224 Front StCummingsND58223
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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 Cummings at 224 Front St, Cummings, ND, 58223 priced at $165,000 pairs $1,478/mo rent with $473/mo cash flow after a $808/mo payment. Total monthly income equals $1,478/mo, and annual cash flow comes to $5,680/yr on $54,698 invested. Return on cash invested is 30.29% in year one, and rental yield stands at 10.75% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 158.46% and total cumulative return in cash reaches $86,675. For financing, Ziffy Mortgage’s DSCR program evaluates $1,478/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58223, Cummings, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 86 (100%) |
| Owner Occupied HU | 66 (76.7%) |
| Renter Occupied HU | 12 (14.0%) |
| Vacant Housing Units | 8 ( 9.3%) |
| Median Home Value | $275,000 |
| Average Home Value | $307,311 |
Housing Distribution
Address Breakdown
Residential
93
Single Family
93
Multi-Family
0
Businesses
2
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Listed by: Cheryl Riedinger • Greenberg Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #24-1602
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.