422 1st Ave WRichardtonND58652
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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 Richardton at 422 1st Ave W, Richardton, ND, 58652 with 5% annual appreciation on a $229,000 basis while $2,207/mo rent supports operations. Total monthly income totals $2,207/mo and a $1,121/mo payment preserves $789/mo for cash returns. Annual cash flow comes to $9,469/yr on $75,914 deployed, and return on cash invested reaches 32.38% in year one. Equity gained on principal adds $1,478/yr, and five-year appreciation sums $63,268 alongside rental yield of 11.57%. Five-year ROI measures 169.79% and total cumulative return in cash totals $128,897.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,207/mo property income versus a $1,121/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58652, Richardton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 575 (100%) |
| Owner Occupied HU | 389 (67.7%) |
| Renter Occupied HU | 87 (15.1%) |
| Vacant Housing Units | 99 (17.2%) |
| Median Home Value | $212,083 |
| Average Home Value | $304,807 |
Housing Distribution
Address Breakdown
Residential
329
Single Family
329
Multi-Family
0
Businesses
43
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Listed by: Lindsay Grantier • Century 21 Morrison Realty
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-476
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.