709 9th AveCandoND58324
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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
Rental property for sale in Cando at 709 9th Ave, Cando, ND, 58324 generates $750/mo in rent, after a $1,224/mo payment. Total monthly income is $750/mo. Return on cash invested sits at 8.73% in year one, and rental yield is 3.6% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 42.83% and total cumulative return in cash sums $35,494. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $750/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 58324, Cando, ND area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 741 (100%) |
| Owner Occupied HU | 415 (56.0%) |
| Renter Occupied HU | 153 (20.6%) |
| Vacant Housing Units | 173 (23.3%) |
| Median Home Value | $168,056 |
| Average Home Value | $194,620 |
Housing Distribution
Address Breakdown
Residential
366
Single Family
290
Multi-Family
76
Businesses
85
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Listed by: Jayden Komrosky • Nikolaisen Land Co
Mls Name: GFBMLS
Mls ID: #25-1148