404 2nd Ave NEHillsboroND58045
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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 Hillsboro at 404 2nd Ave NE, Hillsboro, ND, 58045 generates $1,487/mo in rent, after a $2,007/mo payment. Total monthly income is $1,487/mo. Return on cash invested sits at 11% in year one, and rental yield is 4.35% on a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation builds toward $113,275 over five years. Five-year ROI reaches 54.97% and total cumulative return in cash sums $74,711. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,487/mo property income rather than buyer’s personal income.
Single Family
Built in 1923
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58045, Hillsboro, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,058 (100%) |
| Owner Occupied HU | 700 (66.2%) |
| Renter Occupied HU | 228 (21.6%) |
| Vacant Housing Units | 130 (12.3%) |
| Median Home Value | $242,529 |
| Average Home Value | $258,825 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
701
Multi-Family
98
Businesses
129
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Listed by: N/A • N/A
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