2641 141q Ave NWAlexanderND58831
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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 Alexander at 2641 141q Ave NW, Alexander, ND, 58831 generates $618/mo in rent, after a $2,090/mo payment. Total monthly income is $618/mo. Return on cash invested sits at 3.12% in year one, and rental yield is 1.74% on a $427,000 entry. Equity gained on principal adds $2,755/yr, while 5% annual appreciation builds toward $117,972 over five years. Five-year ROI reaches 12.68% and total cumulative return in cash sums $17,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $618/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
5 Acres lot
$N/A/sqft
No HOA
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Listed by: Stephanie Lokken • NextHome Fredricksen Real Estate
Mls Name: Great North MLS
Mls ID: #4021345