119 4th Ave ERayND58849
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
Rental property for sale in Ray at 119 4th Ave E, Ray, ND, 58849 generates $1,328/mo in rent and, after a $673/mo payment, leaves $491/mo in cash flow. Total monthly income is $1,328/mo, and annual cash flow is $5,894/yr on $45,581 invested. Return on cash invested sits at 32.84% in year one, and rental yield is 11.59% on a $137,500 entry. Equity gained on principal adds $887/yr, while 5% annual appreciation builds toward $37,989 over five years. Five-year ROI reaches 172.14% and total cumulative return in cash sums $78,461. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,328/mo property income rather than buyer’s personal income.
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