310 2nd Ave NNew 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 310 2nd Ave N, New Rockford, ND, 58356 earns $325/mo cash flow from $1,189/mo rent with a $695/mo payment. Total monthly income totals $1,189/mo, and annual cash flow totals $3,897/yr on $47,073 capital. ROI tracks 28.19% on current figures, and rental yield reads 10.05% at a $142,000 purchase. Equity gained on principal adds $916/yr, and 5% annual appreciation supports $39,232 over five years. Five-year ROI reaches 147.12% and total cumulative return in cash sums $69,254. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,189/mo property income instead of your personal income.
Single Family
Built in 1952
0.28 Acres 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: #11572966