504 2nd Ave NEKenmareND58746
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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
Rental property for sale in Kenmare at 504 2nd Ave NE, Kenmare, ND, 58746 generates $1,533/mo in rent and, after a $978/mo payment, leaves $317/mo in cash flow. Total monthly income is $1,533/mo, and annual cash flow is $3,801/yr on $66,267 invested. Return on cash invested sits at 25.65% in year one, and rental yield is 9.2% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 133.48% and total cumulative return in cash sums $88,453. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,533/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58746, Kenmare, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 832 (100%) |
| Owner Occupied HU | 517 (62.1%) |
| Renter Occupied HU | 132 (15.9%) |
| Vacant Housing Units | 183 (22.0%) |
| Median Home Value | $162,972 |
| Average Home Value | $208,187 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
356
Multi-Family
67
Businesses
78
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Listed by: Penny Belgarde • Century 21 Morrison Realty
Mls Name: Minot MLS
Mls ID: #251606