119 3rd St SWHillsboroND58045
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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 Hillsboro at 119 3rd St SW, Hillsboro, ND, 58045 uses $58,642 cash to close to unlock $5,734/yr annual cash flow and $478/mo monthly cash flow. Total monthly income runs $1,572/mo, and a $866/mo payment keeps the spread at $478/mo. Purchase price stands at $176,900, and rental yield measures 10.66% with $1,572/mo rent. Return on cash invested shows 29.69% in year one, and 5% annual appreciation builds toward $48,874 over five years. Five-year ROI reaches 155.28% and total cumulative return in cash records $91,059. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,572/mo property income covering a $866/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58045, Hillsboro, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,058 (100%) |
| Owner Occupied HU | 700 (66.2%) |
| Renter Occupied HU | 228 (21.6%) |
| Vacant Housing Units | 130 (12.3%) |
| Median Home Value | $242,529 |
| Average Home Value | $258,825 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
701
Multi-Family
98
Businesses
129
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Listed by: Jonathon Vonesh • KW Inspire Realty Keller Williams
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-489
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.