6812 W Schatz DrElginND58533
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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 Elgin at 6812 W Schatz Dr, Elgin, ND, 58533 listed at $269,900 pairs $600/mo rent with a $1,321/mo payment. Total monthly income runs $600/mo. Return on cash invested measures 5.93% in year one, and rental yield registers 2.67% at a $269,900 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,568 by year five. Five-year ROI tracks 27.76% and total cumulative return in cash totals $24,834. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $600/mo property income relative to a $1,321/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2024
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58533, Elgin, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 549 (100%) |
| Owner Occupied HU | 326 (59.4%) |
| Renter Occupied HU | 66 (12.0%) |
| Vacant Housing Units | 157 (28.6%) |
| Median Home Value | $118,000 |
| Average Home Value | $198,827 |
Housing Distribution
Address Breakdown
Residential
382
Single Family
346
Multi-Family
36
Businesses
58
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Listed by: MaryJane Mayer • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4022977