131 3rd Ave SKindredND58051
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 Kindred at 131 3rd Ave S, Kindred, ND, 58051 uses $66,300 cash to close to unlock $2,282/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,417/mo, and a $979/mo payment keeps the spread at $190/mo. Purchase price stands at $200,000, and rental yield measures 8.5% with $1,417/mo rent. Return on cash invested shows 23.35% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 121.3% and total cumulative return in cash records $80,420. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,417/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1910
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58051, Kindred, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 692 (100%) |
| Owner Occupied HU | 578 (83.5%) |
| Renter Occupied HU | 66 ( 9.5%) |
| Vacant Housing Units | 48 ( 6.9%) |
| Median Home Value | $420,765 |
| Average Home Value | $483,157 |
Housing Distribution
Address Breakdown
Residential
627
Single Family
613
Multi-Family
14
Businesses
60
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Nearby investment properties with comparable prices
Listed by: Ericka Schott-Juelson • eXp Realty (3523 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6731937
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