423 1st Ave NWKenmareND58746
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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 Kenmare at 423 1st Ave NW, Kenmare, ND, 58746 uses $66,267 cash to close to unlock $6,285/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $1,740/mo, and a $978/mo payment keeps the spread at $524/mo. Purchase price stands at $199,900, and rental yield measures 10.45% with $1,740/mo rent. Return on cash invested shows 29.39% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 153.58% and total cumulative return in cash records $101,773. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,740/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1915
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58746, Kenmare, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 832 (100%) |
| Owner Occupied HU | 517 (62.1%) |
| Renter Occupied HU | 132 (15.9%) |
| Vacant Housing Units | 183 (22.0%) |
| Median Home Value | $162,972 |
| Average Home Value | $208,187 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
356
Multi-Family
67
Businesses
78
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Listed by: Natosha Gartner • BROKERS 12, INC.
Mls Name: Minot MLS
Mls ID: #251414