422 4th St SNew RockfordND58356
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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 New Rockford at 422 4th St S, New Rockford, ND, 58356 offers $0/mo rent that, after a $1,077/mo payment. Total monthly income is $0/mo. Return on cash invested measures -2.13% in year one, and rental yield stands at 0% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Apartment
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58356, New Rockford, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 909 (100%) |
| Owner Occupied HU | 549 (60.4%) |
| Renter Occupied HU | 184 (20.2%) |
| Vacant Housing Units | 176 (19.4%) |
| Median Home Value | $154,960 |
| Average Home Value | $205,378 |
Housing Distribution
Address Breakdown
Residential
794
Single Family
702
Multi-Family
92
Businesses
117
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A