403 2nd Ave NECrosbyND58730
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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 Crosby at 403 2nd Ave NE, Crosby, ND, 58730 priced at $118,000 converts $918/mo rent into $199/mo cash flow after a $578/mo obligation. Total monthly income equals $918/mo, and annual cash flow totals $2,393/yr on $39,117 invested. Return on cash invested prints 26.03% in year one, and rental yield reads 9.34% against a $118,000 entry. Equity gained on principal adds $761/yr, while 5% annual appreciation compiles into $32,601 by year five. Five-year ROI reaches 135.57% and total cumulative return in cash sums $53,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $918/mo property income covering a $578/mo payment, not borrower’s personal income.
Single Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No HOA
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Listed by: Jennifer J Smith • eXp Realty
Mls Name: Great North MLS
Mls ID: #4021452