205 Dakota St SElginND58533
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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 Elgin at 205 Dakota St S, Elgin, ND, 58533 at $190,000 posts ROI 26.32% with $337/mo cash flow from $1,493/mo rent. Total monthly income equals $1,493/mo, and annual cash flow records $4,039/yr on $62,985 to close. Return on cash invested measures 26.32% and rental yield reads 9.43% at the current $190,000. Equity gained on principal adds $1,226/yr, and 5% annual appreciation supports $52,494 by year five. Five-year ROI prints 137.1% and total cumulative return in cash totals $86,352.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,493/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58533, Elgin, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 549 (100%) |
| Owner Occupied HU | 326 (59.4%) |
| Renter Occupied HU | 66 (12.0%) |
| Vacant Housing Units | 157 (28.6%) |
| Median Home Value | $118,000 |
| Average Home Value | $198,827 |
Housing Distribution
Address Breakdown
Residential
382
Single Family
346
Multi-Family
36
Businesses
58
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No similar rental properties found nearby.
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Listed by: Lucas Cahoon • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4022992