608 7th St NThompsonND58278
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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 Thompson at 608 7th St N, Thompson, ND, 58278 generates $3,491/mo in rent and, after a $2,687/mo payment, leaves $1/mo in cash flow. Total monthly income is $3,491/mo, and annual cash flow is $13/yr on $180,621 invested. Return on cash invested sits at 20.07% in year one, and rental yield is 7.63% on a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 103.91% and total cumulative return in cash sums $187,676. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,491/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58278, Thompson, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 785 (100%) |
| Owner Occupied HU | 703 (89.6%) |
| Renter Occupied HU | 56 ( 7.1%) |
| Vacant Housing Units | 26 ( 3.3%) |
| Median Home Value | $376,115 |
| Average Home Value | $415,725 |
Housing Distribution
Address Breakdown
Residential
740
Single Family
740
Multi-Family
0
Businesses
40
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Listed by: Angie Mercil • Crary Real Estate
Mls Name: GFBMLS
Mls Provider:
Mls ID: #25-780
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.