314 2nd Ave SEHankinsonND58041
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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 Hankinson at 314 2nd Ave SE, Hankinson, ND, 58041 earns $267/mo cash flow from $1,119/mo rent with a $685/mo payment. Total monthly income totals $1,119/mo, and annual cash flow totals $3,207/yr on $46,377 capital. ROI tracks 26.83% on current figures, and rental yield reads 9.6% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 139.89% and total cumulative return in cash sums $64,875. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,119/mo property income instead of your personal income.
Single Family
Built in 1987
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58041, Hankinson, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 768 (100%) |
| Owner Occupied HU | 527 (68.6%) |
| Renter Occupied HU | 104 (13.5%) |
| Vacant Housing Units | 137 (17.8%) |
| Median Home Value | $148,098 |
| Average Home Value | $193,719 |
Housing Distribution
Address Breakdown
Residential
527
Single Family
527
Multi-Family
0
Businesses
87
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Listed by: Lisa Mauch • Miller Realty, Inc.
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6788088