6211 87th Ave SHoraceND58047
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 6211 87th Ave S, Horace, ND, 58047 in Horace deserves attention. This $293,500 property earns $2,821/mo in rent, a 11.53% gross yield, and nets $1,035/mo after the $1,320/mo payment. DSCR 2.14 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $81,089 compounds alongside $2,703/yr in yearly equity build, for a total cumulative return of $177,774.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.5% |
| Monthly Cash Flow | $1,035 | $450 |
City averages based on Horace market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,821 |
| Total Monthly Debt Service | $1,670 |
| DSCR Ratio | 1.69x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
7,013 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2026
7,013 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #7040247