707 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
Investment property for sale in Colfax at 707 Blaine St N, Colfax, ND, 58018 uses $123,152 cash to close to unlock $808/yr annual cash flow and $67/mo monthly cash flow. Total monthly income runs $2,328/mo, and a $1,818/mo payment keeps the spread at $67/mo. Purchase price stands at $371,500, and rental yield measures 7.52% with $2,328/mo rent. Return on cash invested shows 20.56% in year one, and 5% annual appreciation builds toward $102,639 over five years. Five-year ROI reaches 106.24% and total cumulative return in cash records $130,832. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,328/mo property income covering a $1,818/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
N/A 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: N/A • N/A
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