218 Lylac CirFormanND58032
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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 Forman at 218 Lylac Cir, Forman, ND, 58032 priced at $269,000 converts $0/mo rent into after a $1,317/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.05% in year one, and rental yield reads 0% against a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation compiles into $74,320 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,317/mo payment, not borrower’s personal income.
Single Family
Built in 2013
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58032, Forman, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 363 (100%) |
| Owner Occupied HU | 215 (59.2%) |
| Renter Occupied HU | 87 (24.0%) |
| Vacant Housing Units | 61 (16.8%) |
| Median Home Value | $208,750 |
| Average Home Value | $249,349 |
Housing Distribution
Address Breakdown
Residential
247
Single Family
195
Multi-Family
52
Businesses
57
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Kassie Lacina • Results Realty, Inc
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6532175
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.