306 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
Investment property for sale in Colfax at 306 N Neuman Blvd, Colfax, ND, 58018 offers a 4.45% rental yield on a $495,000 purchase with $1,836/mo rent. 3% in year one. Equity gained on principal adds $3,194/yr while 5% annual appreciation supports $136,759 over five years. Portfolio math shows five-year ROI at 56.58% and total cumulative return in cash at $92,842. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,836/mo property income against a $2,423/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.67 Acres 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: Rich Olson • Next Level Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6741607