6904 Maple LnHoraceND58047
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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
Rental property for sale in Horace at 6904 Maple Ln, Horace, ND, 58047 priced at $1,249,900 pairs $5,462/mo rent with after a $6,118/mo payment. Total monthly income equals $5,462/mo. Return on cash invested is 14% in year one, and rental yield stands at 5.24% on a $1,249,900 basis. Equity gained on principal adds $8,065/yr, and 5% annual appreciation accumulates to $345,324 by year five. Five-year ROI measures 70.94% and total cumulative return in cash reaches $287,298. For financing, Ziffy Mortgage’s DSCR program evaluates $5,462/mo property income against a $6,118/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
1.61 Acres 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: Dave Noah • RE/MAX Legacy Realty
Mls Name: FMARMLS
Mls Provider:
Mls ID: #6539754
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.