1114 4th St NEDevils LakeND58301
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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 Devils Lake at 1114 4th St NE, Devils Lake, ND, 58301 uses $62,952 cash to close to unlock $2,540/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $1,367/mo, and a $929/mo payment keeps the spread at $212/mo. Purchase price stands at $189,900, and rental yield measures 8.64% with $1,367/mo rent. Return on cash invested shows 23.94% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 124.37% and total cumulative return in cash records $78,293. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,367/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1945
7,960 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58301, Devils Lake, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,184 (100%) |
| Owner Occupied HU | 2,704 (52.2%) |
| Renter Occupied HU | 1,723 (33.2%) |
| Vacant Housing Units | 757 (14.6%) |
| Median Home Value | $244,033 |
| Average Home Value | $272,981 |
Housing Distribution
Address Breakdown
Residential
4,650
Single Family
3,669
Multi-Family
981
Businesses
657
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Listed by: Alyssa Weaver • High Valley Real Estate
Mls Name: My State MLS
Mls ID: #11556388