115 N 15th StOakesND58474
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 Oakes at 115 N 15th St, Oakes, ND, 58474 offers a 9.33% rental yield on a $199,500 purchase with $1,551/mo rent. Total monthly income registers $1,551/mo, and a $976/mo payment leaves $337/mo available for distribution. Annual cash flow reaches $4,047/yr on $66,134 to close, and return on cash invested stands at 26.03% in year one. Equity gained on principal adds $1,287/yr while 5% annual appreciation supports $55,118 over five years. Portfolio math shows five-year ROI at 135.57% and total cumulative return in cash at $89,659. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,551/mo property income against a $976/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58474, Oakes, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,221 (100%) |
| Owner Occupied HU | 805 (65.9%) |
| Renter Occupied HU | 271 (22.2%) |
| Vacant Housing Units | 145 (11.9%) |
| Median Home Value | $213,494 |
| Average Home Value | $240,177 |
Housing Distribution
Address Breakdown
Residential
1,086
Single Family
999
Multi-Family
87
Businesses
142
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Listed by: Sara Iverson • Century 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4022731