33 Main St NDes LacsND58733
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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 Des Lacs at 33 Main St N, Des Lacs, ND, 58733 priced at $130,000 converts $1,134/mo rent into $343/mo cash flow after a $636/mo obligation. Total monthly income equals $1,134/mo, and annual cash flow totals $4,117/yr on $43,095 invested. Return on cash invested prints 29.46% in year one, and rental yield reads 10.47% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 154.05% and total cumulative return in cash sums $66,387. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,134/mo property income covering a $636/mo payment, not borrower’s personal income.
Manufactured
Built in 1998
1.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58733, Des Lacs, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 174 (100%) |
| Owner Occupied HU | 137 (78.7%) |
| Renter Occupied HU | 27 (15.5%) |
| Vacant Housing Units | 10 ( 5.7%) |
| Median Home Value | $262,500 |
| Average Home Value | $322,172 |
Housing Distribution
Address Breakdown
Residential
101
Single Family
101
Multi-Family
0
Businesses
5
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Listed by: Tim Knutson • eXp Realty
Mls Name: Minot MLS
Mls ID: #251501