119 4th Ave ERayND58849
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 119 4th Ave E, Ray, ND, 58849 in Ray. At $137,500 it earns $1,328/mo in rent and distributes $492/mo to the owner after the $618/mo payment, a consistent 11.59% yield. DSCR 2.15 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $37,989 in value; $1,266/yr in principal paydown compounds ownership stake. Total projected return: $83,743.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 6.2% |
| Monthly Cash Flow | $492 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,328 |
| Total Monthly Debt Service | $782 |
| DSCR Ratio | 1.70x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1952
6,969 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
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
Single Family
Built in 1952
6,969 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen H Burau • Realty One Group Caliber
Mls Name: Great North MLS
Mls ID: #4021707