409 Steele AveHopeND58046
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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 Hope at 409 Steele Ave, Hope, ND, 58046 with 5% annual appreciation on a $247,500 basis while $0/mo rent supports operations. 12% in year one. Equity gained on principal adds $1,597/yr, and five-year appreciation sums $68,380 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $1,211/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1970
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58046, Hope, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 299 (100%) |
| Owner Occupied HU | 203 (67.9%) |
| Renter Occupied HU | 38 (12.7%) |
| Vacant Housing Units | 58 (19.4%) |
| Median Home Value | $279,688 |
| Average Home Value | $282,032 |
Housing Distribution
Address Breakdown
Residential
160
Single Family
151
Multi-Family
9
Businesses
26
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Listed by: Karla Thykeson • Viking Insurance & Realty
Mls Name: GFBMLS
Mls Provider:
Mls ID: #24-1475
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