Housing Units | 145 (11.9%) |
| Median Home Value | $213,494 |
| Average Home Value | $240,177 |
Housing Distribution
Address Breakdown
Residential
1,086
Single Family
999
Multi-Family
87
Businesses
142
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Listed by: Mary Beth Meehl • Century 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4022396