303 Lomen StBenedictND58716
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 Benedict at 303 Lomen St, Benedict, ND, 58716 offers $1,410/mo rent that, after a $734/mo payment, leaves $497/mo cash flow. Total monthly income is $1,410/mo, and annual cash flow is $5,968/yr on $49,692 cash. Return on cash invested measures 31.92% in year one, and rental yield stands at 11.29% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 167.16% and total cumulative return in cash reaches $83,063. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,410/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58716, Benedict, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 76 (100%) |
| Owner Occupied HU | 53 (69.7%) |
| Renter Occupied HU | 7 ( 9.2%) |
| Vacant Housing Units | 16 (21.1%) |
| Median Home Value | $315,625 |
| Average Home Value | $363,066 |
Housing Distribution
Address Breakdown
Residential
52
Single Family
52
Multi-Family
0
Businesses
3
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Nearby investment properties with comparable prices
Listed by: Amy Rogers • BROKERS 12, INC.
Mls Name: Minot MLS
Mls Provider:
Mls ID: #251171
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