1115 Morningside DrCasseltonND58012
Nearby investment properties with comparable rents
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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 Casselton at 1115 Morningside Dr, Casselton, ND, 58012 generates $2,722/mo in rent and, after a $1,466/mo payment, leaves $855/mo in cash flow. Total monthly income is $2,722/mo, and annual cash flow is $10,256/yr on $99,284 invested. Return on cash invested sits at 30.24% in year one, and rental yield is 10.91% on a $299,500 entry. Equity gained on principal adds $1,933/yr, while 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 158.31% and total cumulative return in cash sums $157,175. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,722/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
8,276 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Deb Clark • Berkshire Hathaway HomeServices Premier Properties
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6691117
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