700 Blaine St NColfaxND58018
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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 Colfax at 700 Blaine St N, Colfax, ND, 58018 priced at $441,750 pairs $2,338/mo rent with after a $2,162/mo payment. Total monthly income equals $2,338/mo. Return on cash invested is 17.04% in year one, and rental yield stands at 6.35% on a $441,750 basis. Equity gained on principal adds $2,851/yr, and 5% annual appreciation accumulates to $122,047 by year five. Five-year ROI measures 87.32% and total cumulative return in cash reaches $127,868. For financing, Ziffy Mortgage’s DSCR program evaluates $2,338/mo property income against a $2,162/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58018, Colfax, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 159 (100%) |
| Owner Occupied HU | 132 (83.0%) |
| Renter Occupied HU | 13 ( 8.2%) |
| Vacant Housing Units | 14 ( 8.8%) |
| Median Home Value | $247,619 |
| Average Home Value | $276,117 |
Housing Distribution
Address Breakdown
Residential
95
Single Family
95
Multi-Family
0
Businesses
16
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Listed by: Nancy Kelly • Nancy Kelly Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6643092