281 Grove StSheldonND58068
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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 Sheldon at 281 Grove St, Sheldon, ND, 58068 offers a 10.84% rental yield on a $159,900 purchase with $1,444/mo rent. Total monthly income registers $1,444/mo, and a $783/mo payment leaves $470/mo available for distribution. Annual cash flow reaches $5,645/yr on $53,007 to close, and return on cash invested stands at 30.56% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 159.89% and total cumulative return in cash at $84,750. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,444/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58068, Sheldon, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 142 (100%) |
| Owner Occupied HU | 105 (73.9%) |
| Renter Occupied HU | 26 (18.3%) |
| Vacant Housing Units | 11 ( 7.7%) |
| Median Home Value | $164,583 |
| Average Home Value | $219,095 |
Housing Distribution
Address Breakdown
Residential
121
Single Family
121
Multi-Family
0
Businesses
6
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Listed by: Tyler Evenson • REAL (2534 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6763551