404 2nd Ave SEAshleyND58413
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 404 2nd Ave SE, Ashley, ND, 58413 in Ashley is straightforward: $199,900 in, $1,563/mo in rent, $346/mo out after debt service. The 9.38% gross yield and 1.74 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $55,229 by year five. With $1,841/yr in principal equity, the total cumulative return is projected at $98,006.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $346 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,563 |
| Total Monthly Debt Service | $1,137 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1980
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58413, Ashley, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 757 (100%) |
| Owner Occupied HU | 400 (52.8%) |
| Renter Occupied HU | 96 (12.7%) |
| Vacant Housing Units | 261 (34.5%) |
| Median Home Value | $77,000 |
| Average Home Value | $141,619 |
Housing Distribution
Address Breakdown
Residential
371
Single Family
351
Multi-Family
20
Businesses
81
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
Single Family
Built in 1980
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58413, Ashley, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 757 (100%) |
| Owner Occupied HU | 400 (52.8%) |
| Renter Occupied HU | 96 (12.7%) |
| Vacant Housing Units | 261 (34.5%) |
| Median Home Value | $77,000 |
| Average Home Value | $141,619 |
Housing Distribution
Address Breakdown
Residential
371
Single Family
351
Multi-Family
20
Businesses
81
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Great North MLS
Mls ID: #4023861