260 5th Ave SCarringtonND58421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Carrington at 260 5th Ave S, Carrington, ND, 58421 uses $37,128 cash to close to unlock $1,998/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $848/mo, and a $548/mo payment keeps the spread at $167/mo. Purchase price stands at $112,000, and rental yield measures 9.09% with $848/mo rent. Return on cash invested shows 25.29% in year one, and 5% annual appreciation builds toward $30,944 over five years. Five-year ROI reaches 131.62% and total cumulative return in cash records $48,867. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $848/mo property income covering a $548/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58421, Carrington, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,459 (100%) |
| Owner Occupied HU | 943 (64.6%) |
| Renter Occupied HU | 297 (20.4%) |
| Vacant Housing Units | 219 (15.0%) |
| Median Home Value | $204,427 |
| Average Home Value | $261,331 |
Housing Distribution
Address Breakdown
Residential
1,277
Single Family
1,160
Multi-Family
117
Businesses
187
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alison Schumann • Century 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4022327