220 4th Ave NEKenmareND58746
INVESTMENT ANALYSIS
Investment Verdict
Solid Income220 4th Ave NE, Kenmare, ND, 58746 in Kenmare is a solid income-producing rental, 8.25% gross yield, $2,124/mo rent, $243/mo net cash flow on a $309,000 buy. DSCR 1.53 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $85,371 and $2,846/yr in principal reduction project a total cumulative return of $132,716.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.2% |
| Monthly Cash Flow | $243 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,124 |
| Total Monthly Debt Service | $1,758 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1968
0.32 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
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
Single Family
Built in 1968
0.32 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Penny Belgarde • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls ID: #251582