315 1st Ave SNew RockfordND58356
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 Rockford at 315 1st Ave S, New Rockford, ND, 58356 generates $829/mo in rent and, after a $538/mo payment, leaves $160/mo in cash flow. Total monthly income is $829/mo, and annual cash flow is $1,920/yr on $36,432 invested. Return on cash invested sits at 25.18% in year one, and rental yield is 9.05% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 131.11% and total cumulative return in cash sums $47,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $829/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
9,240 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sara Reese • Vorland Land Company
Mls Name: My State MLS
Mls ID: #11529114