112 2nd St SWHankinsonND58041
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hankinson at 112 2nd St SW, Hankinson, ND, 58041 at $162,000 posts ROI 26.3% with $286/mo cash flow from $1,272/mo rent. Total monthly income equals $1,272/mo, and annual cash flow records $3,431/yr on $53,703 to close. Return on cash invested measures 26.3% and rental yield reads 9.42% at the current $162,000. Equity gained on principal adds $1,045/yr, and 5% annual appreciation supports $44,758 by year five. Five-year ROI prints 136.99% and total cumulative return in cash totals $73,565.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,272/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
120 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58041, Hankinson, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 768 (100%) |
| Owner Occupied HU | 527 (68.6%) |
| Renter Occupied HU | 104 (13.5%) |
| Vacant Housing Units | 137 (17.8%) |
| Median Home Value | $148,098 |
| Average Home Value | $193,719 |
Housing Distribution
Address Breakdown
Residential
527
Single Family
527
Multi-Family
0
Businesses
87
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Nearby investment properties with comparable prices
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