422 Broadway AvePortlandND58274
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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 Portland at 422 Broadway Ave, Portland, ND, 58274 priced at $270,000 converts $0/mo rent into after a $1,322/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.13% in year one, and rental yield reads 0% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1915
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58274, Portland, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 453 (100%) |
| Owner Occupied HU | 325 (71.7%) |
| Renter Occupied HU | 82 (18.1%) |
| Vacant Housing Units | 46 (10.2%) |
| Median Home Value | $258,523 |
| Average Home Value | $275,577 |
Housing Distribution
Address Breakdown
Residential
249
Single Family
249
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Brittin Callina • Accurate REI
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-770
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.