403 Old Highway 15NorthwoodND58267
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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 Northwood at 403 Old Highway 15, Northwood, ND, 58267 offers a 10.59% rental yield on a $197,900 purchase with $1,746/mo rent. Total monthly income registers $1,746/mo, and a $969/mo payment leaves $541/mo available for distribution. Annual cash flow reaches $6,494/yr on $65,604 to close, and return on cash invested stands at 29.81% in year one. Equity gained on principal adds $1,277/yr while 5% annual appreciation supports $54,676 over five years. Portfolio math shows five-year ROI at 155.86% and total cumulative return in cash at $102,249. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,746/mo property income against a $969/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58267, Northwood, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 677 (100%) |
| Owner Occupied HU | 483 (71.3%) |
| Renter Occupied HU | 107 (15.8%) |
| Vacant Housing Units | 87 (12.9%) |
| Median Home Value | $281,875 |
| Average Home Value | $325,067 |
Housing Distribution
Address Breakdown
Residential
297
Single Family
288
Multi-Family
9
Businesses
60
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Listed by: Shawn D. Horn • Crary Real Estate
Mls Name: GFBMLS
Mls ID: #25-1206