213 1st Ave NEKenmareND58746
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
Rental property for sale in Kenmare at 213 1st Ave NE, Kenmare, ND, 58746 offers $983/mo rent that, after a $673/mo payment, leaves $146/mo cash flow. Total monthly income is $983/mo, and annual cash flow is $1,754/yr on $45,581 cash. Return on cash invested measures 23.76% in year one, and rental yield stands at 8.58% at a $137,500 entry. Equity gained on principal adds $887/yr while 5% annual appreciation compounds into $37,989 by year five. Five-year ROI records 123.43% and total cumulative return in cash reaches $56,261. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $983/mo property income versus a $673/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58746, Kenmare, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 832 (100%) |
| Owner Occupied HU | 517 (62.1%) |
| Renter Occupied HU | 132 (15.9%) |
| Vacant Housing Units | 183 (22.0%) |
| Median Home Value | $162,972 |
| Average Home Value | $208,187 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
356
Multi-Family
67
Businesses
78
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Nearby investment properties with comparable prices
Listed by: Penny Belgarde • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250379
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