490 Joal DrCarringtonND58421
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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 Carrington at 490 Joal Dr, Carrington, ND, 58421 uses $58,013 cash to close to unlock $5,913/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $1,579/mo, and a $857/mo payment keeps the spread at $493/mo. Purchase price stands at $175,000, and rental yield measures 10.83% with $1,579/mo rent. Return on cash invested shows 30.1% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 157.53% and total cumulative return in cash records $91,387. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,579/mo property income covering a $857/mo payment rather than investor’s personal income.
Townhouse
Built in 1977
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58421, Carrington, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,459 (100%) |
| Owner Occupied HU | 943 (64.6%) |
| Renter Occupied HU | 297 (20.4%) |
| Vacant Housing Units | 219 (15.0%) |
| Median Home Value | $204,427 |
| Average Home Value | $261,331 |
Housing Distribution
Address Breakdown
Residential
1,277
Single Family
1,160
Multi-Family
117
Businesses
187
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Listed by: Alison Schumann • Century 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4020379
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.