305 Clark AveLarimoreND58251
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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 Larimore at 305 Clark Ave, Larimore, ND, 58251 generates $842/mo in rent, after a $778/mo payment. Total monthly income is $842/mo. Return on cash invested sits at 14.21% in year one, and rental yield is 6.35% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 73.19% and total cumulative return in cash sums $38,580. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $842/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58251, Larimore, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 869 (100%) |
| Owner Occupied HU | 613 (70.5%) |
| Renter Occupied HU | 159 (18.3%) |
| Vacant Housing Units | 97 (11.2%) |
| Median Home Value | $197,266 |
| Average Home Value | $222,378 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
296
Multi-Family
22
Businesses
67
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Listed by: Adam Helgeson • Berkshire Hathaway Homeservices Family Rea
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-1087
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.