494 Joal DrCarringtonND58421
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 Carrington at 494 Joal Dr, Carrington, ND, 58421 priced at $165,000 pairs $1,234/mo rent with $229/mo cash flow after a $808/mo payment. Total monthly income equals $1,234/mo, and annual cash flow comes to $2,752/yr on $54,698 invested. Return on cash invested is 24.94% in year one, and rental yield stands at 8.97% on a $165,000 basis. Equity gained on principal adds $1,065/yr, and 5% annual appreciation accumulates to $45,586 by year five. Five-year ROI measures 129.75% and total cumulative return in cash reaches $70,967. For financing, Ziffy Mortgage’s DSCR program evaluates $1,234/mo property income against a $808/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1977
9,147 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: #4020130