221 Gay StRutlandND58067
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 Rutland at 221 Gay St, Rutland, ND, 58067 offers $1,831/mo rent that, after a $905/mo payment, leaves $706/mo cash flow. Total monthly income is $1,831/mo, and annual cash flow is $8,466/yr on $61,328 cash. Return on cash invested measures 33.71% in year one, and rental yield stands at 11.88% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 176.75% and total cumulative return in cash reaches $108,399. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,831/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58067, Rutland, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 138 (100%) |
| Owner Occupied HU | 100 (72.5%) |
| Renter Occupied HU | 13 ( 9.4%) |
| Vacant Housing Units | 25 (18.1%) |
| Median Home Value | $108,333 |
| Average Home Value | $176,575 |
Housing Distribution
Address Breakdown
Residential
50
Single Family
50
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darin Milbrath • Dakota Plains Realty
Mls Name: Great North MLS
Mls ID: #4020724