312 4th St NNew SalemND58563
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
Investment Highlights
Rental property for sale in New Salem at 312 4th St N, New Salem, ND, 58563 priced at $113,900 pairs $860/mo rent with $167/mo cash flow after a $557/mo payment. Total monthly income equals $860/mo, and annual cash flow comes to $2,007/yr on $37,758 invested. Return on cash invested is 25.23% in year one, and rental yield stands at 9.06% on a $113,900 basis. Equity gained on principal adds $735/yr, and 5% annual appreciation accumulates to $31,468 by year five. Five-year ROI measures 131.29% and total cumulative return in cash reaches $49,572. For financing, Ziffy Mortgage’s DSCR program evaluates $860/mo property income against a $557/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58563, New Salem, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 962 (100%) |
| Owner Occupied HU | 688 (71.5%) |
| Renter Occupied HU | 110 (11.4%) |
| Vacant Housing Units | 164 (17.0%) |
| Median Home Value | $226,768 |
| Average Home Value | $288,899 |
Housing Distribution
Address Breakdown
Residential
666
Single Family
625
Multi-Family
41
Businesses
58
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brianne Miller • NORTHWEST REALTY GROUP
Mls Name: Great North MLS
Mls ID: #4021926