216 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 216 1st Ave NE, Kenmare, ND, 58746 priced at $284,900 pairs $2,429/mo rent with $695/mo cash flow after a $1,394/mo payment. Total monthly income equals $2,429/mo, and annual cash flow comes to $8,346/yr on $94,444 invested. Return on cash invested is 28.75% in year one, and rental yield stands at 10.23% on a $284,900 basis. Equity gained on principal adds $1,838/yr, and 5% annual appreciation accumulates to $78,713 by year five. Five-year ROI measures 150.11% and total cumulative return in cash reaches $141,767. For financing, Ziffy Mortgage’s DSCR program evaluates $2,429/mo property income against a $1,394/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1906
0.88 Acres 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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Listed by: Natosha Gartner • BROKERS 12, INC.
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250400
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