6333 83rd AveHoraceND58047
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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 6333 83rd Ave, Horace, ND, 58047 uses $108,334 cash to close to unlock $4,807/yr annual cash flow and $401/mo monthly cash flow. Total monthly income runs $2,390/mo, and a $1,600/mo payment keeps the spread at $401/mo. Purchase price stands at $326,800, and rental yield measures 8.78% with $2,390/mo rent. Return on cash invested shows 24.35% in year one, and 5% annual appreciation builds toward $90,289 over five years. Five-year ROI reaches 126.52% and total cumulative return in cash records $137,066. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,390/mo property income covering a $1,600/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A 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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