405 2nd St NEValley CityND58072
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
Investment Highlights
Rental property for sale in Valley City at 405 2nd St NE, Valley City, ND, 58072 offers $1,038/mo rent that, after a $715/mo payment, leaves $149/mo cash flow. Total monthly income is $1,038/mo, and annual cash flow is $1,788/yr on $48,399 cash. Return on cash invested measures 23.6% in year one, and rental yield stands at 8.53% at a $146,000 entry. Equity gained on principal adds $942/yr while 5% annual appreciation compounds into $40,337 by year five. Five-year ROI records 122.63% and total cumulative return in cash reaches $59,350. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,038/mo property income versus a $715/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1894
6,534 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David Singleton • Trilogy Real Estate
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6703752
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