119 2nd Ave ERayND58849
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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 119 2nd Ave E, Ray, ND, 58849 uses $65,969 cash to close to unlock $3,694/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $1,519/mo, and a $974/mo payment keeps the spread at $308/mo. Purchase price stands at $199,000, and rental yield measures 9.16% with $1,519/mo rent. Return on cash invested shows 25.51% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 132.73% and total cumulative return in cash records $87,558. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,519/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1953
7,405 sqft 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: Kari A Donner • Donner Realty
Mls Name: Great North MLS
Mls ID: #4019500
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.