322 W 3rd StLarimoreND58251
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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 Larimore at 322 W 3rd St, Larimore, ND, 58251 generates $842/mo in rent and, after a $660/mo payment, leaves $21/mo in cash flow. Total monthly income is $842/mo, and annual cash flow is $255/yr on $44,719 invested. Return on cash invested sits at 20.48% in year one, and rental yield is 7.49% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 105.84% and total cumulative return in cash sums $47,333. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $842/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.31 Acres 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: Jodi Danzl • Berkshire Hathaway Homeservices Family Rea
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-1218
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.