305 Prairie Dr NHankinsonND58041
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 305 Prairie Dr N, Hankinson, ND, 58041 in Hankinson offers a clean, manageable entry. Rental yield 6.91%. DSCR 1.28 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $107,474 in additional property value over five years, with $3,583/yr in principal equity building ownership stake. Total projected cumulative return: $139,161.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 6.2% |
| Monthly Cash Flow | $(127) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,240 |
| Total Monthly Debt Service | $2,213 |
| DSCR Ratio | 1.01x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2023
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58041, Hankinson, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 768 (100%) |
| Owner Occupied HU | 527 (68.6%) |
| Renter Occupied HU | 104 (13.5%) |
| Vacant Housing Units | 137 (17.8%) |
| Median Home Value | $148,098 |
| Average Home Value | $193,719 |
Housing Distribution
Address Breakdown
Residential
527
Single Family
527
Multi-Family
0
Businesses
87
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
Single Family
Built in 2023
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58041, Hankinson, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 768 (100%) |
| Owner Occupied HU | 527 (68.6%) |
| Renter Occupied HU | 104 (13.5%) |
| Vacant Housing Units | 137 (17.8%) |
| Median Home Value | $148,098 |
| Average Home Value | $193,719 |
Housing Distribution
Address Breakdown
Residential
527
Single Family
527
Multi-Family
0
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Semerad • Dakota Plains Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6761103