320 6th StRiverdaleND58565
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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
Rental property for sale in Riverdale at 320 6th St, Riverdale, ND, 58565 generates $2,564/mo in rent, after a $2,129/mo payment. Total monthly income is $2,564/mo. Return on cash invested sits at 19.22% in year one, and rental yield is 7.07% on a $434,900 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation builds toward $120,155 over five years. Five-year ROI reaches 99% and total cumulative return in cash sums $142,721. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,564/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58565, Riverdale, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 199 (100%) |
| Owner Occupied HU | 100 (50.3%) |
| Renter Occupied HU | 8 ( 4.0%) |
| Vacant Housing Units | 91 (45.7%) |
| Median Home Value | $267,308 |
| Average Home Value | $461,600 |
Housing Distribution
Address Breakdown
Residential
52
Single Family
52
Multi-Family
0
Businesses
18
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Listed by: KEENAN R LUNDE • Realty One Group - Encore
Mls Name: Great North MLS
Mls ID: #4019473