15607 42nd St SEDurbinND58059
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 Durbin at 15607 42nd St SE, Durbin, ND, 58059 offers a 3.09% rental yield on a $1,350,000 purchase with $3,474/mo rent. 36% in year one. Equity gained on principal adds $8,711/yr while 5% annual appreciation supports $372,980 over five years. Portfolio math shows five-year ROI at 35.31% and total cumulative return in cash at $154,433. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,474/mo property income against a $6,608/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
31.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58059, Mapleton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 691 (100%) |
| Owner Occupied HU | 627 (90.7%) |
| Renter Occupied HU | 40 ( 5.8%) |
| Vacant Housing Units | 24 ( 3.5%) |
| Median Home Value | $445,619 |
| Average Home Value | $456,196 |
Housing Distribution
Address Breakdown
Residential
560
Single Family
560
Multi-Family
0
Businesses
34
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Listed by: Anne McDonagh • Dakota Plains Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6733295