307 3rd St NRichardtonND58652
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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 Richardton at 307 3rd St N, Richardton, ND, 58652 offers a 9.44% rental yield on a $165,000 purchase with $1,298/mo rent. Total monthly income registers $1,298/mo, and a $808/mo payment leaves $293/mo available for distribution. Annual cash flow reaches $3,520/yr on $54,698 to close, and return on cash invested stands at 26.35% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 137.25% and total cumulative return in cash at $75,071. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,298/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58652, Richardton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 575 (100%) |
| Owner Occupied HU | 389 (67.7%) |
| Renter Occupied HU | 87 (15.1%) |
| Vacant Housing Units | 99 (17.2%) |
| Median Home Value | $212,083 |
| Average Home Value | $304,807 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
43
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Listed by: Briana M Crook • The Real Estate Company
Mls Name: Badlands BOR
Mls ID: #25-835