208 Laverne LnColfaxND58018
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Colfax at 208 Laverne Ln, Colfax, ND, 58018 at $480,000 posts ROI 25.87% with $791/mo cash flow from $3,712/mo rent. Total monthly income equals $3,712/mo, and annual cash flow records $9,492/yr on $159,120 to close. Return on cash invested measures 25.87% and rental yield reads 9.28% at the current $480,000. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,615 by year five. Five-year ROI prints 134.69% and total cumulative return in cash totals $214,313.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,712/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58018, Colfax, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 159 (100%) |
| Owner Occupied HU | 132 (83.0%) |
| Renter Occupied HU | 13 ( 8.2%) |
| Vacant Housing Units | 14 ( 8.8%) |
| Median Home Value | $247,619 |
| Average Home Value | $276,117 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
95
Multi-Family
0
Businesses
16
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Nearby investment properties with comparable prices
Listed by: Rich Olson • Next Level Real Estate
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6574390
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.