2992 16th St NWColeharborND58531
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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 Coleharbor at 2992 16th St NW, Coleharbor, ND, 58531 generates $0/mo in rent, after a $3,304/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -2.14% in year one, and rental yield is 0% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58531, Coleharbor, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 371 (100%) |
| Owner Occupied HU | 168 (45.3%) |
| Renter Occupied HU | 28 ( 7.5%) |
| Vacant Housing Units | 175 (47.2%) |
| Median Home Value | $332,558 |
| Average Home Value | $429,360 |
Housing Distribution
Address Breakdown
Residential
192
Single Family
192
Multi-Family
0
Businesses
7
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No similar rental properties found nearby.
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Listed by: Ruth Julson • Century 21 Morrison Realty
Mls Name: Badlands BOR
Mls ID: #25-863