604 2nd St WLakotaND58344
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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 Lakota at 604 2nd St W, Lakota, ND, 58344 uses $59,670 cash to close to unlock $12,978/yr annual cash flow and $1,082/mo monthly cash flow. Total monthly income runs $2,177/mo, and a $881/mo payment keeps the spread at $1,082/mo. Purchase price stands at $180,000, and rental yield measures 14.51% with $2,177/mo rent. Return on cash invested shows 41.66% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 219.37% and total cumulative return in cash records $130,901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,177/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58344, Lakota, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 530 (100%) |
| Owner Occupied HU | 310 (58.5%) |
| Renter Occupied HU | 109 (20.6%) |
| Vacant Housing Units | 111 (20.9%) |
| Median Home Value | $143,519 |
| Average Home Value | $170,460 |
Housing Distribution
Address Breakdown
Residential
258
Single Family
235
Multi-Family
23
Businesses
74
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Listed by: N/A • N/A
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