1305 16th St SEDevils LakeND58301
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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 Devils Lake at 1305 16th St SE, Devils Lake, ND, 58301 listed at $335,000 pairs $2,432/mo rent with a $1,640/mo payment to leave $393/mo cash flow. Total monthly income runs $2,432/mo, and annual cash flow reaches $4,713/yr on $111,053 cash to close. Return on cash invested measures 24.15% in year one, and rental yield registers 8.71% at a $335,000 basis. Equity gained on principal adds $2,162/yr, and annual property appreciation at 5% supports $92,554 by year five. Five-year ROI tracks 125.46% and total cumulative return in cash totals $139,328. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,432/mo property income relative to a $1,640/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58301, Devils Lake, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,184 (100%) |
| Owner Occupied HU | 2,704 (52.2%) |
| Renter Occupied HU | 1,723 (33.2%) |
| Vacant Housing Units | 757 (14.6%) |
| Median Home Value | $244,033 |
| Average Home Value | $272,981 |
Housing Distribution
Address Breakdown
Residential
4,650
Single Family
3,669
Multi-Family
981
Businesses
657
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Listed by: Chris Wahl • Reign Realty
Mls Name: GFBMLS
Mls ID: #25-1727