405 2nd St NEKenmareND58746
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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 Kenmare at 405 2nd St NE, Kenmare, ND, 58746 offers a 9.3% rental yield on a $135,000 purchase with $1,046/mo rent. Total monthly income registers $1,046/mo, and a $661/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,689/yr on $44,753 to close, and return on cash invested stands at 25.92% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 135.06% and total cumulative return in cash at $60,445. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,046/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58746, Kenmare, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 832 (100%) |
| Owner Occupied HU | 517 (62.1%) |
| Renter Occupied HU | 132 (15.9%) |
| Vacant Housing Units | 183 (22.0%) |
| Median Home Value | $162,972 |
| Average Home Value | $208,187 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
356
Multi-Family
67
Businesses
78
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Listed by: Taylor Eckleberry • SIGNAL REALTY
Mls Name: Minot MLS
Mls ID: #251461