706 3rd Ave NEHillsboroND58045
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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 Hillsboro at 706 3rd Ave NE, Hillsboro, ND, 58045 uses $104,423 cash to close to unlock $6,127/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $2,428/mo, and a $1,542/mo payment keeps the spread at $511/mo. Purchase price stands at $315,000, and rental yield measures 9.25% with $2,428/mo rent. Return on cash invested shows 25.78% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 134.18% and total cumulative return in cash records $140,117. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,428/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58045, Hillsboro, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,058 (100%) |
| Owner Occupied HU | 700 (66.2%) |
| Renter Occupied HU | 228 (21.6%) |
| Vacant Housing Units | 130 (12.3%) |
| Median Home Value | $242,529 |
| Average Home Value | $258,825 |
Housing Distribution
Address Breakdown
Residential
799
Single Family
701
Multi-Family
98
Businesses
129
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Listed by: Sarah L Cotton • Dakota Plains Realty
Mls Name: NorthstarMLS as distributed by MLS GRID
Mls ID: #6801842