302 N Neuman BlvdColfaxND58018
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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 Colfax at 302 N Neuman Blvd, Colfax, ND, 58018 generates $1,744/mo in rent, after a $2,937/mo payment. Total monthly income is $1,744/mo. Return on cash invested sits at 8.46% in year one, and rental yield is 3.49% on a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 41.28% and total cumulative return in cash sums $81,479. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,744/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
0.67 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58018, Colfax, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 159 (100%) |
| Owner Occupied HU | 132 (83.0%) |
| Renter Occupied HU | 13 ( 8.2%) |
| Vacant Housing Units | 14 ( 8.8%) |
| Median Home Value | $247,619 |
| Average Home Value | $276,117 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
95
Multi-Family
0
Businesses
16
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Listed by: Nate Anderson • Thomsen Homes
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6737955