421 2nd St EHunterND58048
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
Investment property for sale in Hunter at 421 2nd St E, Hunter, ND, 58048 offers a 9.47% rental yield on a $197,000 purchase with $1,555/mo rent. Total monthly income registers $1,555/mo, and a $964/mo payment leaves $356/mo available for distribution. Annual cash flow reaches $4,275/yr on $65,306 to close, and return on cash invested stands at 26.45% in year one. Equity gained on principal adds $1,271/yr while 5% annual appreciation supports $54,427 over five years. Portfolio math shows five-year ROI at 137.85% and total cumulative return in cash at $90,026. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,555/mo property income against a $964/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.48 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58048, Hunter, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 237 (100%) |
| Owner Occupied HU | 183 (77.2%) |
| Renter Occupied HU | 36 (15.2%) |
| Vacant Housing Units | 18 ( 7.6%) |
| Median Home Value | $290,217 |
| Average Home Value | $286,093 |
Housing Distribution
Address Breakdown
Residential
150
Single Family
150
Multi-Family
0
Businesses
24
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Nearby investment properties with comparable prices
Listed by: Nathan Larson • Park Co., REALTORS
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls Provider:
Mls ID: #6685953
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