507 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
Investment property for sale in Kenmare at 507 2nd Ave NE, Kenmare, ND, 58746 listed at $110,000 pairs $856/mo rent with a $538/mo payment to leave $187/mo cash flow. Total monthly income runs $856/mo, and annual cash flow reaches $2,243/yr on $36,465 cash to close. Return on cash invested measures 26.06% in year one, and rental yield registers 9.34% at a $110,000 basis. Equity gained on principal adds $710/yr, and annual property appreciation at 5% supports $30,391 by year five. Five-year ROI tracks 135.68% and total cumulative return in cash totals $49,476. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $856/mo property income relative to a $538/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1898
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: Holly Micheletto • Real
Mls Name: Minot MLS
Mls ID: #251756