701 Howard Ave SWCooperstownND58425
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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 Cooperstown at 701 Howard Ave SW, Cooperstown, ND, 58425 offers $1,020/mo rent that, after a $631/mo payment, leaves $235/mo cash flow. Total monthly income is $1,020/mo, and annual cash flow is $2,823/yr on $42,764 cash. Return on cash invested measures 26.51% in year one, and rental yield stands at 9.49% at a $129,000 entry. Equity gained on principal adds $832/yr while 5% annual appreciation compounds into $35,640 by year five. Five-year ROI records 138.2% and total cumulative return in cash reaches $59,101. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,020/mo property income versus a $631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
10,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58425, Cooperstown, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 748 (100%) |
| Owner Occupied HU | 443 (59.2%) |
| Renter Occupied HU | 146 (19.5%) |
| Vacant Housing Units | 159 (21.3%) |
| Median Home Value | $170,982 |
| Average Home Value | $260,000 |
Housing Distribution
Address Breakdown
Residential
443
Single Family
382
Multi-Family
61
Businesses
105
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Listed by: Stacey Aarestad • Aarestad Realty
Mls Name: My State MLS
Mls ID: #11510572