12251 47th St SEFingalND58031
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 Fingal at 12251 47th St SE, Fingal, ND, 58031 uses $72,930 cash to close to unlock $1,774/yr annual cash flow and $148/mo monthly cash flow. Total monthly income runs $1,487/mo, and a $1,077/mo payment keeps the spread at $148/mo. Purchase price stands at $220,000, and rental yield measures 8.11% with $1,487/mo rent. Return on cash invested shows 22.34% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 115.75% and total cumulative return in cash records $84,419. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,487/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1920
10.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58031, Fingal, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 193 (100%) |
| Owner Occupied HU | 163 (84.5%) |
| Renter Occupied HU | 10 ( 5.2%) |
| Vacant Housing Units | 20 (10.4%) |
| Median Home Value | $282,143 |
| Average Home Value | $287,807 |
Housing Distribution
Address Breakdown
Residential
143
Single Family
143
Multi-Family
0
Businesses
6
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shelby Hart • RE/MAX Now - VC
Mls Name: Great North MLS
Mls ID: #4022652