505 3rd St NHettingerND58639
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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 Hettinger at 505 3rd St N, Hettinger, ND, 58639 with 5% annual appreciation on a $270,000 basis while $1,772/mo rent supports operations. Total monthly income totals $1,772/mo and a $1,322/mo payment preserves $128/mo for cash returns. Annual cash flow comes to $1,539/yr on $89,505 deployed, and return on cash invested reaches 21.63% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 7.88%. Five-year ROI measures 111.96% and total cumulative return in cash totals $100,213.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,772/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1978
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58639, Hettinger, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,152 (100%) |
| Owner Occupied HU | 657 (57.0%) |
| Renter Occupied HU | 190 (16.5%) |
| Vacant Housing Units | 305 (26.5%) |
| Median Home Value | $145,500 |
| Average Home Value | $240,221 |
Housing Distribution
Address Breakdown
Residential
709
Single Family
674
Multi-Family
35
Businesses
121
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Listed by: ALISSA MACK • HOME AND LAND COMPANY
Mls Name: Great North MLS
Mls ID: #4019161
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.