300 Prairie Dr NHankinsonND58041
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
Rental property for sale in Hankinson at 300 Prairie Dr N, Hankinson, ND, 58041 offers $3,122/mo rent that, after a $2,041/mo payment, leaves $584/mo cash flow. Total monthly income is $3,122/mo, and annual cash flow is $7,009/yr on $138,236 cash. Return on cash invested measures 24.98% in year one, and rental yield stands at 8.98% at a $417,000 entry. Equity gained on principal adds $2,691/yr while 5% annual appreciation compounds into $115,209 by year five. Five-year ROI records 129.92% and total cumulative return in cash reaches $179,593. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,122/mo property income versus a $2,041/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.36 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: Jason Semerad • Dakota Plains Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6760639