203 Strand Ave NBuffaloND58011
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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 Buffalo at 203 Strand Ave N, Buffalo, ND, 58011 uses $66,267 cash to close to unlock $7,461/yr annual cash flow and $622/mo monthly cash flow. Total monthly income runs $1,838/mo, and a $978/mo payment keeps the spread at $622/mo. Purchase price stands at $199,900, and rental yield measures 11.03% with $1,838/mo rent. Return on cash invested shows 31.17% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 163.09% and total cumulative return in cash records $108,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,838/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58011, Buffalo, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 205 (100%) |
| Owner Occupied HU | 161 (78.5%) |
| Renter Occupied HU | 19 ( 9.3%) |
| Vacant Housing Units | 25 (12.2%) |
| Median Home Value | $297,917 |
| Average Home Value | $328,509 |
Housing Distribution
Address Breakdown
Residential
136
Single Family
128
Multi-Family
8
Businesses
30
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Listed by: Jeremy M Qualley • eXp Realty (219 WF)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7007871