487 N Rice Lake RdDouglasND58735
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 Douglas at 487 N Rice Lake Rd, Douglas, ND, 58735 priced at $485,000 converts $1,061/mo rent into after a $2,374/mo obligation. Total monthly income equals $1,061/mo. Return on cash invested prints 5.8% in year one, and rental yield reads 2.63% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 27.05% and total cumulative return in cash sums $43,490. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,061/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58735, Douglas, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 219 (100%) |
| Owner Occupied HU | 99 (45.2%) |
| Renter Occupied HU | 24 (11.0%) |
| Vacant Housing Units | 96 (43.8%) |
| Median Home Value | $234,677 |
| Average Home Value | $256,187 |
Housing Distribution
Address Breakdown
Residential
168
Single Family
168
Multi-Family
0
Businesses
4
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Nearby investment properties with comparable prices
Listed by: Amber Kraft • KW Inspire Realty
Mls Name: Minot MLS
Mls Provider:
Mls ID: #250855
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