302 8th St EHoraceND58047
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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 Horace at 302 8th St E, Horace, ND, 58047 offers a 8.77% rental yield on a $358,900 purchase with $2,624/mo rent. Total monthly income registers $2,624/mo, and a $1,757/mo payment leaves $439/mo available for distribution. Annual cash flow reaches $5,272/yr on $118,975 to close, and return on cash invested stands at 24.34% in year one. Equity gained on principal adds $2,316/yr while 5% annual appreciation supports $99,157 over five years. Portfolio math shows five-year ROI at 126.49% and total cumulative return in cash at $150,492. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,624/mo property income against a $1,757/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58047, Horace, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,417 (100%) |
| Owner Occupied HU | 2,024 (83.7%) |
| Renter Occupied HU | 153 ( 6.3%) |
| Vacant Housing Units | 240 ( 9.9%) |
| Median Home Value | $468,689 |
| Average Home Value | $542,473 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,130
Multi-Family
6
Businesses
137
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Listed by: Leith Devier • Trilogy Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6817748