117 Summit StUnderwoodND58576
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 Underwood at 117 Summit St, Underwood, ND, 58576 with 5% annual appreciation on a $109,000 basis while $820/mo rent supports operations. Total monthly income totals $820/mo and a $534/mo payment preserves $156/mo for cash returns. Annual cash flow comes to $1,873/yr on $36,134 deployed, and return on cash invested reaches 25.09% in year one. Equity gained on principal adds $703/yr, and five-year appreciation sums $30,115 alongside rental yield of 9.03%. Five-year ROI measures 130.64% and total cumulative return in cash totals $47,206.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $820/mo property income versus a $534/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58576, Underwood, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 365 (68.7%) |
| Renter Occupied HU | 61 (11.5%) |
| Vacant Housing Units | 105 (19.8%) |
| Median Home Value | $277,532 |
| Average Home Value | $473,212 |
Housing Distribution
Address Breakdown
Residential
157
Single Family
157
Multi-Family
0
Businesses
48
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MIKE NELSON • MIKE NELSON REALTY
Mls Name: Great North MLS
Mls ID: #4020982