606 Blaine StColfaxND58018
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 Colfax at 606 Blaine St, Colfax, ND, 58018 offers $2,962/mo rent that, after a $2,320/mo payment, leaves $77/mo cash flow. Total monthly income is $2,962/mo, and annual cash flow is $926/yr on $157,131 cash. Return on cash invested measures 20.5% in year one, and rental yield stands at 7.5% at a $474,000 entry. Equity gained on principal adds $3,059/yr while 5% annual appreciation compounds into $130,957 by year five. Five-year ROI records 105.89% and total cumulative return in cash reaches $166,385. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,962/mo property income versus a $2,320/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58018, Colfax, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 159 (100%) |
| Owner Occupied HU | 132 (83.0%) |
| Renter Occupied HU | 13 ( 8.2%) |
| Vacant Housing Units | 14 ( 8.8%) |
| Median Home Value | $247,619 |
| Average Home Value | $276,117 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
95
Multi-Family
0
Businesses
16
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Listed by: Nancy Kelly • Nancy Kelly Realty
Mls Name: FMARMLS
Mls Provider:
Mls ID: #7428070
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. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.