121 2nd St NERugbyND58368
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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 Rugby at 121 2nd St NE, Rugby, ND, 58368 listed at $399,500 pairs $2,444/mo rent with a $1,955/mo payment to leave $13/mo cash flow. Total monthly income runs $2,444/mo, and annual cash flow reaches $155/yr on $132,434 cash to close. Return on cash invested measures 20.03% in year one, and rental yield registers 7.34% at a $399,500 basis. Equity gained on principal adds $2,578/yr, and annual property appreciation at 5% supports $110,374 by year five. Five-year ROI tracks 103.33% and total cumulative return in cash totals $136,851. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,444/mo property income relative to a $1,955/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58368, Rugby, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,792 (100%) |
| Owner Occupied HU | 1,203 (67.1%) |
| Renter Occupied HU | 295 (16.5%) |
| Vacant Housing Units | 294 (16.4%) |
| Median Home Value | $179,241 |
| Average Home Value | $223,128 |
Housing Distribution
Address Breakdown
Residential
1,653
Single Family
1,500
Multi-Family
153
Businesses
233
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Listed by: N/A • N/A
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Mls ID: #N/A