1806 Lincoln Ave NEDevils LakeND58301
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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 Devils Lake at 1806 Lincoln Ave NE, Devils Lake, ND, 58301 earns $4/mo cash flow from $2,104/mo rent with a $1,689/mo payment. Total monthly income totals $2,104/mo, and annual cash flow totals $46/yr on $114,368 capital. ROI tracks 19.95% on current figures, and rental yield reads 7.32% at a $345,000 purchase. Equity gained on principal adds $2,226/yr, and 5% annual appreciation supports $95,317 over five years. Five-year ROI reaches 102.92% and total cumulative return in cash sums $117,712. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,104/mo property income instead of your personal income.
Single Family
Built in 1963
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58301, Devils Lake, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,184 (100%) |
| Owner Occupied HU | 2,704 (52.2%) |
| Renter Occupied HU | 1,723 (33.2%) |
| Vacant Housing Units | 757 (14.6%) |
| Median Home Value | $244,033 |
| Average Home Value | $272,981 |
Housing Distribution
Address Breakdown
Residential
4,650
Single Family
3,669
Multi-Family
981
Businesses
657
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Listed by: Chris Wahl • Reign Realty
Mls Name: GFBMLS
Mls ID: #25-892