403 Main StReederND58649
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 Reeder at 403 Main St, Reeder, ND, 58649 offers a 9.18% rental yield on a $179,500 purchase with $1,373/mo rent. Total monthly income registers $1,373/mo, and a $879/mo payment leaves $280/mo available for distribution. Annual cash flow reaches $3,361/yr on $59,504 to close, and return on cash invested stands at 25.56% in year one. Equity gained on principal adds $1,158/yr while 5% annual appreciation supports $49,593 over five years. Portfolio math shows five-year ROI at 133.09% and total cumulative return in cash at $79,192. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,373/mo property income against a $879/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58649, Reeder, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 194 (100%) |
| Owner Occupied HU | 113 (58.2%) |
| Renter Occupied HU | 28 (14.4%) |
| Vacant Housing Units | 53 (27.3%) |
| Median Home Value | $192,500 |
| Average Home Value | $262,544 |
Housing Distribution
Address Breakdown
Residential
152
Single Family
152
Multi-Family
0
Businesses
12
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Listed by: Alison Pierce • Pifer's Auction & Realty
Mls Name: My State MLS
Mls ID: #11205301