322 Garrison 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 322 Garrison Ave, Larimore, ND, 58251 at $125,000 posts ROI 22.26% with $81/mo cash flow from $842/mo rent. Total monthly income equals $842/mo, and annual cash flow records $972/yr on $41,438 to close. Return on cash invested measures 22.26% and rental yield reads 8.08% at the current $125,000. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 by year five. Five-year ROI prints 115.41% and total cumulative return in cash totals $47,825.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $842/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
8,712 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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Listed by: Mary Hoverson • Oxford Realty
Mls Name: GFBMLS
Mls ID: #25-1392