7023 Benji LnHoraceND58047
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 7023 Benji Ln, Horace, ND, 58047 priced at $297,220 converts $2,578/mo rent into $769/mo cash flow after a $1,455/mo obligation. Total monthly income equals $2,578/mo, and annual cash flow totals $9,226/yr on $98,528 invested. Return on cash invested prints 29.27% in year one, and rental yield reads 10.41% against a $297,220 entry. Equity gained on principal adds $1,918/yr, while 5% annual appreciation compiles into $82,116 by year five. Five-year ROI reaches 152.91% and total cumulative return in cash sums $150,663. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,578/mo property income covering a $1,455/mo payment, not borrower’s personal income.
Multi Family
Built in 2024
5,662 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Colvin • Century 21 FM Realty
Mls Name: FMARMLS
Mls Provider:
Mls ID: #7427804
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.