317 Lewis AveLarimoreND58251
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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 Larimore at 317 Lewis Ave, Larimore, ND, 58251 earns $385/mo cash flow from $1,153/mo rent with a $544/mo payment. Total monthly income totals $1,153/mo, and annual cash flow totals $4,623/yr on $36,863 capital. ROI tracks 32.45% on current figures, and rental yield reads 12.44% at a $111,200 purchase. Equity gained on principal adds $718/yr, and 5% annual appreciation supports $30,723 over five years. Five-year ROI reaches 171.11% and total cumulative return in cash sums $63,076. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,153/mo property income instead of your personal income.
Single Family
Built in 1925
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58251, Larimore, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 869 (100%) |
| Owner Occupied HU | 613 (70.5%) |
| Renter Occupied HU | 159 (18.3%) |
| Vacant Housing Units | 97 (11.2%) |
| Median Home Value | $197,266 |
| Average Home Value | $222,378 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
296
Multi-Family
22
Businesses
67
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