709 2nd St SERugbyND58368
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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 Rugby at 709 2nd St SE, Rugby, ND, 58368 offers a 6.55% rental yield on a $259,000 purchase with $1,414/mo rent. 64% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 90.56% and total cumulative return in cash at $77,752. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,414/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58368, Rugby, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,792 (100%) |
| Owner Occupied HU | 1,203 (67.1%) |
| Renter Occupied HU | 295 (16.5%) |
| Vacant Housing Units | 294 (16.4%) |
| Median Home Value | $179,241 |
| Average Home Value | $223,128 |
Housing Distribution
Address Breakdown
Residential
1,653
Single Family
1,500
Multi-Family
153
Businesses
233
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Listed by: Aimee Lehman • Real Estate 7
Mls Name: My State MLS
Mls ID: #11469141