300 Pine DrHankinsonND58041
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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 Hankinson at 300 Pine Dr, Hankinson, ND, 58041 generates $2,785/mo in rent and, after a $1,835/mo payment, leaves $503/mo in cash flow. Total monthly income is $2,785/mo, and annual cash flow is $6,037/yr on $124,313 invested. Return on cash invested sits at 24.77% in year one, and rental yield is 8.91% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 128.77% and total cumulative return in cash sums $160,083. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,785/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58041, Hankinson, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 768 (100%) |
| Owner Occupied HU | 527 (68.6%) |
| Renter Occupied HU | 104 (13.5%) |
| Vacant Housing Units | 137 (17.8%) |
| Median Home Value | $148,098 |
| Average Home Value | $193,719 |
Housing Distribution
Address Breakdown
Residential
527
Single Family
527
Multi-Family
0
Businesses
87
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Listed by: Tyler Evenson • REAL (2534 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7004855