107 Walker LnGrassy ButteND58634
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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 Grassy Butte at 107 Walker Ln, Grassy Butte, ND, 58634 offers a 5.91% rental yield on a $239,000 purchase with $1,178/mo rent. 72% in year one. Equity gained on principal adds $1,542/yr while 5% annual appreciation supports $66,031 over five years. Portfolio math shows five-year ROI at 80.27% and total cumulative return in cash at $63,600. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,178/mo property income against a $1,170/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2013
3.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58634, Grassy Butte, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 201 (100%) |
| Owner Occupied HU | 106 (52.7%) |
| Renter Occupied HU | 34 (16.9%) |
| Vacant Housing Units | 61 (30.3%) |
| Median Home Value | $360,606 |
| Average Home Value | $415,071 |
Housing Distribution
Address Breakdown
Residential
133
Single Family
133
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: Jane Hadley • Paramount Real Estate
Mls Name: Great North MLS
Mls ID: #4022867