201 N 1st StFort RansomND58033
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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 Fort Ransom at 201 N 1st St, Fort Ransom, ND, 58033 offers a 7.74% rental yield on a $250,000 purchase with $1,612/mo rent. Total monthly income registers $1,612/mo, and a $1,224/mo payment leaves $90/mo available for distribution. Annual cash flow reaches $1,081/yr on $82,875 to close, and return on cash invested stands at 21.21% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 109.75% and total cumulative return in cash at $90,958. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,612/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58033, Fort Ransom, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 207 (100%) |
| Owner Occupied HU | 158 (76.3%) |
| Renter Occupied HU | 12 ( 5.8%) |
| Vacant Housing Units | 37 (17.9%) |
| Median Home Value | $297,222 |
| Average Home Value | $291,155 |
Housing Distribution
Address Breakdown
Residential
165
Single Family
160
Multi-Family
5
Businesses
17
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Listed by: Jani Fluto • Results Realty, Inc
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6762015