402 1st StMaddockND58348
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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
Rental property for sale in Maddock at 402 1st St, Maddock, ND, 58348 priced at $165,000 pairs $1,683/mo rent with $678/mo cash flow after a $808/mo payment. Total monthly income equals $1,683/mo, and annual cash flow comes to $8,140/yr on $54,698 invested. Return on cash invested is 34.79% in year one, and rental yield stands at 12.24% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 182.57% and total cumulative return in cash reaches $99,863. For financing, Ziffy Mortgage’s DSCR program evaluates $1,683/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58348, Maddock, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 444 (100%) |
| Owner Occupied HU | 309 (69.6%) |
| Renter Occupied HU | 50 (11.3%) |
| Vacant Housing Units | 85 (19.1%) |
| Median Home Value | $181,944 |
| Average Home Value | $201,489 |
Housing Distribution
Address Breakdown
Residential
209
Single Family
189
Multi-Family
20
Businesses
35
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Listed by: Chase Freidig • Real Estate 7
Mls Name: My State MLS
Mls ID: #11455350