508 1st Ave SEScrantonND58653
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play508 1st Ave SE, Scranton, ND, 58653 in Scranton is priced for appreciation, not yield. Rental yield 0%. At $294,000 with a 0% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $81,227 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.00) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
Single Family
Built in 1986
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58653, Scranton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 297 (100%) |
| Owner Occupied HU | 191 (64.3%) |
| Renter Occupied HU | 47 (15.8%) |
| Vacant Housing Units | 59 (19.9%) |
| Median Home Value | $263,750 |
| Average Home Value | $316,296 |
Housing Distribution
Address Breakdown
Residential
207
Single Family
200
Multi-Family
7
Businesses
15
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 1986
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58653, Scranton, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 297 (100%) |
| Owner Occupied HU | 191 (64.3%) |
| Renter Occupied HU | 47 (15.8%) |
| Vacant Housing Units | 59 (19.9%) |
| Median Home Value | $263,750 |
| Average Home Value | $316,296 |
Housing Distribution
Address Breakdown
Residential
207
Single Family
200
Multi-Family
7
Businesses
15
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Alison Pierce • Pifer's Auction & Realty
Mls Name: My State MLS
Mls ID: #11530866