617 3rd St NEKenmareND58746
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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 Kenmare at 617 3rd St NE, Kenmare, ND, 58746 uses $44,753 cash to close to unlock $5,317/yr annual cash flow and $443/mo monthly cash flow. Total monthly income runs $1,265/mo, and a $661/mo payment keeps the spread at $443/mo. Purchase price stands at $135,000, and rental yield measures 11.24% with $1,265/mo rent. Return on cash invested shows 31.79% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 166.54% and total cumulative return in cash records $74,533. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,265/mo property income covering a $661/mo payment rather than investor’s personal income.
Condo
Built in 1973
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58746, Kenmare, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 832 (100%) |
| Owner Occupied HU | 517 (62.1%) |
| Renter Occupied HU | 132 (15.9%) |
| Vacant Housing Units | 183 (22.0%) |
| Median Home Value | $162,972 |
| Average Home Value | $208,187 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
356
Multi-Family
67
Businesses
78
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Listed by: KRISTI M BOHL • TRADEMARK REALTY
Mls Name: Great North MLS
Mls ID: #4021065