311 Main St NFordvilleND58231
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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 Fordville at 311 Main St N, Fordville, ND, 58231 priced at $140,000 pairs $0/mo rent with after a $685/mo payment. Total monthly income equals $0/mo. Return on cash invested is -2.12% in year one, and rental yield stands at 0% on a $140,000 basis. Equity gained on principal adds $903/yr, and 5% annual appreciation accumulates to $38,679 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $685/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1905
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58231, Fordville, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 202 (100%) |
| Owner Occupied HU | 145 (71.8%) |
| Renter Occupied HU | 20 ( 9.9%) |
| Vacant Housing Units | 37 (18.3%) |
| Median Home Value | $112,500 |
| Average Home Value | $177,121 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
18
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No similar rental properties found nearby.
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Listed by: Rebecca Chyle • Rose Realty
Mls Name: GFBMLS
Mls ID: #25-901