230 B St NRichardtonND58652
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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 Richardton at 230 B St N, Richardton, ND, 58652 uses $71,273 cash to close to unlock $9,885/yr annual cash flow and $824/mo monthly cash flow. Total monthly income runs $2,132/mo, and a $1,052/mo payment keeps the spread at $824/mo. Purchase price stands at $215,000, and rental yield measures 11.9% with $2,132/mo rent. Return on cash invested shows 33.78% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 177.11% and total cumulative return in cash records $126,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,132/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1907
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58652, Richardton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 575 (100%) |
| Owner Occupied HU | 389 (67.7%) |
| Renter Occupied HU | 87 (15.1%) |
| Vacant Housing Units | 99 (17.2%) |
| Median Home Value | $212,083 |
| Average Home Value | $304,807 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
43
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Listed by: Ninetta Wandler • RE/MAX Integrity Realty
Mls Name: Badlands BOR
Mls ID: #25-860