403 3rd StRiverdaleND58565
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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
Investment property for sale in Riverdale at 403 3rd St, Riverdale, ND, 58565 offers a 6.35% rental yield on a $349,000 purchase with $1,846/mo rent. 03% in year one. Equity gained on principal adds $2,252/yr while 5% annual appreciation supports $96,422 over five years. Portfolio math shows five-year ROI at 87.28% and total cumulative return in cash at $100,980. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,846/mo property income against a $1,708/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2010
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58565, Riverdale, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 199 (100%) |
| Owner Occupied HU | 100 (50.3%) |
| Renter Occupied HU | 8 ( 4.0%) |
| Vacant Housing Units | 91 (45.7%) |
| Median Home Value | $267,308 |
| Average Home Value | $461,600 |
Housing Distribution
Address Breakdown
Residential
52
Single Family
52
Multi-Family
0
Businesses
18
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Listed by: ANN ANDRE • eXp Realty
Mls Name: eXp Realty
Mls ID: #4020346