420 1st St NWLamoureND58458
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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
Rental property for sale in Lamoure at 420 1st St NW, Lamoure, ND, 58458 priced at $357,000 pairs $2,063/mo rent with after a $1,747/mo payment. Total monthly income equals $2,063/mo. Return on cash invested is 18.8% in year one, and rental yield stands at 6.93% on a $357,000 basis. Equity gained on principal adds $2,304/yr, and 5% annual appreciation accumulates to $98,633 by year five. Five-year ROI measures 96.76% and total cumulative return in cash reaches $114,508. For financing, Ziffy Mortgage’s DSCR program evaluates $2,063/mo property income against a $1,747/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1901
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58458, Lamoure, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 608 (100%) |
| Owner Occupied HU | 376 (61.8%) |
| Renter Occupied HU | 119 (19.6%) |
| Vacant Housing Units | 113 (18.6%) |
| Median Home Value | $162,264 |
| Average Home Value | $210,612 |
Housing Distribution
Address Breakdown
Residential
422
Single Family
386
Multi-Family
36
Businesses
87
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Listed by: Naomi Turner • Prairie Rose Realty, Inc.
Mls Name: My State MLS
Mls ID: #11335278