114 Cottage StGladstoneND58630
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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 Gladstone at 114 Cottage St, Gladstone, ND, 58630 uses $39,449 cash to close to unlock $2,906/yr annual cash flow and $242/mo monthly cash flow. Total monthly income runs $966/mo, and a $582/mo payment keeps the spread at $242/mo. Purchase price stands at $119,000, and rental yield measures 9.74% with $966/mo rent. Return on cash invested shows 27.28% in year one, and 5% annual appreciation builds toward $32,878 over five years. Five-year ROI reaches 142.35% and total cumulative return in cash records $56,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $966/mo property income covering a $582/mo payment rather than investor’s personal income.
Manufactured
Built in 1984
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58630, Gladstone, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 281 (100%) |
| Owner Occupied HU | 216 (76.9%) |
| Renter Occupied HU | 27 ( 9.6%) |
| Vacant Housing Units | 38 (13.5%) |
| Median Home Value | $475,862 |
| Average Home Value | $467,743 |
Housing Distribution
Address Breakdown
Residential
156
Single Family
156
Multi-Family
0
Businesses
10
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Listed by: Jim Goetz • The Real Estate Company
Mls Name: Badlands BOR
Mls ID: #25-1144