432 2nd St NESurreyND58785
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 Surrey at 432 2nd St NE, Surrey, ND, 58785 priced at $309,000 pairs $2,352/mo rent with $472/mo cash flow after a $1,512/mo payment. Total monthly income equals $2,352/mo, and annual cash flow comes to $5,661/yr on $102,434 invested. Return on cash invested is 25.44% in year one, and rental yield stands at 9.13% on a $309,000 basis. Equity gained on principal adds $1,994/yr, and 5% annual appreciation accumulates to $85,371 by year five. Five-year ROI measures 132.35% and total cumulative return in cash reaches $135,569. For financing, Ziffy Mortgage’s DSCR program evaluates $2,352/mo property income against a $1,512/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1971
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58785, Surrey, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 581 (100%) |
| Owner Occupied HU | 479 (82.4%) |
| Renter Occupied HU | 53 ( 9.1%) |
| Vacant Housing Units | 49 ( 8.4%) |
| Median Home Value | $324,408 |
| Average Home Value | $328,450 |
Housing Distribution
Address Breakdown
Residential
369
Single Family
369
Multi-Family
0
Businesses
17
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Nearby investment properties with comparable prices
Listed by: Ashleigh Collins • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250751
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