308 Borchardt AveUnderwoodND58576
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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 Underwood at 308 Borchardt Ave, Underwood, ND, 58576 priced at $110,000 converts $1,076/mo rent into $407/mo cash flow after a $538/mo obligation. Total monthly income equals $1,076/mo, and annual cash flow totals $4,883/yr on $36,465 invested. Return on cash invested prints 33.3% in year one, and rental yield reads 11.74% against a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation compiles into $30,391 by year five. Five-year ROI reaches 174.54% and total cumulative return in cash sums $63,648. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,076/mo property income covering a $538/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58576, Underwood, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 365 (68.7%) |
| Renter Occupied HU | 61 (11.5%) |
| Vacant Housing Units | 105 (19.8%) |
| Median Home Value | $277,532 |
| Average Home Value | $473,212 |
Housing Distribution
Address Breakdown
Residential
157
Single Family
157
Multi-Family
0
Businesses
48
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Listed by: DANIELLE C LEVEY • MIKE NELSON REALTY
Mls Name: Great North MLS
Mls ID: #4019710