305 Forest StLankinND58250
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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 Lankin at 305 Forest St, Lankin, ND, 58250 with 5% annual appreciation on a $125,000 basis while $0/mo rent supports operations. 13% in year one. Equity gained on principal adds $807/yr, and five-year appreciation sums $34,535 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $612/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1914
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58250, Lankin, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 147 (100%) |
| Owner Occupied HU | 89 (60.5%) |
| Renter Occupied HU | 21 (14.3%) |
| Vacant Housing Units | 37 (25.2%) |
| Median Home Value | $118,269 |
| Average Home Value | $188,736 |
Housing Distribution
Address Breakdown
Residential
55
Single Family
55
Multi-Family
0
Businesses
11
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No similar rental properties found nearby.
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Listed by: Rebecca Chyle • Rose Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-437
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