1513 Advent StHarveyND58341
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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 Harvey at 1513 Advent St, Harvey, ND, 58341 priced at $240,000 converts $1,123/mo rent into after a $1,175/mo obligation. Total monthly income equals $1,123/mo. Return on cash invested prints 14.37% in year one, and rental yield reads 5.62% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 73.17% and total cumulative return in cash sums $58,214. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,123/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58341, Harvey, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 828 (59.5%) |
| Renter Occupied HU | 249 (17.9%) |
| Vacant Housing Units | 315 (22.6%) |
| Median Home Value | $172,143 |
| Average Home Value | $228,089 |
Housing Distribution
Address Breakdown
Residential
1,163
Single Family
1,026
Multi-Family
137
Businesses
154
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Listed by: Michelle Swang • Vorland Land Company
Mls Name: My State MLS
Mls ID: #11452303