204 Lilac AveOakesND58474
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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 Oakes at 204 Lilac Ave, Oakes, ND, 58474 offers a 18.07% rental yield on a $143,200 purchase with $2,156/mo rent. Total monthly income registers $2,156/mo, and a $701/mo payment leaves $1,284/mo available for distribution. Annual cash flow reaches $15,412/yr on $47,471 to close, and return on cash invested stands at 52.38% in year one. Equity gained on principal adds $924/yr while 5% annual appreciation supports $39,564 over five years. Portfolio math shows five-year ROI at 276.87% and total cumulative return in cash at $131,431. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,156/mo property income against a $701/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58474, Oakes, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,221 (100%) |
| Owner Occupied HU | 805 (65.9%) |
| Renter Occupied HU | 271 (22.2%) |
| Vacant Housing Units | 145 (11.9%) |
| Median Home Value | $213,494 |
| Average Home Value | $240,177 |
Housing Distribution
Address Breakdown
Residential
1,086
Single Family
999
Multi-Family
87
Businesses
142
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