315 4th StDavenportND58021
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 315 4th St, Davenport, ND, 58021 in Davenport is listed at $309,900 and delivers $2,159/mo in rent and $273/mo in net monthly cash flow. The 8.36% yield and 1.55 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $85,620 over five years, and $2,854/yr in principal reduction supplements cash return. Total projected cumulative return: $134,931.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $273 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,159 |
| Total Monthly Debt Service | $1,763 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 1998
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58021, Davenport, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 169 (100%) |
| Owner Occupied HU | 137 (81.1%) |
| Renter Occupied HU | 23 (13.6%) |
| Vacant Housing Units | 9 ( 5.3%) |
| Median Home Value | $397,059 |
| Average Home Value | $405,876 |
Housing Distribution
Address Breakdown
Residential
79
Single Family
79
Multi-Family
0
Businesses
8
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
Manufactured
Built in 1998
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58021, Davenport, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 169 (100%) |
| Owner Occupied HU | 137 (81.1%) |
| Renter Occupied HU | 23 (13.6%) |
| Vacant Housing Units | 9 ( 5.3%) |
| Median Home Value | $397,059 |
| Average Home Value | $405,876 |
Housing Distribution
Address Breakdown
Residential
79
Single Family
79
Multi-Family
0
Businesses
8
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7032714