309 Central AveNew RockfordND58356
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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 New Rockford at 309 Central Ave, New Rockford, ND, 58356 offers a 9.11% rental yield on a $159,000 purchase with $1,207/mo rent. Total monthly income registers $1,207/mo, and a $778/mo payment leaves $240/mo available for distribution. Annual cash flow reaches $2,874/yr on $52,709 to close, and return on cash invested stands at 25.36% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 131.98% and total cumulative return in cash at $69,564. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,207/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58356, New Rockford, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 549 (60.4%) |
| Renter Occupied HU | 184 (20.2%) |
| Vacant Housing Units | 176 (19.4%) |
| Median Home Value | $154,960 |
| Average Home Value | $205,378 |
Housing Distribution
Address Breakdown
Residential
794
Single Family
702
Multi-Family
92
Businesses
117
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Listed by: Sara Reese • Vorland Land Company
Mls Name: My State MLS
Mls ID: #11511715