314 Nelson DrHoraceND58047
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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 Horace at 314 Nelson Dr, Horace, ND, 58047 with 5% annual appreciation on a $289,000 basis while $2,338/mo rent supports operations. Total monthly income totals $2,338/mo and a $1,415/mo payment preserves $579/mo for cash returns. Annual cash flow comes to $6,943/yr on $95,804 deployed, and return on cash invested reaches 27.16% in year one. Equity gained on principal adds $1,865/yr, and five-year appreciation sums $79,845 alongside rental yield of 9.71%. Five-year ROI measures 141.59% and total cumulative return in cash totals $135,650.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,338/mo property income versus a $1,415/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58047, Horace, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,417 (100%) |
| Owner Occupied HU | 2,024 (83.7%) |
| Renter Occupied HU | 153 ( 6.3%) |
| Vacant Housing Units | 240 ( 9.9%) |
| Median Home Value | $468,689 |
| Average Home Value | $542,473 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,130
Multi-Family
6
Businesses
137
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Listed by: Tye Kjellberg • REAL (216 FGO)
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6816017