207 2nd Ave SWScrantonND58653
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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
Rental property for sale in Scranton at 207 2nd Ave SW, Scranton, ND, 58653 priced at $135,000 converts $1,207/mo rent into $385/mo cash flow after a $661/mo obligation. Total monthly income equals $1,207/mo, and annual cash flow totals $4,621/yr on $44,753 invested. Return on cash invested prints 30.24% in year one, and rental yield reads 10.73% against a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation compiles into $37,298 by year five. Five-year ROI reaches 158.18% and total cumulative return in cash sums $70,789. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,207/mo property income covering a $661/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58653, Scranton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 297 (100%) |
| Owner Occupied HU | 191 (64.3%) |
| Renter Occupied HU | 47 (15.8%) |
| Vacant Housing Units | 59 (19.9%) |
| Median Home Value | $263,750 |
| Average Home Value | $316,296 |
Housing Distribution
Address Breakdown
Residential
207
Single Family
200
Multi-Family
7
Businesses
15
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Listed by: Alison Pierce • Pifer's Auction & Realty
Mls Name: My State MLS
Mls ID: #11489989