219 12th Ave NEDevils LakeND58301
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
Investment property for sale in Devils Lake at 219 12th Ave NE, Devils Lake, ND, 58301 offers a 7.6% rental yield on a $295,000 purchase with $1,868/mo rent. Total monthly income registers $1,868/mo, and a $1,444/mo payment leaves $66/mo available for distribution. Annual cash flow reaches $796/yr on $97,793 to close, and return on cash invested stands at 20.72% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 107.13% and total cumulative return in cash at $104,762. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,868/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
10,075 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58301, Devils Lake, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,184 (100%) |
| Owner Occupied HU | 2,704 (52.2%) |
| Renter Occupied HU | 1,723 (33.2%) |
| Vacant Housing Units | 757 (14.6%) |
| Median Home Value | $244,033 |
| Average Home Value | $272,981 |
Housing Distribution
Address Breakdown
Residential
4,650
Single Family
3,669
Multi-Family
981
Businesses
657
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa A. Pavek • Real Estate 7
Mls Name: My State MLS
Mls ID: #11480971