611 6th St NEHopeND58046
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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 Hope at 611 6th St NE, Hope, ND, 58046 listed at $245,000 pairs $1,264/mo rent with a $1,199/mo payment. Total monthly income runs $1,264/mo. Return on cash invested measures 16.56% in year one, and rental yield registers 6.19% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 84.77% and total cumulative return in cash totals $68,844. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,264/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58046, Hope, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 299 (100%) |
| Owner Occupied HU | 203 (67.9%) |
| Renter Occupied HU | 38 (12.7%) |
| Vacant Housing Units | 58 (19.4%) |
| Median Home Value | $279,688 |
| Average Home Value | $282,032 |
Housing Distribution
Address Breakdown
Residential
160
Single Family
151
Multi-Family
9
Businesses
26
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Listed by: N/A • N/A
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