490 Joal DrCarringtonND58421
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 490 Joal Dr, Carrington, ND, 58421 in Carrington: $1,352/mo in rent, $287/mo in net income, 9.27% gross yield, 1.72 DSCR, all at $175,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $48,349 in appreciation and $1,612/yr in principal paydown projects total cumulative return of $84,753.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.2% |
| Monthly Cash Flow | $287 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,352 |
| Total Monthly Debt Service | $995 |
| DSCR Ratio | 1.36x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Great North MLS
Mls ID: #4024320