421 Lewis AveLarimoreND58251
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 Larimore at 421 Lewis Ave, Larimore, ND, 58251 priced at $340,000 converts $842/mo rent into after a $1,664/mo obligation. Total monthly income equals $842/mo. Return on cash invested prints 4.92% in year one, and rental yield reads 2.97% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 23% and total cumulative return in cash sums $25,926. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $842/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58251, Larimore, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 869 (100%) |
| Owner Occupied HU | 613 (70.5%) |
| Renter Occupied HU | 159 (18.3%) |
| Vacant Housing Units | 97 (11.2%) |
| Median Home Value | $197,266 |
| Average Home Value | $222,378 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
296
Multi-Family
22
Businesses
67
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kimberly Efta • RE/MAX Grand
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-1101
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.