309 3rd Ave NGlenburnND58740
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 309 3rd Ave N, Glenburn, ND, 58740 in Glenburn earns a 8.79% gross yield at $255,000. Rent of $1,868/mo nets $316/mo after the $1,147/mo mortgage. The 1.63 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $70,452 and $2,349/yr in equity accumulation project a total cumulative return of $116,939.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 6.2% |
| Monthly Cash Flow | $316 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,868 |
| Total Monthly Debt Service | $1,451 |
| DSCR Ratio | 1.29x |
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 1914
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58740, Glenburn, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 272 (68.0%) |
| Renter Occupied HU | 54 (13.5%) |
| Vacant Housing Units | 74 (18.5%) |
| Median Home Value | $220,313 |
| Average Home Value | $239,972 |
Housing Distribution
Address Breakdown
Residential
258
Single Family
258
Multi-Family
0
Businesses
21
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 1914
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58740, Glenburn, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 272 (68.0%) |
| Renter Occupied HU | 54 (13.5%) |
| Vacant Housing Units | 74 (18.5%) |
| Median Home Value | $220,313 |
| Average Home Value | $239,972 |
Housing Distribution
Address Breakdown
Residential
258
Single Family
258
Multi-Family
0
Businesses
21
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Great North MLS
Mls ID: #4024871