530 Harvey AveHarveyND58341
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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 Harvey at 530 Harvey Ave, Harvey, ND, 58341 uses $62,654 cash to close to unlock $4,101/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $1,492/mo, and a $925/mo payment keeps the spread at $342/mo. Purchase price stands at $189,000, and rental yield measures 9.47% with $1,492/mo rent. Return on cash invested shows 26.46% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 137.8% and total cumulative return in cash records $86,338. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,492/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58341, Harvey, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,392 (100%) |
| Owner Occupied HU | 828 (59.5%) |
| Renter Occupied HU | 249 (17.9%) |
| Vacant Housing Units | 315 (22.6%) |
| Median Home Value | $172,143 |
| Average Home Value | $228,089 |
Housing Distribution
Address Breakdown
Residential
1,163
Single Family
1,026
Multi-Family
137
Businesses
154
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Listed by: Natalie Hase • Hase Realty LLC
Mls Name: My State MLS
Mls ID: #11541104