233 2nd AveGladstoneND58630
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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 Gladstone at 233 2nd Ave, Gladstone, ND, 58630 uses $99,450 cash to close to unlock $7,206/yr annual cash flow and $601/mo monthly cash flow. Total monthly income runs $2,426/mo, and a $1,468/mo payment keeps the spread at $601/mo. Purchase price stands at $300,000, and rental yield measures 9.7% with $2,426/mo rent. Return on cash invested shows 27.15% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 141.59% and total cumulative return in cash records $140,808. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,426/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1972
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58630, Gladstone, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 281 (100%) |
| Owner Occupied HU | 216 (76.9%) |
| Renter Occupied HU | 27 ( 9.6%) |
| Vacant Housing Units | 38 (13.5%) |
| Median Home Value | $475,862 |
| Average Home Value | $467,743 |
Housing Distribution
Address Breakdown
Residential
156
Single Family
156
Multi-Family
0
Businesses
10
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Listed by: Sarah E Lund • Infinity Real Estate Group LLC
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-222
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.