1326 1st Ave WNew EnglandND58647
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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
Rental property for sale in New England at 1326 1st Ave W, New England, ND, 58647 generates $1,006/mo in rent and, after a $534/mo payment, leaves $342/mo in cash flow. Total monthly income is $1,006/mo, and annual cash flow is $4,105/yr on $36,134 invested. Return on cash invested sits at 31.27% in year one, and rental yield is 11.08% on a $109,000 entry. Equity gained on principal adds $703/yr, while 5% annual appreciation builds toward $30,115 over five years. Five-year ROI reaches 163.75% and total cumulative return in cash sums $59,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,006/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58647, New England, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 577 (100%) |
| Owner Occupied HU | 346 (60.0%) |
| Renter Occupied HU | 101 (17.5%) |
| Vacant Housing Units | 130 (22.5%) |
| Median Home Value | $219,643 |
| Average Home Value | $282,103 |
Housing Distribution
Address Breakdown
Residential
376
Single Family
376
Multi-Family
0
Businesses
47
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Listed by: KENDALL K VETTER • CORE Real Estate Advisors
Mls Name: Great North MLS
Mls ID: #4017867
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.