215 1st St SWHillsboroND58045
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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 Hillsboro at 215 1st St SW, Hillsboro, ND, 58045 priced at $102,900 pairs $1,495/mo rent with $844/mo cash flow after a $504/mo payment. Total monthly income equals $1,495/mo, and annual cash flow comes to $10,123/yr on $34,111 invested. Return on cash invested is 49.59% in year one, and rental yield stands at 17.43% on a $102,900 basis. Equity gained on principal adds $664/yr, and 5% annual appreciation accumulates to $28,429 by year five. Five-year ROI measures 262.23% and total cumulative return in cash reaches $89,450. For financing, Ziffy Mortgage’s DSCR program evaluates $1,495/mo property income against a $504/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58045, Hillsboro, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,058 (100%) |
| Owner Occupied HU | 700 (66.2%) |
| Renter Occupied HU | 228 (21.6%) |
| Vacant Housing Units | 130 (12.3%) |
| Median Home Value | $242,529 |
| Average Home Value | $258,825 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
701
Multi-Family
98
Businesses
129
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Listed by: N/A • N/A
Mls Name: NextHome
Mls Provider:
Mls ID: #6694057