16 N 10th StOakesND58474
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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 Oakes at 16 N 10th St, Oakes, ND, 58474 uses $36,432 cash to close to unlock $3,756/yr annual cash flow and $313/mo monthly cash flow. Total monthly income runs $982/mo, and a $538/mo payment keeps the spread at $313/mo. Purchase price stands at $109,900, and rental yield measures 10.72% with $982/mo rent. Return on cash invested shows 30.22% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 158.15% and total cumulative return in cash records $57,616. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $982/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1952
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58474, Oakes, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,221 (100%) |
| Owner Occupied HU | 805 (65.9%) |
| Renter Occupied HU | 271 (22.2%) |
| Vacant Housing Units | 145 (11.9%) |
| Median Home Value | $213,494 |
| Average Home Value | $240,177 |
Housing Distribution
Address Breakdown
Residential
1,086
Single Family
999
Multi-Family
87
Businesses
142
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Listed by: Sara Iverson • Century 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4020027