230 1st St NFessendenND58438
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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
Investment property for sale in Fessenden at 230 1st St N, Fessenden, ND, 58438 earns $248/mo cash flow from $1,033/mo rent with a $631/mo payment. Total monthly income totals $1,033/mo, and annual cash flow totals $2,979/yr on $42,764 capital. ROI tracks 26.88% on current figures, and rental yield reads 9.61% at a $129,000 purchase. Equity gained on principal adds $832/yr, and 5% annual appreciation supports $35,640 over five years. Five-year ROI reaches 140.14% and total cumulative return in cash sums $59,929. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,033/mo property income instead of your personal income.
Single Family
Built in 1963
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58438, Fessenden, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 383 (100%) |
| Owner Occupied HU | 264 (68.9%) |
| Renter Occupied HU | 43 (11.2%) |
| Vacant Housing Units | 76 (19.8%) |
| Median Home Value | $75,600 |
| Average Home Value | $115,436 |
Housing Distribution
Address Breakdown
Residential
184
Single Family
184
Multi-Family
0
Businesses
57
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Listed by: Sara Reese • Vorland Land Company
Mls Name: My State MLS
Mls ID: #11576877