608 Blaine St NColfaxND58018
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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 Colfax at 608 Blaine St N, Colfax, ND, 58018 offers a 7.39% rental yield on a $451,250 purchase with $2,780/mo rent. Total monthly income registers $2,780/mo, and a $2,209/mo payment leaves $33/mo available for distribution. Annual cash flow reaches $399/yr on $149,589 to close, and return on cash invested stands at 20.18% in year one. Equity gained on principal adds $2,912/yr while 5% annual appreciation supports $124,672 over five years. Portfolio math shows five-year ROI at 104.15% and total cumulative return in cash at $155,798. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,780/mo property income against a $2,209/mo payment rather than investor’s personal income documents like 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: NorthstarMLS as distributed by MLS GRID
Mls ID: #6643103