231 Baker AveDickinsonND58601
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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 Dickinson at 231 Baker Ave, Dickinson, ND, 58601 offers $2,471/mo rent that, after a $1,313/mo payment, leaves $838/mo cash flow. Total monthly income is $2,471/mo, and annual cash flow is $10,059/yr on $88,941 cash. Return on cash invested measures 31.22% in year one, and rental yield stands at 11.05% at a $268,300 entry. Equity gained on principal adds $1,731/yr while 5% annual appreciation compounds into $74,126 by year five. Five-year ROI records 163.4% and total cumulative return in cash reaches $145,327. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,471/mo property income versus a $1,313/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58601, Dickinson, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,995 (100%) |
| Owner Occupied HU | 7,325 (52.3%) |
| Renter Occupied HU | 4,954 (35.4%) |
| Vacant Housing Units | 1,716 (12.3%) |
| Median Home Value | $293,951 |
| Average Home Value | $334,503 |
Housing Distribution
Address Breakdown
Residential
13,405
Single Family
10,987
Multi-Family
2,418
Businesses
1,060
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Listed by: Briana M Crook • The Real Estate Company
Mls Name: Badlands BOR
Mls ID: #25-975