603 Small AveHopeND58046
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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
Rental property for sale in Hope at 603 Small Ave, Hope, ND, 58046 generates $1,333/mo in rent and, after a $783/mo payment, leaves $330/mo in cash flow. Total monthly income is $1,333/mo, and annual cash flow is $3,957/yr on $53,007 invested. Return on cash invested sits at 27.37% in year one, and rental yield is 10% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 143.02% and total cumulative return in cash sums $75,810. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,333/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58046, Hope, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 299 (100%) |
| Owner Occupied HU | 203 (67.9%) |
| Renter Occupied HU | 38 (12.7%) |
| Vacant Housing Units | 58 (19.4%) |
| Median Home Value | $279,688 |
| Average Home Value | $282,032 |
Housing Distribution
Address Breakdown
Residential
160
Single Family
151
Multi-Family
9
Businesses
26
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Listed by: Kevin Elliott • Valley Land Investments
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-1356
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.