2012 Myrtle AveHoopleND58243
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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 Hoople at 2012 Myrtle Ave, Hoople, ND, 58243 offers $1,405/mo rent that, after a $976/mo payment, leaves $191/mo cash flow. Total monthly income is $1,405/mo, and annual cash flow is $2,295/yr on $66,134 cash. Return on cash invested measures 23.38% in year one, and rental yield stands at 8.45% at a $199,500 entry. Equity gained on principal adds $1,287/yr while 5% annual appreciation compounds into $55,118 by year five. Five-year ROI records 121.36% and total cumulative return in cash reaches $80,263. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,405/mo property income versus a $976/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58243, Hoople, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 261 (100%) |
| Owner Occupied HU | 187 (71.6%) |
| Renter Occupied HU | 33 (12.6%) |
| Vacant Housing Units | 41 (15.7%) |
| Median Home Value | $202,273 |
| Average Home Value | $214,118 |
Housing Distribution
Address Breakdown
Residential
129
Single Family
129
Multi-Family
0
Businesses
18
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Listed by: Jean Jiskra • Country Realty, Inc
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-507
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.