3499 63rd Ave NEOberonND58357
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
Investment property for sale in Oberon at 3499 63rd Ave NE, Oberon, ND, 58357 uses $65,969 cash to close to unlock $742/yr annual cash flow and $62/mo monthly cash flow. Total monthly income runs $1,273/mo, and a $974/mo payment keeps the spread at $62/mo. Purchase price stands at $199,000, and rental yield measures 7.68% with $1,273/mo rent. Return on cash invested shows 21.03% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 108.75% and total cumulative return in cash records $71,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,273/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1927
11.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58357, Oberon, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 312 (100%) |
| Owner Occupied HU | 178 (57.1%) |
| Renter Occupied HU | 89 (28.5%) |
| Vacant Housing Units | 45 (14.4%) |
| Median Home Value | $107,813 |
| Average Home Value | $201,011 |
Housing Distribution
Address Breakdown
Residential
76
Single Family
76
Multi-Family
0
Businesses
3
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris Wahl • Reign Realty
Mls Name: GFBMLS
Mls ID: #25-1825