12 Cedar DrMapletonND58059
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 Mapleton at 12 Cedar Dr, Mapleton, ND, 58059 offers a 11.71% rental yield on a $269,900 purchase with $2,633/mo rent. Total monthly income registers $2,633/mo, and a $1,321/mo payment leaves $990/mo available for distribution. Annual cash flow reaches $11,884/yr on $89,472 to close, and return on cash invested stands at 33.19% in year one. Equity gained on principal adds $1,742/yr while 5% annual appreciation supports $74,568 over five years. Portfolio math shows five-year ROI at 173.96% and total cumulative return in cash at $155,646. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,633/mo property income against a $1,321/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2016
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58059, Mapleton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 627 (90.7%) |
| Renter Occupied HU | 40 ( 5.8%) |
| Vacant Housing Units | 24 ( 3.5%) |
| Median Home Value | $445,619 |
| Average Home Value | $456,196 |
Housing Distribution
Address Breakdown
Residential
560
Single Family
560
Multi-Family
0
Businesses
34
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Listed by: Bill Kieffer • RE/MAX Legacy Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6779809