506 1st St NWRugbyND58368
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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 Rugby at 506 1st St NW, Rugby, ND, 58368 priced at $148,500 converts $1,135/mo rent into $211/mo cash flow after a $727/mo obligation. Total monthly income equals $1,135/mo, and annual cash flow totals $2,532/yr on $49,228 invested. Return on cash invested prints 25.05% in year one, and rental yield reads 9.17% against a $148,500 entry. Equity gained on principal adds $958/yr, while 5% annual appreciation compiles into $41,028 by year five. Five-year ROI reaches 130.44% and total cumulative return in cash sums $64,215. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,135/mo property income covering a $727/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58368, Rugby, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,792 (100%) |
| Owner Occupied HU | 1,203 (67.1%) |
| Renter Occupied HU | 295 (16.5%) |
| Vacant Housing Units | 294 (16.4%) |
| Median Home Value | $179,241 |
| Average Home Value | $223,128 |
Housing Distribution
Address Breakdown
Residential
1,653
Single Family
1,500
Multi-Family
153
Businesses
233
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Listed by: Aimee Lehman • Real Estate 7
Mls Name: My State MLS
Mls ID: #11445850