202 12th Ave NCasseltonND58012
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 202 12th Ave N, Casselton, ND, 58012 in Casselton speaks for itself: 10.63% gross on a $380,000 price, generating $3,367/mo in rent and $1,054/mo in net income after the $1,709/mo debt service. DSCR 1.97, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $12,653 stacks alongside $104,987 in projected five-year appreciation and $3,500/yr in principal reduction. Projected total cumulative return: $211,794.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 7.2% |
| Monthly Cash Flow | $1,054 | $420 |
City averages based on Casselton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,367 |
| Total Monthly Debt Service | $2,162 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1957
0.32 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1957
0.32 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rochelle Roesler, MBA • Century 21 FM Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6756556