214 1st Ave NENew RockfordND58356
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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 New Rockford at 214 1st Ave NE, New Rockford, ND, 58356 listed at $123,000 pairs $948/mo rent with a $602/mo payment to leave $199/mo cash flow. Total monthly income runs $948/mo, and annual cash flow reaches $2,393/yr on $40,775 cash to close. Return on cash invested measures 25.78% in year one, and rental yield registers 9.25% at a $123,000 basis. Equity gained on principal adds $794/yr, and annual property appreciation at 5% supports $33,983 by year five. Five-year ROI tracks 134.26% and total cumulative return in cash totals $54,745. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $948/mo property income relative to a $602/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1976
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58356, New Rockford, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 549 (60.4%) |
| Renter Occupied HU | 184 (20.2%) |
| Vacant Housing Units | 176 (19.4%) |
| Median Home Value | $154,960 |
| Average Home Value | $205,378 |
Housing Distribution
Address Breakdown
Residential
794
Single Family
702
Multi-Family
92
Businesses
117
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Listed by: Sara Reese • Vorland Land Company
Mls Name: My State MLS
Mls ID: #11561364