503 Violet Ave NWSouth HeartND58655
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
Investment property for sale in South Heart at 503 Violet Ave NW, South Heart, ND, 58655 listed at $215,000 pairs $2,101/mo rent with a $1,052/mo payment to leave $793/mo cash flow. Total monthly income runs $2,101/mo, and annual cash flow reaches $9,513/yr on $71,273 cash to close. Return on cash invested measures 33.26% in year one, and rental yield registers 11.73% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 174.3% and total cumulative return in cash totals $124,225. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,101/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58655, South Heart, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 240 (100%) |
| Owner Occupied HU | 196 (81.7%) |
| Renter Occupied HU | 34 (14.2%) |
| Vacant Housing Units | 10 ( 4.2%) |
| Median Home Value | $331,915 |
| Average Home Value | $353,533 |
Housing Distribution
Address Breakdown
Residential
57
Single Family
57
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ninetta Wandler • RE/MAX Integrity Realty
Mls Name: Badlands BOR
Mls Provider:
Mls ID: #25-920
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.