200 1st St SFessendenND58438
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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 Fessenden at 200 1st St S, Fessenden, ND, 58438 generates $1,571/mo in rent and, after a $974/mo payment, leaves $360/mo in cash flow. Total monthly income is $1,571/mo, and annual cash flow is $4,318/yr on $65,969 invested. Return on cash invested sits at 26.46% in year one, and rental yield is 9.47% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 137.82% and total cumulative return in cash sums $90,918. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,571/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58438, Fessenden, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 383 (100%) |
| Owner Occupied HU | 264 (68.9%) |
| Renter Occupied HU | 43 (11.2%) |
| Vacant Housing Units | 76 (19.8%) |
| Median Home Value | $75,600 |
| Average Home Value | $115,436 |
Housing Distribution
Address Breakdown
Residential
184
Single Family
184
Multi-Family
0
Businesses
57
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Listed by: Natalie Hase • Hase Realty LLC
Mls Name: My State MLS
Mls ID: #11494882