214 3rd Ave ENew LeipzigND58562
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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 Leipzig at 214 3rd Ave E, New Leipzig, ND, 58562 offers a 0% rental yield on a $115,000 purchase with $0/mo rent. 13% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58562, New Leipzig, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 381 (100%) |
| Owner Occupied HU | 192 (50.4%) |
| Renter Occupied HU | 31 ( 8.1%) |
| Vacant Housing Units | 158 (41.5%) |
| Median Home Value | $150,000 |
| Average Home Value | $227,721 |
Housing Distribution
Address Breakdown
Residential
113
Single Family
113
Multi-Family
0
Businesses
14
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Listed by: Joshua L Gartner • Century 21 Morrison Realty
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-539
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