205 105th St NESourisND58783
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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 Souris at 205 105th St NE, Souris, ND, 58783 offers a 4.14% rental yield on a $405,000 purchase with $1,397/mo rent. 37% in year one. Equity gained on principal adds $2,613/yr while 5% annual appreciation supports $111,894 over five years. Portfolio math shows five-year ROI at 51.56% and total cumulative return in cash at $69,218. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,397/mo property income against a $1,982/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58783, Souris, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 200 (100%) |
| Owner Occupied HU | 123 (61.5%) |
| Renter Occupied HU | 22 (11.0%) |
| Vacant Housing Units | 55 (27.5%) |
| Median Home Value | $313,462 |
| Average Home Value | $311,992 |
Housing Distribution
Address Breakdown
Residential
130
Single Family
130
Multi-Family
0
Businesses
7
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Listed by: Harvey Shultz • Bottineau Area Team Realty
Mls Name: My State MLS
Mls ID: #11560443