7032 Benji 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
Investment property for sale in Horace at 7032 Benji Ln, Horace, ND, 58047 listed at $303,500 pairs $2,568/mo rent with a $1,485/mo payment to leave $721/mo cash flow. Total monthly income runs $2,568/mo, and annual cash flow reaches $8,656/yr on $100,610 cash to close. Return on cash invested measures 28.51% in year one, and rental yield registers 10.15% at a $303,500 basis. Equity gained on principal adds $1,958/yr, and annual property appreciation at 5% supports $83,851 by year five. Five-year ROI tracks 148.87% and total cumulative return in cash totals $149,779. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,568/mo property income relative to a $1,485/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: Anne McDonagh • Dakota Plains Realty
Mls Name: FMARMLS
Mls Provider:
Mls ID: #7427687
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.