401 N 1st StStrasburgND58573
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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 Strasburg at 401 N 1st St, Strasburg, ND, 58573 generates $1,288/mo in rent and, after a $830/mo payment, leaves $256/mo in cash flow. Total monthly income is $1,288/mo, and annual cash flow is $3,072/yr on $56,189 invested. Return on cash invested sits at 25.38% in year one, and rental yield is 9.12% on a $169,500 entry. Equity gained on principal adds $1,094/yr, while 5% annual appreciation builds toward $46,830 over five years. Five-year ROI reaches 132.13% and total cumulative return in cash sums $74,240. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,288/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58573, Strasburg, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 432 (100%) |
| Owner Occupied HU | 260 (60.2%) |
| Renter Occupied HU | 50 (11.6%) |
| Vacant Housing Units | 122 (28.2%) |
| Median Home Value | $177,273 |
| Average Home Value | $380,048 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
89
Multi-Family
15
Businesses
31
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Listed by: Maggie Newhouse • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4022775