6812 W Schatz DrElginND58533
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 6812 W Schatz Dr, Elgin, ND, 58533 in Elgin the bet is firmly on appreciation. Rental yield 2.67%. The 2.67% gross yield on a $269,900 price is below income-first thresholds, but 5%/yr value growth projects $74,568 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.49) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $35,144.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 2.7% | 6.2% |
| Monthly Cash Flow | $(1,043) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $600 |
| Total Monthly Debt Service | $1,535 |
| DSCR Ratio | 0.39x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Listed by: MaryJane Mayer • CENTURY 21 Morrison Realty
Mls Name: Great North MLS
Mls ID: #4022977