515 Washington AveLarimoreND58251
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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 Larimore at 515 Washington Ave, Larimore, ND, 58251 earns from $842/mo rent with a $1,463/mo payment. Total monthly income totals $842/mo. ROI tracks 8.08% on current figures, and rental yield reads 3.38% at a $299,000 purchase. Equity gained on principal adds $1,929/yr, and 5% annual appreciation supports $82,608 over five years. Five-year ROI reaches 39.26% and total cumulative return in cash sums $38,914. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $842/mo property income instead of your personal income.
Single Family
Built in 1971
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58251, Larimore, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 869 (100%) |
| Owner Occupied HU | 613 (70.5%) |
| Renter Occupied HU | 159 (18.3%) |
| Vacant Housing Units | 97 (11.2%) |
| Median Home Value | $197,266 |
| Average Home Value | $222,378 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
296
Multi-Family
22
Businesses
67
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Listed by: Mary Hoverson • Oxford Realty
Mls Name: GFBMLS
Mls ID: #25-1436