407 7th St NNew SalemND58563
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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 New Salem at 407 7th St N, New Salem, ND, 58563 earns $114/mo cash flow from $1,422/mo rent with a $1,052/mo payment. Total monthly income totals $1,422/mo, and annual cash flow totals $1,367/yr on $71,239 capital. ROI tracks 21.83% on current figures, and rental yield reads 7.94% at a $214,900 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 over five years. Five-year ROI reaches 113% and total cumulative return in cash sums $80,502. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,422/mo property income instead of your personal income.
Single Family
Built in 1973
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58563, New Salem, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 962 (100%) |
| Owner Occupied HU | 688 (71.5%) |
| Renter Occupied HU | 110 (11.4%) |
| Vacant Housing Units | 164 (17.0%) |
| Median Home Value | $226,768 |
| Average Home Value | $288,899 |
Housing Distribution
Address Breakdown
Residential
666
Single Family
625
Multi-Family
41
Businesses
58
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Listed by: Noah Spitzer • Realty One Group - Encore
Mls Name: Great North MLS
Mls ID: #4019590
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.