11592 62nd St NWRayND58849
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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 Ray at 11592 62nd St NW, Ray, ND, 58849 earns from $2,136/mo rent with a $1,835/mo payment. Total monthly income totals $2,136/mo. ROI tracks 18.5% on current figures, and rental yield reads 6.84% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 95.18% and total cumulative return in cash sums $118,323. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,136/mo property income instead of your personal income.
Manufactured
Built in 2004
20.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58849, Ray, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 595 (100%) |
| Owner Occupied HU | 326 (54.8%) |
| Renter Occupied HU | 106 (17.8%) |
| Vacant Housing Units | 163 (27.4%) |
| Median Home Value | $273,529 |
| Average Home Value | $334,080 |
Housing Distribution
Address Breakdown
Residential
284
Single Family
284
Multi-Family
0
Businesses
44
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Listed by: Emery Mrdenovic • eXp Realty
Mls Name: Great North MLS
Mls ID: #4023073