403 S Park StNorthwoodND58267
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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 S Park St, Northwood, ND, 58267 offers a 11.64% rental yield on a $240,000 purchase with $2,328/mo rent. Total monthly income registers $2,328/mo, and a $1,175/mo payment leaves $867/mo available for distribution. Annual cash flow reaches $10,404/yr on $79,560 to close, and return on cash invested stands at 32.99% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 172.81% and total cumulative return in cash at $137,486. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,328/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.34 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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