609 3rd St EHoraceND58047
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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 Horace at 609 3rd St E, Horace, ND, 58047 uses $88,278 cash to close to unlock $12,069/yr annual cash flow and $1,006/mo monthly cash flow. Total monthly income runs $2,639/mo, and a $1,303/mo payment keeps the spread at $1,006/mo. Purchase price stands at $266,300, and rental yield measures 11.89% with $2,639/mo rent. Return on cash invested shows 33.58% in year one, and 5% annual appreciation builds toward $73,574 over five years. Five-year ROI reaches 176.08% and total cumulative return in cash records $155,439. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,639/mo property income covering a $1,303/mo payment rather than investor’s personal income.
Single Family
Built in 2005
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58047, Horace, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,417 (100%) |
| Owner Occupied HU | 2,024 (83.7%) |
| Renter Occupied HU | 153 ( 6.3%) |
| Vacant Housing Units | 240 ( 9.9%) |
| Median Home Value | $468,689 |
| Average Home Value | $542,473 |
Housing Distribution
Address Breakdown
Residential
2,136
Single Family
2,130
Multi-Family
6
Businesses
137
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Listed by: N/A • N/A
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