550 Spruce StKindredND58051
Nearby investment properties with comparable rents
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
Investment Highlights
Rental property for sale in Kindred at 550 Spruce St, Kindred, ND, 58051 offers $1,538/mo rent that, after a $1,125/mo payment, leaves $139/mo cash flow. Total monthly income is $1,538/mo, and annual cash flow is $1,668/yr on $76,212 cash. Return on cash invested measures 22.1% in year one, and rental yield stands at 8.03% at a $229,900 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,517 by year five. Five-year ROI records 114.52% and total cumulative return in cash reaches $87,275. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,538/mo property income versus a $1,125/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58051, Kindred, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 692 (100%) |
| Owner Occupied HU | 578 (83.5%) |
| Renter Occupied HU | 66 ( 9.5%) |
| Vacant Housing Units | 48 ( 6.9%) |
| Median Home Value | $420,765 |
| Average Home Value | $483,157 |
Housing Distribution
Address Breakdown
Residential
627
Single Family
613
Multi-Family
14
Businesses
60
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Nearby investment properties with comparable prices
Listed by: Evan Johnson • FpG Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6779532