204 2nd St SWFormanND58032
INVESTMENT ANALYSIS
Investment Verdict
Solid Income204 2nd St SW, Forman, ND, 58032 in Forman is a solid income-producing rental, 9.31% gross yield, $930/mo rent, $200/mo net cash flow on a $119,900 buy. DSCR 1.64 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $33,126 and $1,005/yr in principal reduction project a total cumulative return of $56,115.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.2% |
| Monthly Cash Flow | $200 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $930 |
| Total Monthly Debt Service | $711 |
| DSCR Ratio | 1.31x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58032, Forman, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 363 (100%) |
| Owner Occupied HU | 215 (59.2%) |
| Renter Occupied HU | 87 (24.0%) |
| Vacant Housing Units | 61 (16.8%) |
| Median Home Value | $208,750 |
| Average Home Value | $249,349 |
Housing Distribution
Address Breakdown
Residential
247
Single Family
195
Multi-Family
52
Businesses
57
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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
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Listed by: N/A • N/A
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Mls ID: #N/A
