341 2nd St SEBeachND58621
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $2,534/mo, and a $2,055/mo payment. Purchase price stands at $419,900, and rental yield measures 7.24% with $2,534/mo rent. Return on cash invested shows 19.72% in year one, and 5% annual appreciation builds toward $116,011 over five years. Five-year ROI reaches 101.72% and total cumulative return in cash records $141,588. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,534/mo property income covering a $2,055/mo payment rather than investor’s personal income.
Single Family
Built in 1910
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58621, Beach, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 656 (100%) |
| Owner Occupied HU | 412 (62.8%) |
| Renter Occupied HU | 109 (16.6%) |
| Vacant Housing Units | 135 (20.6%) |
| Median Home Value | $184,524 |
| Average Home Value | $229,102 |
Housing Distribution
Address Breakdown
Residential
125
Single Family
125
Multi-Family
0
Businesses
79
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bruce C Ross • Home and Land Company
Mls Name: Badlands BOR
Mls ID: #26-42